24 Messer Street, Laconia, NH 03246

Fully leased five-unit investment property in Laconia, offered at a 9.2% cap rate on in-place income. 24–26 Messer Street offers four one-bedroom units and one three-bedroom unit with two full baths and a bonus room, in a city-approved 1890 building on a 0.34-acre in-town lot with a detached four-bay garage. Current rents total $6,450 per month ($77,400 per year), plus coin-op laundry income. The three-bedroom was newly leased in September 2026 at $2,200, and one one-bedroom has been fully renovated with refinished floors, a new kitchen and a new bath. Three one-bedrooms are long-term, month-to-month tenancies of six years or more, renting well below comparable Laconia one-bedrooms and giving a new owner clear room to grow income. Tenants pay their own electric. Each unit has its own electric meter and panel. The building has natural gas hot-water heat and town water and sewer, plus a 1,956 sq ft unfinished walkout basement for storage. The four-bay garage currently produces no...