Invest in the Lakes Region
Commercial, multi-family, and income properties in one of New England's most sought-after markets. Local expertise from Wolfeboro's oldest real estate firm.
Commercial & Multi-Family On the Map
Why the Lakes Region?
New Hampshire's Lakes Region combines natural scarcity with growing demand — a combination that has driven steady appreciation for decades. No state income tax and no sales tax make NH particularly attractive for investors.
Intense Peak Season
The summer rental season — roughly 4th of July through mid-August — drives intense demand. Well-positioned properties book their peak weeks months in advance.
Limited Waterfront Supply
There will never be more lakefront. Strict shoreline regulations and limited buildable lots make existing waterfront properties an increasingly scarce asset.
No State Income Tax
New Hampshire has no state income tax, no capital gains tax, and no sales tax. For investors from MA, CT, or NY, that means more of your rental income and eventual sale proceeds stay with you.
Thinking About a 1031 Exchange?
New Hampshire has no state income tax and no state capital gains tax — making it one of the best states to exchange into. Whether you're selling a rental in Massachusetts or a commercial building in Connecticut, we can help you find the right replacement property in the Lakes Region.
Read Our 1031 Exchange GuideYear-Round Income in Lake Country
The Lakes Region's multi-family market runs on year-round demand — not just summer tourism. Towns like Laconia and Meredith have waitlists for year-round apartments, driven by a permanent population, hospitality workers, and ski-season tenants. Duplexes and triplexes in walkable lake towns like Wolfeboro start around $400K. Small apartment buildings (4–10 units) in Belmont, Gilford, and Laconia offer higher unit counts at lower per-door costs.
Most of our multi-family investors are out-of-state. Local property management companies handle tenant placement, maintenance, and rent collection for 8–10% of collected rent. We can connect you with established managers who know the area.
An out-of-state investor sells a rental condo in Massachusetts for $420K. Instead of paying federal and state capital gains, they 1031 into a triplex in Laconia for $450K, adding a small amount of cash at closing. The building has three year-round tenants and a waiting list. Gross rents cover the mortgage, taxes, and insurance with room left over. A local property manager handles everything for 8–10% of collected rent. The investor never takes a maintenance call — and New Hampshire charges no state income tax on the rental income.
This is an illustrative example, not a guarantee of specific outcomes.
Main Street Meets the Lake
Downtown Wolfeboro, Meredith, and Laconia have something most resort areas don't: tight historic zoning and very limited commercial inventory. Mixed-use buildings — retail or restaurant on the ground floor, apartments above — are the most sought-after format. They generate income in both seasons: year-round residential above, seasonal retail surges below.
You'll also find standalone retail, small office buildings, marinas, and storage facilities. Inventory turns over slowly. When a good commercial property hits the market in a lake town, it tends to move quickly.
An investor in Connecticut sells a small commercial building for $650K with $200K in gains. Between federal capital gains, depreciation recapture, and CT state tax, the tax bill would be close to $80K. Instead, they 1031 into a mixed-use property in Wolfeboro's downtown — retail tenants on the ground floor, residential above. New Hampshire charges no state income tax on the rental income. The $80K they would have paid in taxes is now working for them inside the property.
This is an illustrative example, not a guarantee of specific outcomes.
A Lifestyle That Builds Wealth
Let's be direct: you don't buy a house on Winnipesaukee for cash flow. The peak rental season runs roughly six weeks — 4th of July through mid-August — and while weekly rates are strong ($3,000–5,000+ for a well-maintained 3-bedroom with a dock), the season is too short to cover the full cost of owning a waterfront home. This is not a cash-flow investment, and we won't tell you otherwise.
What waterfront does offer is something no other investment can: a finite, appreciating asset that your family actually uses. There are a fixed number of waterfront lots on the lake, and they aren't making more shoreline. Strict regulations limit new construction. Demand from buyers across New England has been steady for decades. You're buying a lifestyle and building equity at the same time.
Most of our waterfront owners rent 4–6 summer weeks and keep the rest for personal use, plus unlimited off-season access. Through our Saturday-to-Saturday rental program, that income can meaningfully offset carrying costs — especially property taxes. We handle everything: marketing, booking, cleaning, guest management. Our commission is typically 15% of rental income.
A family buys a three-bedroom waterfront home on Winnipesaukee. They use it themselves for three weeks each summer and rent 4 peak weeks at $3,500–5,000/week through our Saturday-to-Saturday program. That's roughly $15–20K in gross rental income — enough to cover property taxes and a meaningful share of other carrying costs. It won't pay the mortgage, but it makes owning the house substantially more affordable. Meanwhile, waterfront values on Winnipesaukee have appreciated steadily, the family has a lake house they actually use, and New Hampshire's lack of state income tax means more of that rental income stays with them.
This is an illustrative example, not a guarantee of specific outcomes.
Commercial & Multi-Family For Sale
14 multi-family · 81 commercial in the Lakes Region
25 Country Club Road
Gilford, NH
Listed by Legacy Group/ Real Broker NH, LLC
95 Lake Street
Gilford, NH
3.6 ac
Listed by Coldwell Banker Realty Gilford NH
7 Elliott Street
Laconia, NH
2 units | 2,195 sqft | 0.1 ac
Listed by REAL Broker NH, LLC
138 New Hampshire Route 175A Highway
Holderness, NH
1.1 ac
Listed by EXP Realty
1350 Whittier Highway
Moultonborough, NH
6.0 ac
Listed by BHHS Verani Moultonborough
291 N Endicott Street
Laconia, NH
3.0 ac
Listed by KW Coastal and Lakes & Mountains Realty/Meredith
291 N Endicott Street
Laconia, NH
22 units | 9,246 sqft | 3.0 ac
Listed by KW Coastal and Lakes & Mountains Realty/Meredith
329 Daniel Webster Highway
Meredith, NH
1.3 ac
Listed by KW Coastal and Lakes & Mountains Realty/Meredith
81 Whittier Highway
Moultonborough, NH
3.9 ac
Listed by KW Coastal and Lakes & Mountains Realty/Dover
14 Summer Street
Laconia, NH
4 units | 1,932 sqft | 0.2 ac
Listed by Derek Greene
25 Country Club Road
Gilford, NH
Listed by RE/MAX Synergy
29 Mill Street
Wolfeboro, NH
Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro
Listing data provided by PrimeMLS. Copyright 2026 PrimeMLS, Inc. All rights reserved.
Your Guide to Lakes Region Investment
Geordy Hutchinson has spent over 30 years building, renovating, and managing properties across the Lakes Region. As owner of Yankee Pedlar, he brings firsthand knowledge of local zoning, building codes, septic requirements, and the nuances of waterfront regulations.
Whether you're evaluating a multi-family conversion, a commercial storefront in downtown Wolfeboro, or a 1031 exchange into lakefront income property, Geordy can walk you through what the numbers actually look like — and what to watch out for.
Geordy Hutchinson
30+ years in Lakes Region construction, renovation, and real estate
Schedule a Consultation
Whether you have a specific property in mind or want to explore what's available, we're happy to have a conversation about investment opportunities in the Lakes Region.