Laconia, NH

1073 Union Avenue

$599,000

MLS# 5076532

61 days on market
2,656 Sq Ft
$226 $/Sq Ft
0.31 acres Lot
1887 Built

Investment Summary

Units
3
Multi-Family
Price / Unit
$199,666.67
Tax / Unit
$2,250.33/yr
$6,751 total
Cap Rate
6.1%
NOI / Price
GRM
8.6x
Gross Rent Multiplier
Gross Income
$69,600/yr
NOI
$36,599/yr
Zoning: Urban Commercial

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Description

This Property features a three-unit multi-family residence, complemented by a detached commercial building w/ a four-bay garage with two distinct entry points, a second story attic, and barn storage. The residential units benefit from ample off-street parking and views of Paugus Bay. The commercial building offers strong visibility and signage on Union Ave, with an estimated 15,000 to 20,000 vehicles passing daily, a figure that increases during the peak seasons. This property is offered as a standalone investment or part of a portfolio comprising 51 units in Laconia - The existing property manager is willing to remain as manager for the new owner.

Features

Heating

Oil

Cooling

None

Parking

Direct Access
Detached
Driveway

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Financial

Annual Taxes
$6,751

Location

Listing History

This property was listed at $550,000 on Feb 13, 2026. The price has increased by $49,000 from the original $550,000. It has been on the market for 61 days.

Multi-Family · NH-Belknap County · Listed Feb 13, 2026

About Laconia, NH

Laconia is the largest city in the Lakes Region, offering a mix of urban amenities and lakefront living. Weirs Beach, the region's most famous beach, is within city limits. Home to Motorcycle Week (the oldest rally in the US) and a revitalizing downtown with craft breweries and restaurants.

Weirs Beach boardwalk & arcades
Laconia Motorcycle Week (est. 1916)
WinnAero aviation education at airport
Opechee Park & beach
Lakes Region General Hospital
Drive-in movie theater at Weirs
County: Belknap
Population: ~17,000
Schools: Laconia (SAU 30)

Distances are approximate. Click any destination for driving directions. NH has no state income tax or sales tax.

Recently Sold in Laconia

AddressSold PriceSold
51 Academy Street$650,000Apr 10, 2026
257 Weirs Boulevard$521,000Apr 10, 2026
56 Harvard Street$550,000Apr 10, 2026
17 Arch Street$359,000Apr 8, 2026
48 Landing Lane$292,000Apr 6, 2026
117 Logan Drive$250,000Apr 6, 2026

Closed sales in the past 12 months. Data from PrimeMLS.

$599,000

Active Listing

Sq Ft2,656
$/Sq Ft$226
Lot0.31 acres
Built1887
Listing courtesy of Waterfield Realty & Management LLC · Pamela Hughes · 781-777-3259
PrimeMLS

Listing information provided by PrimeMLS for personal, non-commercial use. Data deemed reliable but not guaranteed. © 2026 PrimeMLS, Inc.