List Price: $1,130,000 | $212 per sq.ft. Multi Family A 9 Unit Multi Family Home
With 8 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Tuesday Jun 2, 2026 | MLS# 5092356
With 8 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Tuesday Jun 2, 2026 | MLS# 5092356
To see this Listing
Address: 261 Union Avenue Laconia NH
Listed by Nick Gray Gray Property Group, LLC
Description:
9-unit mixed use property in central Laconia consisting of eight 1-bedroom apartments and a 928 SF commercial space. The building has been improved through updates to several apartments and the common areas, and the roof was replaced in 2021. All 8 apartments are occupied and rents are terrific with an average residential rent of $1,432/unit/month, and opportunity exists for the next owner to add revenue by leasing the commercial space. In total, the property generates ~$155K in pro forma gross revenue and ~$105K per year in NOI, corresponding to a 9.3% cap rate at the asking price. Landlord pays for heat, hot water, cold water, and electricity. There are 6 off-street parking spaces and ample street parking in the immediate vicinity. Owner is a real estate licensee.
Annual Expenses
Taxes: $0
Taxes: $0
Income
Gross Income | $155,520
NetIncome | $105,836
Gross Income | $155,520
NetIncome | $105,836
UNIT 1 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Rent : 1300.00 Monthly
Lease Term : Annual
Status : Leased
UNIT 2 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Rent : 1560.00 Monthly
Lease Term : Annual
UNIT 3 INFORMATION
Beds: 1
Baths: 1
Rent : 1300.00 Monthly
Lease Term : Annual
Status : Leased
UNIT 4 INFORMATION
Beds: 1
Baths: 1
Rent : 1500.00 Monthly
Lease Term : Annual
Status : Leased
UNIT 5 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Rent : 1300.00 Monthly
Lease Term : Annual
UNIT 6 INFORMATION
Beds: 1
Baths: 1
Rent : 1500.00 Monthly
Lease Term : Annual
Status : Leased
UNIT 7 INFORMATION
Beds: 1
Baths: 1
Rent : 1500.00
UNIT 8 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Rent : 1500
Construction: Wood Frame | Vinyl Siding
Year Built: 1885
Style: Apartment Building
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 6550
Above Grade Sq.Ft.: 5338
Basement: Concrete Floor | Dirt Floor
Year Built: 1885
Style: Apartment Building
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 6550
Above Grade Sq.Ft.: 5338
Basement: Concrete Floor | Dirt Floor
Exterior Color: Blue
Roof: Asphalt Shingle
Seasonal: No
Roof: Asphalt Shingle
Seasonal: No
Heating: Natural Gas | Gravity | Hot Water
Cooling: None
Electric: 100 Amp Service
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Cooling: None
Electric: 100 Amp Service
Utilities: Cable
Electric Meters:
Water: Public
Sewer: Public
Land Information
Level
Lot size: 0.08 acres
Zoned: UC)
Surveyed: No
Flood Zone: Yes
Driveway: Paved
Level
Lot size: 0.08 acres
Zoned: UC)
Surveyed: No
Flood Zone: Yes
Driveway: Paved
Additional Information
Block - 220
Taxes $0
Assesed Value Not Reported
Block - 220
Taxes $0
Assesed Value Not Reported
Schools
