Multi-Family for Sale: 261 Union Avenue, Laconia, NH 03264

8 beds
5,338 sqft
$1,230,000
$1,230,000
261 Union Avenue, Laconia, NH 03264
8 beds
5,338 sqft
$1,230,000
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Price:
$1,230,000
$69,000 - 12/06/2024
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Style Apartment Building
Beds 8
Square Feet 5,338 sqft
Lot Size 0.08 acres
Year Built 1885
City Laconia
County Belknap
MLS 5021561
Status Active
DOM 48 days
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 ~$161K in gross revenue and ~$112K per year in NOI, corresponding to a 9.0% 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.

Lot & Building Features

Utilities Cable
Construction Vinyl Siding, Wood Frame
Cooling None
Heating Gravity, Natural Gas, Hot Water
Sewer Public
Water Public
Basement Description Concrete Floor, Dirt Floor
Foundation Brick, Stone, Granite
Lot Description Level
Roof Shingle - Asphalt
Garage No

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 1 Lease Term Annual
Unit 1 Level Number Unit 0
Unit 1 Rental Amount 1500.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Lease Term Month to Month
Unit 2 Level Number Unit 1
Unit 2 Rental Amount 1560.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Month to Month
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Lease Term Month to Month
Unit 3 Level Number Unit 2
Unit 3 Rental Amount 1300.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Status Month to Month
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Lease Term Annual
Unit 4 Level Number Unit 3
Unit 4 Rental Amount 1560.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Status Leased
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 5 Lease Term Annual
Unit 5 Level Number Unit 4
Unit 5 Rental Amount 1530.00
Unit 5 Rental Amt Freq Monthly
Unit 5 Status Leased
Unit 6 Baths 1
Unit 6 Bedrooms 1
Unit 6 Lease Term Annual
Unit 6 Level Number Unit 5
Unit 6 Rental Amount 1500.00
Unit 6 Rental Amt Freq Monthly
Unit 6 Status Leased
Unit 7 Baths 1
Unit 7 Bedrooms 1
Unit 7 Lease Term Annual
Unit 7 Level Number Unit 6
Unit 7 Rental Amount 1500.00
Unit 7 Rental Amt Freq Monthly
Unit 7 Status Month to Month
Unit 8 Baths 1
Unit 8 Bedrooms 1
Unit 8 Lease Term Month to Month
Unit 8 Level Number Unit 7
Unit 8 Rental Amount 1500.00
Unit 8 Rental Amt Freq Monthly
Unit 8 Status Month to Month

Price History of 261 Union Avenue

Date Name Price Difference
12/06/2024 Price Adjustment $1,230,000 5.31%
11/08/2024 Listing Price $1,299,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 261 Union Avenue, Laconia, NH

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Photo of Patrick Carey
Direct: 603-583-1000
Office
240 Ocean Blvd
Seabrook Beach, NH 03874
603-474-3401
Listed by Gray Property Group, LLC, Nick Gray
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261 Union Avenue (MLS #5021561) is a multi-family listing located in Laconia, NH. This multi-family listing is 5,338 sqft and on a lot of 3,485 sqft (or 0.08 acres) and is 139 years old. This property was listed on 11/08/2024 and has been priced for sale at $1,230,000.

Nearby zip codes are 02346, 03220, 03246, 03249 0000 and 03249. This property neighbors other cities such as Belmont, Gilford, Meredith, Sanbornton and Tilton.

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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: 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. Data last updated 12/26/2024