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Listing courtesy of PRIME_MLS / Nick Gray / Gray Property Group, LLC

261 Union

Laconia, NH 03264

– beds
– baths
5,338 sqft
3,485 sqft lot
$243 per sqft
1885 build
– on site

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. The seller will deliver the property fully occupied and rents are terrific with a median residential rent of $1,500/unit/month and commercial rent of $1,500/month. In total, the property generates ~$160K in gross revenue and ~$111K per year in NOI, corresponding to a 8.5% 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. Delayed showings will begin on Saturday, November 16th.

Listing courtesy of PRIME_MLS / Nick Gray / Gray Property Group, LLC

Last checked: Checking… • Last updated Nov 21, 2024 •

MLS# 5021561 —

The Building

Year Built:

1885
Pre-Construction:

No
Construction Status:

Existing
Construction Materials:

Wood Frame, Vinyl Siding
Architectural Style:

Apartment Building
Roof:

Shingle - Asphalt
Foundation:

Brick, Granite, Stone
Total Stories:

2.5
Total Units:

9
Approx SqFt Total:

6550
Approx SqFt Total Finished:

5,338 Sqft
Approx SqFt Finished Above Grade:

5,338 Sqft
Approx SqFt Finished Below Grade:

0 Sqft
Approx SqFt Unfinished Below Grade:

1212
Approx SqFt Unfinished Building Source:

Public Records
Approx SqFt Finished Above Grade Source:

Public Records

Interior

Basement:

Yes
Basement Description:

Concrete Floor, Dirt Floor
Basement Access Type:

Walkout
Room 5 Type:

Month to Month

Room Dimensions

Room 1 Dimensions:

0 Sqft
Room 2 Dimensions:

0 Sqft
Room 4 Dimensions:

0 Sqft
Room 6 Dimensions:

0 Sqft
Room 8 Dimensions:

0 Sqft
Room 9 Dimensions:

0 Sqft
Room 11 Dimensions:

0 Sqft
Room 13 Dimensions:

0 Sqft
Room 21 Dimensions:

Unit 5

Location

Map:

426
Latitude:

43.531826916869726
Longitude:

-71.463736635581952

The Property

Property Class:

Multi-Family
Seasonal:

No
Lot:

37
Lot SqFt:

3,485 Sqft
Lot Acres:

0 Sqft
Zoning:

UC
Driveway:

Paved
Flood Zone:

Yes
Lot Features:

Level

Listing Agent

Contact info:

Taxes

Taxes TBD:

Unknown

Beds

Bedrooms - Level 1:

1

Baths

Full Baths Size:

0 Sqft
Three Quarter Baths Size:

0 Sqft
Quarter Baths:

1
Unit 1 Baths:

1
Unit 2 Baths:

1

The Listing

Price Per SqFt:

243.35
Foreclosed/Bank-Owned/REO:

No

Heating & Cooling

Heating:

Natural Gas, Gravity, Hot Water

Utilities

Utilities:

Cable
Sewer:

Public
Electric:

100 Amp
Water Source:

Public

The Community

Condo Name:

Monthly
Marina Name:

Monthly
Covenants:

No

Extra Units

Unit 1 Bedrooms:

1
Unit 2 Bedrooms:

1
Unit 3 Bedrooms:

1
Unit 3 Baths:

1
Unit 4 Bedrooms:

1
Unit 4 Baths:

1
Unit 5 Bedrooms:

1
Unit 5 Baths:

1
Unit 6 Bedrooms:

1
Unit 6 Baths:

1
Unit 8 Baths:

1
Unit 8 Bedrooms:

1

Explore the Area

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Walk Score®

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Bike Score®

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Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/8/24 Nov 8, 2024	Listed / Active	PRIME_MLS	$1,299,000	73.2% (25.6% / YR)
12/29/21 Dec 29, 2021		PRIME_MLS	$750,000	-11.7%
11/3/21 Nov 3, 2021		PRIME_MLS	$849,000

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This multifamily located in Laconia, NH 03264 is currently for sale for $1,299,000. 261 Union is a 5,338 square foot multifamily with – beds and – baths that has been on Estately for 15 days. This multifamily is in the attendance area of Laconia Middle School and Laconia High School.

Listing Courtesy of: PRIME_MLS and Gray Property Group, LLC.

Copyright 2024 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.