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

$1,950,000

MLS# 5093247
9050 sq.ft. Bedroom | 0 Bathroom
Multi Family
8-10 Arch Street Laconia NH 		 
$1,950,000 | $215 per sq.ft. | MLS# 5093247 A 14  Unit Multi Family Home, 8-10 Arch Street Laconia NH With 1 - One Bedroom Units | 13 - Two Bedroom Units

Description:
Exceptional investment opportunity featuring a portfolio of 14 residential units, a detached multi-bay barn/garage, and an additional vacant buildable lot offering future development potential. The fully occupied apartment building consists of 14 residential units, including one large 1-bedroom unit and thirteen 2-bedroom units. Many units have been renovated, providing an attractive mix of updated living spaces and strong rental income. Property improvements include newer circuit breaker panels, a SuperStore hot water system and individual Rinnai wall furnaces serving each unit. The expansive walk-out lower level offers additional value with a future coin-operated laundry room, workshop area and ample storage space. A standout feature of the property is the detached two-story barn/garage structure. The upper level includes six separate garage bays, each measuring approximately 18' x 10'. The lower level features an oversized 61' x 25' garage/storage area with drive-in access, creating exceptional potential for additional rental income, storage, workshop, or business use. Currently vacant, this space offers the new owner the flexibility to maximize its value based on their specific needs and investment goals. Also included is a separate vacant lot, offering potential for future development, additional parking, outdoor storage, or other value-add opportunities (subject to local approvals). This unique offering combines strong in-place cash flow with significant upside potential through continued improvements, additional rental income opportunities, and future development possibilities. Financial information, rent roll, and unit photographs are available upon request.

Annual Expenses
Taxes: $12,811 		    Income Gross Income | $

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Clapboard Exterior | Vinyl Exterior | Price Per SQ.FT. 215.47 | Year Built: 1900
 LAND DESCRIPTION: LOT DESCRIPTION: Corner | Near Hospital
Avail.Sq.Ft.: 14
Livable Space: 9050
Above Grade Sq.Ft.: 9050
Below Grade Sq.Ft.: 0
Heating: Natural Gas | Individual | Wall Furnace
Cooling: None
Electric: Circuit Breaker(s)
Style: Apartment Building
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Lot size: 0.34 acres
Zoned: UC
Surveyed: Unk
Flood Zone: No
Seasonal: No
Driveway: Paved
ADDITIONAL INFORMATION
Taxes $12,811  | Assesed Value $0 in
SCHOOLS
  • 8-10 Arch St 25460676 8-10 Arch St
  • 8-10 Arch St 25460677 8-10 Arch St
  • 8-10 Arch & 158 Union 25460678 8-10 Arch & 158 Union
  • 8-10 Arch St 25460679 8-10 Arch St
  • 8-10 Arch 25460680 8-10 Arch
  • 25460681
  • 25460682
  • garages 25460683 garages
  • 25460684
  • 25460685
  • 25460686
  • 25460687
  • 25460688
  • 25460689
  • 25460690
  • 25460691
  • 25460692
  • 25460693
  • 25460694
  • 25460695
  • 25460696
  • 25460697
  • 25460698
  • 25460699
  • 25460700
  • 25460701
  • 25460702
  • 25460703
15 Buck Rd. Hanover, NH 03755 603-643-3942

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