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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755


$425,000

Price Change! reduced by $19,000 on June 15th 2026
MLS# 5082433
Under Contract 2195 sq.ft. Bedroom | 0 Bathroom
Multi Family
7 Elliott Street Laconia NH
 
Price Change! reduced by $19,000 on June 15th 2026
$425,000 | $194 per sq.ft. Under Contract | MLS# 5082433 A 2  Unit Multi Family Home, 7 Elliott Street Laconia NH With 2 - Two Bedroom Units

Description:
CASH COW! This duplex has been renovated and is ready for two new tenants! Perfect for seasoned investors or owner occupied, right in the heart of downtown Laconia! Take advantage of the new Social District just walking distance away! Ideally located within walking distance to local amenities including the gym, Town Hall, Taco Bay, and just steps from Concord Hospital Laconia, this in-town property offers convenience that today's renters are actively seeking. Each unit features a spacious and well-designed layout. The first-floor unit offers 2 bedrooms and 1 bath, while the second-floor unit includes 2 bedrooms plus a loft and 1 bath--providing flexible living space that appeals to a wide range of tenants. With separate utilities already in place, this property is well-positioned for easy management and strong rental performance. The downstairs unit most recently rented for $1,900/month, and the upstairs for $2,100/month, making this a compelling income-producing asset. Located in Laconia--known as the "City of the Lakes"--you're just minutes from Lake Winnipesaukee, Lake Opechee, and Lake Winnisquam. This sought-after Lakes Region location draws year-round visitors, enhancing rental demand and long-term value. Whether you're looking to owner-occupy and offset your mortgage by renting the second unit, or expand your investment portfolio in a high-demand area, this property checks all the boxes. With its prime location, strong rental history, and proximity to lakes, healthcare, and downtown attractions, this is an opportunity you won't want to miss.

Annual Expenses
Taxes: $3,947
    Income

FEATURES AND DETAILS

CONSTRUCTION: Clapboard Exterior | Vinyl Exterior | Price Per SQ.FT. 193.62 | Year Built: 1930
LAND DESCRIPTION: LOT DESCRIPTION: City Lot | Sloping | Steep
Livable Space: 2195
Above Grade Sq.Ft.: 2195
Below Grade Sq.Ft.: 0
Heating: Oil | Baseboard | Hot Water
Cooling: None
Electric: 100 Amp Service | Circuit Breaker(s)
Style: Multi-Family | New Englander
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Lot size: 0.13 acres
Zoned: UC
Surveyed: Unk
Flood Zone: Unknown
Seasonal: No
Road Frontage: 58
Driveway: Paved

ADDITIONAL INFORMATION
Taxes $3,947  | Assesed Value $304,100 in 2025
SCHOOLS
School District: Laconia Sch Dst SAU #30
Middle School: Laconia Middle School
High School: Laconia High School
15 Buck Rd. Hanover, NH 03755 603-643-3942

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