- beds
- 8
- baths
- 8
- sq ft
- 5,338
- Built
- 1885
261 Union Avenue
Laconia, NH 03264
Residential Income · Active · MLS #5092356
Listing Courtesy of Gray Property Group, LLC | Nick Gray
The home
About this home
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.
Property information
Details at a glance
Interior3 property facts
- Rooms
- 1
- Heating
- Gravity, Hot Water, Natural Gas
- Cooling
- None
Building5 property facts
- Style
- Multi Family
- Year built
- 1885
- Parking
- 1
- Foundation
- Brick/Mortar, Stone
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.08 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- UC
Financial2 property facts
- Annual taxes
- $1,560
- Assessment year
- 1
Plan your purchase
Estimated monthly cost
Explore costs at the $1,130,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$5,844 / monthAdjust
- Principal & interest
- $5,714
- Property tax
- $130
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $1,560. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Listing history
Price and status timeline
No additional listing history is available for public display.
Compare with confidence
Price & market context
See how this home compares with active listings in Laconia.
| Metric | This home | Local listings |
|---|---|---|
| List price | $1,130,000 | $779,00045% above local |
| Price / sq ft | $212 | $24012% below local |
| Days on market | 27 | 4236% below local |
Active city listing statistics from PrimeMLS as of September 12, 2026. Asking prices are not completed-sale values.
Keep exploring
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Common questions
About 261 Union Avenue
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Request a tour of 261 Union Avenue and a Bean Group agent will help coordinate an available time with the listing side.
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