Listing Details

Laconia, NH 03264 261 Union Avenue

261 Union Avenue Laconia, NH - Image 1261 Union Avenue Laconia, NH - Image 2261 Union Avenue Laconia, NH - Image 3
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261 Union Avenue Laconia, NH - Image 4261 Union Avenue Laconia, NH - Image 5261 Union Avenue Laconia, NH - Image 6261 Union Avenue Laconia, NH - Image 7261 Union Avenue Laconia, NH - Image 8261 Union Avenue Laconia, NH - Image 9261 Union Avenue Laconia, NH - Image 10261 Union Avenue Laconia, NH - Image 11261 Union Avenue Laconia, NH - Image 12261 Union Avenue Laconia, NH - Image 13261 Union Avenue Laconia, NH - Image 14261 Union Avenue Laconia, NH - Image 15261 Union Avenue Laconia, NH - Image 16261 Union Avenue Laconia, NH - Image 17261 Union Avenue Laconia, NH - Image 18261 Union Avenue Laconia, NH - Image 19261 Union Avenue Laconia, NH - Image 20261 Union Avenue Laconia, NH - Image 21261 Union Avenue Laconia, NH - Image 22
Presented By: Nick Gray with Gray Property Group, LLC;
  • PrimeMLS - 85 - NH
  • MLS# 5092356
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Disclaimer: The information contained in this listing has not been verified by Halliday Real Estate and should be verified by the buyer.
  • Beds • 8
  • Baths • 8
  • SQFT • 5,338

Home Details

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.
Presented By: Nick Gray with Gray Property Group, LLC;

Interior Features for 261 Union Avenue

Bedrooms

Unit 1 Bedrooms1
Unit 3 Bedrooms1
Unit 2 Bedrooms1
Unit 6 Bedrooms1
Unit 5 Bedrooms1
Unit 7 Bedrooms1
Unit 8 Bedrooms1
Unit 4 Bedrooms1

Bathrooms

Unit 6 Baths1
Unit 5 Baths1
Unit 7 Baths1
Unit 8 Baths1

Other Interior Features

Unit 1 Lease TermAnnual
Unit 2 Lease TermAnnual
Unit 3 Lease TermAnnual
Unit 4 Lease TermAnnual
Unit 5 Lease TermAnnual
Unit 6 Lease TermAnnual
Unit 7 Lease TermAnnual
Unit 8 Lease TermAnnual
Unit 1 StatusLeased
Unit 2 StatusLeased
Unit 3 StatusLeased
Unit 4 StatusLeased
InternetCable Internet
Total Finished Area5338
Total 3+ BR Units
Total 2 BR Units
Total 1 BR Units8
Basement Access TypeWalkout
BasementYes
Basement DescriptionConcrete Floor, Dirt Floor
Total Number of Units9

General for 261 Union Avenue

Block220
CityLaconia
Construction MaterialsWood Frame, Vinyl Siding
CoolingNone
CovenantsNo
DOM108
Electric100 Amp Service
Flood ZoneYes
GarageNo
Gross Income155520
HeatingNatural Gas, Gravity, Hot Water
Last Updated06/29/2026 20:21:07
Net Income105836
Price Per Sq Ft Total AG211.69
Property ClassMulti-Family
Property ConditionExisting
Road FrontageTBD
RoofAsphalt Shingle
SeasonalNo
SewerPublic
Status Detail0
Stories Count2.5
StyleApartment Building
UtilitiesCable
Year Built1885
ZoningUC

Exterior for 261 Union Avenue

ColorBlue
DrivewayPaved
Foundation Brick, Granite, Stone
Lot37
Lot FeaturesLevel
Lot Size Area0.08
Lot Size Square Feet3485
Road Frontage TypePublic
SurveyedNo
Water SourcePublic

Additional Details

Price History

Sadie Halliday

REALTOR
Price $1,130,000
MLS#5092356
Property Type Multi-Family
Phone 603.660.2321
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