Ranch Duplex with Updated
For Sale
$525,000
1090 Main Street, Laconia, NH 03246
Multi-Family, Laconia, NH
Property Size2,653 SF
Lot Size1.86 Acres
Price / SF$197.89
Days on Market128
Property Features for 1090 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
residential
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Basement, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1
Parking features
Open, Driveway, Off Street, Garage
Patio and Porch features
Porch, Deck
Exterior features
Deck, Outbuilding, Porch
Appliances
On Demand Water Heater
Lot features
Country Setting, Landscaped, Level, Major Road Frontage
Elementary school
Pleasant Street Elementary Sch
Middle school
Laconia Middle School
High school
Laconia High School
Elementary school district
Laconia Sch Dst SAU #30
Middle school district
Laconia Sch Dst SAU #30
High school district
Laconia Sch Dst SAU #30
Directions
From Downtown Laconia, North on Route 106, the property is on the Left pass Opechee Park.
Standard status
Active
Size
2,653 SF
Lot size
1.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5855
Utilities
Utilities
Cable Available
Heating system
Hot Water(Heating), Oil, Baseboard
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Hardwood
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Ranch
Additional Structures
Outbuilding
Listing Agency:
Coldwell Banker Realty Gilford NH · Coldwell Banker Real Estate
(603) 524-2255
Listed By:
Brenda Rowan
(603) 393-7713
Added: May 1
Changed: Sep 4
Last Checked: Sep 5 at 10:06AM
MLS# 5086582
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,653-square-foot ranch duplex sits on 1.86 acres and was built in 1952. The property includes four bedrooms, three bathrooms, a basement, hardwood and vinyl flooring, and wood-frame construction. Kitchens and bathrooms have been updated, while newer windows and a newer shingle roof contribute to the property's current condition.
Outdoor features include a deck, porch, and outbuilding. Parking is provided by a garage, driveway, and additional off-street and open spaces. The property is served by public water and sewer, with baseboard and hot-water heating supported by oil and an on-demand water heater. Located at 1090 Main Street in Laconia, New Hampshire, the property also offers cable availability.
Outdoor features include a deck, porch, and outbuilding. Parking is provided by a garage, driveway, and additional off-street and open spaces. The property is served by public water and sewer, with baseboard and hot-water heating supported by oil and an on-demand water heater. Located at 1090 Main Street in Laconia, New Hampshire, the property also offers cable availability.
Key Highlights
- 2,653‑square‑foot ranch duplex on 1.86 acres
- Four bedrooms, three bathrooms, and a basement
- Updated kitchens and bathrooms with newer windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,709
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$774,180
$774.2K
Cap Rate 7%
$552,986
$553.0K
Cap Rate 9%
$430,100
$430.1K
Market Conditions
NOI Build-Up for 2,653 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.3K $21.60/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$55.3K $20.84/SF
− OpEx
−$16.6K −$6.25/SF
NOI
$38.7K $14.59/SF
Area
Belknap County, NH
Vacancy
3.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$774,180
Cap Rate 7%
$552,986
Cap Rate 9%
$430,100
Alternative Uses
Best Use
Multifamily LT 5
$553.0K
$483.9K – $645.2K
NOI $38,709 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$508.5K
$444.9K – $593.2K
NOI $35,594 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$630.9K
$552.0K – $736.1K
NOI $44,163 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 03246, NH
16,905
Population
10,426
Households
1.6
Avg Household Size
47
Median Age
25%
College-Educated
93%
High-School Grad
19.9 sq mi
ZIP Area
849
Density / Sq Mi
$68,407
Median Household Income
$40,504
Median Earnings
$1,180
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Maintained residential income property with refreshed kitchens and baths, newer windows, and public water and sewer service.
Where is this duplex located?
The property is located at 1090 Main Street Laconia, NH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,653‑square‑foot ranch duplex on 1.86 acres; Four bedrooms, three bathrooms, and a basement; Updated kitchens and bathrooms with newer windows
