 603-643-3942
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$1,130,000 | $212 per sq.ft. | MLS# 5092356
A
9
Unit Multi Family Home, 261 Union Avenue Laconia NH
With 8 - One Bedroom Units |
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| 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. |
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Annual Expenses
Taxes: $0 |
Income
Gross Income | $ NetIncome | $ |
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| FEATURES AND DETAILS |
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CONSTRUCTION: Wood Frame | Vinyl Siding | Exterior Color Blue | Price Per SQ.FT. 211.69 | Year Built: 1885 |
LAND DESCRIPTION:
LOT DESCRIPTION: Level |
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ADDITIONAL INFORMATION
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SCHOOLS
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15 Buck Rd. Hanover, NH 03755 603-643-3942 Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College |
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Data last updated June 11th, 2026 |
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