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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Basic Information

StatusACT
List Price$1,130,000
Date Price Change06/02/2026
MLS Number5092356
MLS StatusActive

Property

Acreage0.08
GarageNo
Parking Spaces
Lot DescriptionLevel
Lot37
Square Feet5,338
APX Fin AG Sqft5,338
RoadsPublic
AreaNH-Belknap

Amenities

PricePerSqFt211.69

Location

TownLaconia
StateNH
Zip03264
CountyBelknap
ZoningUC
Address261 Union Avenue
Flood Zone Y/NYes

Exterior

RoofAsphalt Shingle
Exterior ColorBlue

Utilities

Heat SystemNatural Gas, Gravity, Hot Water
WaterPublic
Electric100 Amp Service
SewerPublic
UtilitiesCable

Other

Seasonal Y/NNo
Date Listed06/02/2026
Unit 1 Deposit$1,300
Unit 2 Rent Amount$1,560
Unit 3 Rent Amount$1,300
Unit 4 Rent amount$1,500
Unit 5 Rent amount$1,300
Unit 7 Rent amount$1,500
Unit 8 Rent amount$1,500

Building

Year Built1885
Building ConstructionWood Frame, Vinyl Siding
StyleApartment Building
Units9
Unit 1 Bath1
Unit 1 Bedrooms1
Unit 2 Bath1
Unit 2 Bedrooms1
Unit 3 Bath1
Unit 3 Bedrooms1
Unit 4 Bath1
Unit 5 Baths1
Unit 5 Bedrooms1
Unit 6 Baths1
Unit 6 Bedrooms1
Unit 7 Baths1
# of 1 Bedrooms8
Unit 7 Bedrooms1
Unit 8 Baths1
Unit 8 Bedrooms1
Bathroom8
Total Baths8
BasementConcrete Floor, Dirt Floor
FoundationBrick, Granite, Stone

Copyright 2026 PrimeMLS, Inc. All rights reserved. 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 June 3, 2026 7:54 AM EDT

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261 Union AvenueLaconia, NH 03264MLS Number 5092356

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