BEDS8
BATHS8 full
SQUARE FEET5,338
MLS#5092356
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Listing Courtesy of:
Gray Property Group, LLC
Agency Phone: 603-637-4812
Associate Name: Nick Gray
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Concrete Floor, Dirt Floor
Cooling: None
Heating: Natural Gas, Gravity, Hot Water
Home Style: Apartment Building
Lot Size: 0.08 Acres
Roof Type: Asphalt Shingle
Stories: 2.5
Year Built: 1885
Units
Unit 1:
Bathroom(s): 1
Bedrooms: 1
Rent: $1300.00
Unit 2:
Bathroom(s): 1
Bedrooms: 1
Rent: $1560.00
Unit 3:
Bathroom(s): 1
Bedrooms: 1
Rent: $1300.00
Unit 4:
Bathroom(s): 1
Bedrooms: 1
Rent: $1500.00
Unit 5:
Bathroom(s): 1
Bedrooms: 1
Rent: $1300.00
Unit 6:
Bathroom(s): 1
Bedrooms: 1
Rent: $1500.00
Unit 7:
Bathroom(s): 1
Bedrooms: 1
Rent: $1500.00
Unit 8:
Bathroom(s): 1
Bedrooms: 1
Rent: $1500.00
Feature Descriptions
Color: Blue
Construction: Wood Frame, Vinyl Siding
Construction Status: Existing
Days on Site: 1
Driveway: Paved
Driveway: Paved
Electric: 100 Amp Service
Exterior: Wood Frame, Vinyl Siding
Flood Zone: Yes
Foundation: Brick, Granite, Stone
Foundation: Brick, Granite, Stone
Lot: Level
Roads: Public
Sewer: Public
Sq. Ft. Total Finished: 5338
Total Stories: 2.5
Units: 9
Water: Public
Zoning: UC
Listed By / Shown By
Listed By
Agency Name: Gray Property Group, LLC
Agent Name: Nick Gray
Agency Phone: 603-637-4812
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 2,844.47 per month $2,514.89 Principal & Interest $0.00 Property Tax (data not provided by mls) $329.58 Homeowner's Insurance
Listing data compilation and photo(s) 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 2026-06-03 15:58:01 
261 Union Avenue | MLS# 5092356
This multi-family property located at 261 Union Avenue, Laconia, NH 03264 is currently listed for sale with an asking price of $1,130,000. Search Laconia real estate on www.masiellogrouprealestate.com today.