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261 Union Avenue, Laconia, NH 03264

Laconia
Local realty services provided by:CENTURY 21 McLennan & Company
261 Union Avenue,Laconia, NH 03264
$1,130,000
  • 8 Beds
  • - Baths
  • 5,338 sq. ft.
  • Multi-family
  • Active
Listed by: nick gray
Office: gray property group, llc.603-637-4812
MLS#:5092356
Source:PrimeMLS

Price summary

  • Price:$1,130,000
  • Price per sq. ft.:$172.52

About this home

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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Home facts

  • Year built:1885
  • Listing ID #:5092356
  • Added:102 day(s) ago
  • Updated:September 13, 2026 at 11:07 AM

Rooms and interior

  • Bedrooms:8
  • Basement Description:Concrete Floor, Dirt Floor, Walkout
  • Living area:5,338 sq. ft.

Heating and cooling

  • Heating:Gravity, Hot Water

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1885
  • Building area:5,338 sq. ft.
  • Lot area:0.08 Acres
  • Levels:2.5 Story

Utilities

  • Sewer:Public Available

Finances and disclosures

  • Price:$1,130,000
  • Price per sq. ft.:$172.52

Parking

  • Parking description:Paved Driveway
MLS LogoCopyright 2026 Prime MLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated September 13, 2026 NH_NNEREN Member Broker: Janet McLennan

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