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+16033617330
REEN USA
22 West St, Laconia, NH 03246
- $600,000
- 4,342
- SqFt
Listing courtesy of Keegan Rice from Badger Peabody & Smith Realty. (Cell: 603-348-7261)
Listing sold by from Coldwell Banker Classic Realty
- Sold Price
- $600,000
- List Price
- $590,000
- Status
- CLOSED
- MLS#
- 5094019
- Closing Date
- Jul 15, 2026
- Living Area
- 4,342
- Lot Size
- 20,473
- Acres
- 0.47
- Year Built
- 1920
Property Description
***Group showings for Saturday and Sunday have been cancelled*** Turnkey 6-unit multifamily in the heart of Laconia's Lakes Region: two buildings on a 0.47-acre in-town lot, steps from Memorial Park and a short stroll to Lake Winnisquam. Extensively improved and meticulously maintained, with a new boiler, upgraded flooring, fresh paint, and renovated baths already done for the next owner. All units are currently occupied. The four-unit building offers two spacious 3-bedroom homes plus two 1-bedrooms; a separate two-unit cottage adds a 1-bed and a 2-bed. Unit mix: three 1BR, one 2BR, and two 3BR. Strong in-place numbers with real upside. Contract rents total $96,916/year against a recast NOI near $50,463, about an 8.55% cap at list price, with pro forma approaching 9.4% as rents stabilize. Four of six units are currently landlord-paid for heat, hot water, and electricity, offering a clear path to expense recovery and added income. Unbeatable location: walk to the ballfields, tennis, and open green space at Memorial Park, enjoy nearby lake access, and reach downtown Laconia's shops and dining in minutes. Central to Tilton, I-93, and the broader Lakes Region and its deep year-round and seasonal rental demand. On-site parking and storage shed included. A rare blend of condition, cash flow, and an excellent setting. Ideal for investors seeking stable income with built-in upside. Offering memorandum with financials and unit floor plans available.
Additional Information
- Taxes
- $7,291
- Listing Agent
- Keegan Rice
- Listing Office
- Badger Peabody & Smith Realty
- Style
- Multi-Family
- Exterior Features
- Covered Porch, Shed
- Electric
- Service - 201 to 600 Amps
- Utilities
- Cable Available
- Basement
- Concrete
- Foundation
- Concrete, Stone
- Sewer
- Public Sewer
- Roof
- Shingle
- Zoning
- RG
- Water
- Public
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