Description
Exceptional investment opportunity (8%+ ROI) in the heart of Laconia. This five-unit multifamily property offers a diverse mix of apartments ranging from a spacious four-bedroom unit to a studio, providing broad tenant appeal and excellent rental flexibility. Ideally situated on a quiet side street, the property is within walking distance of downtown Laconia, shopping, restaurants, schools, parks, and everyday conveniences. One of its most attractive features is its proximity to the public beach on beautiful Lake Opechee, allowing tenants to enjoy swimming, kayaking, fishing, and lakeside relaxation just a short stroll from home. The varied unit mix appeals to a wide range of tenants, from individuals and couples to larger households, helping support strong occupancy and long-term investment performance. Located in the heart of New Hampshire's Lakes Region, the property offers convenient access to area recreation, employment, and services while maintaining a neighborhood feel. Property Highlights: Five-unit multifamily propertyApartment sizes ranging from studio to four-bedroomWalking distance to downtown LaconiaShort walk to the public beach on Lake OpecheeClose to shopping, restaurants, schools, and parksStrong tenant appeal with diverse unit mixExcellent Lakes Region investment opportunity "A rare opportunity to own a versatile multifamily property in a convenient in-town location, with the added benefit of nearby lake access and all that the Lakes Region has to offer."
Details
| MLS # | 5092535 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1887 |
| Days On Site | 112 |
| Listing Provided By | RE/MAX Innovative Bayside | Jim Miller |
Features
| Garage | 1 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 5 |
| Zoning | RS |
| Acreage | 0.46 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | Individual |
| Heating | Hot Water |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Construction Materials | Wood Frame |
| Foundation Details | Brick/Mortar, Stone, Block w/ Skim Coating |
| Lot Features | City Lot, Corner Lot, Neighborhood, Beach Access, Near School(s) |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Utilities | Cable Connected, Phone Connected |
|---|---|
| Electric | Circuit Breakers |
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 7264 |
|---|---|
| Tax Block | 133 |
| Tax Lot | 18 |
| Tax Year | 2025 |
Area Information
| State | NH |
|---|---|
| County | Belknap |
| City | Laconia |
| Zip Code | 03246 |
| Area | NH Belknap |
| School District | Laconia Sch Dst SAU #30 |
| Elementary School | Pleasant Street Elementary Sch |
| High School | Laconia High School |
| Listing VS Median (in 03246) | |
Price: $975,000 low | high Med: $1,920,000 On site: 112 low | high Med: 464 | |
Market Activity 03246
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Learn More About This Property
| State | NH |
|---|---|
| County | Belknap |
| City | Laconia |
| Zip Code | 03246 |
| Area | NH Belknap |
| School District | Laconia Sch Dst SAU #30 |
| Elementary School | Pleasant Street Elementary Sch |
| High School | Laconia High School |
| Listing VS Median (in 03246) | |
Price: $975,000 low | high Med: $1,920,000 On site: 112 low | high Med: 464 | |
