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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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261 Union Ave , Laconia, NH 03264
$1,130,000
Est. Payment: $5,837.51/mo
8 Bed
1 Bath
5338 Sqft
Status: active | Days on site: 27
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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.

Highlights

Listed by Nick Gray , 603-637-4812 Gray Property Group, LLC , 603-637-4812. PrimeMLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.08

Year Built

1885

County

Belknap

Listing ID

5092356

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:1
  • Full Bathrooms:
  • 1/4 Bathrooms:1
Above Ground Sq Ft:5338
Basement:Yes,Concrete Floor,Dirt Floor

Exterior Features

Lot:Existing
Zoning:UC
Roof:Asphalt Shingle
Sewer:Public
Principal Interest
$5,838
Taxes
$720

Home Price

$1,130,000

Loan Details

30 yrs
6.707%

Down Payment

20%
$226,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,837.51

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,837.51 $720.38 $0.00 $6,557.89
Yearly $70,050.13 $8,644.50 $0.00 $78,694.63
Total $2,101,503.98 $259,335.00 $0.00 $2,360,838.98

Today's Rates

30 Year

6.71%

20 Year

6.25%

15 Year

5.98%

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Market insight data is pulled from the same city as the listing being viewed (Laconia, NH).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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 August 2, 2026 5:45am

Data last updated: 2026-08-02T09:45:04.200Z

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