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Listed by: Nick Gray | Gray Property Group, LLC (603) 637-4812
$1,130,000
Monthly Est:$5,624
-- Bed
-- Bath
5,338sqft
261 Union Ave, Laconia, NH 03264
$1,130,000
$5,624/moEst:
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Multi Family
Built in 1885
$-- HOA
3,485 sqft lot
$212/sq.ft
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.
- Houzeo last checked: 2 hours ago
- Listing updated: September 25, 2026 at 1:30 pm
- Source: NEREN/Prime MLS-NH | MLS#: 5092356
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1885
HOA Fees
-
Finished Area
5,338 sqft
Lot Size
3,485 sqft lot
Basement Area
- sqft
MLS Name
NEREN/Prime MLS
MLS Number
5092356
MLS Status
(10) Active - Active
Days on Market
133
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
Public
Heating
Natural Gas, Gravity, Hot Water
Cooling
None
Construction
Year Built
Year Built: 1885
Home type
Multi Family
Architectural Style
Apartment Building
Roof
Asphalt Shingle
Property Condition
Existing
Construction Materials
Wood Frame, Vinyl Siding
Foundation Details
Brick/mortar, Granite, Stone
Utilities & Energy
Electric
100 Amp Service
Utilities
Cable
Basement
Concrete Floor, Dirt Floor
Water Source
Public
Other Features
Lot Features
Level
Price History
| Date | Event | Price |
|---|---|---|
09/25/2026 Source: | Listed for Sale | $1,130,000 +50.67% $212/sqft |
12/31/2021 Source: | Sold | $750,000 $141/sqft |
Find Homes by Property Features in Laconia, NH
Based on information from PrimeMLS Inc. through Oct 14, 2026, 11:15AM. This display of listings may or may not be the entire Compilation from the PrimeMLS database, and PrimeMLS does not guarantee the accuracy of such information. The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers' personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated Oct 14, 2026, 11:15AM. © 2026 PrimeMLS, Inc. All Rights Reserved.
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