Laconia Multi-Family Investment
43 High Street, Laconia, NH 03246
Multi-Family - Laconia, NH
Property size:
2,621 SFLot size:
0.36 AcresPrice / SF:
$171/SF- Added:
- Mar 2, 2026
- Days on Market:
- 75
- Last Refresh:
- May 16 at 4:06 pm
Property Features for 43 High Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RG
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking
- 2
- Parking features
- Garage, Paved or Surfaced
- Basement Y/N
- 1
- Appliances
- Range, Refrigerator
- Standard status
- Active Under Contract
- Size
- 2,621 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5200
Utilities
- Heating system
- Heat Pump (Heating), Hot Water (Heating)
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Laminate
- Roof type
- Metal
- Architectural style
- Other
Listing agent Nancy Williams (603) 279-7046
Listing office Roche Realty Group 97 Daniel Webster Hwy, Meredith, NH (603) 279-7046
Listing date Mar 2, 2026
MLS# 5077949
Listing URL
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.
HighLights
- Prime location directly across from Lakes Region Hospital and walking distance to downtown Laconia.
- Completely renovated lower unit (Unit 2) with new wiring, modern updates, walk‑in pantry, and in‑unit washer & dryer.
- Newer natural gas furnace, radiator, and hot water heater in upper unit (Unit 1).
- Efficient heating in lower unit (Unit 2) via a 4‑head Hyper‑Heat system with individual room controls.
- Two‑unit multifamily property offering investment or owner‑occupant potential with a good current tenant.
- Includes a 2‑car garage with power and loft areas, plus a 5‑person hot tub.
Overview
Located in the heart of Laconia, this two-unit multifamily property presents an investment opportunity. The property is situated directly across from the Lakes Region Hospital and within walking distance of downtown shops, restaurants, and amenities. Unit 1, located on the upper level, features 2 bedrooms plus an office, a spacious living room, and an eat-in kitchen. Upgrades include a new natural gas furnace, radiator, and hot water heater, along with newer laminate flooring and some bathroom updates. The lower unit has been completely renovated with new wiring and updates throughout. This unit offers 2 bedrooms, a living room, an eat-in kitchen with a dedicated dining area, a 3/4 bath, a walk-in pantry, and a washer & dryer. A porch is accessible directly from the living room. Heating is provided by a 4-head Hyper-Heat system with individual room controls, and ceiling fans are installed in every room. The tenant pays for heat, electricity, and hot water. Additional features include a 2-car garage with power and two loft areas, plus a small deck off the garage complete with a 5-person hot tub wired for 220V service. The yard has been cleared to create a generous flat area and a dog run. Crushed stone surrounds the home for drainage, and the exterior has vinyl siding for low maintenance. The property, zoned RG, sits on a 0.36-acre lot. The building size is 2621 square feet. There is ample parking available. This property is a strong owner-occupant or investment opportunity in a desirable location.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$424.9K
NOI $38,242 @ 9.00% cap · cautious / downside scenario
Moderate
$546.3K
NOI $38,242 @ 7.00% cap · market / base-case scenario
Aggressive
$764.8K
NOI $38,242 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.6k | $21.60 |
| − Vacancy | −$2.0k | −$0.76 |
| EGI | $54.6k | $20.84 |
| − OpEx | −$16.4k | −$6.25 |
| NOI | $38.2k | $14.59 |
2,621 SF · lease $21.60/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$546.3K
$478.0K – $637.4K
NOI $38,242 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$502.4K
$439.6K – $586.1K
NOI $35,165 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$623.3K
$545.4K – $727.2K
NOI $43,630 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Laconia
- County
- Belknap
- State
- New Hampshire
- Longitude
- -71.46475
- Latitude
- 43.5276932
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit property near downtown Laconia and Lakes Region Hospital.
Where is this duplex located?
The property is located at 43 High Street Laconia, NH.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Prime location directly across from Lakes Region Hospital and walking distance to downtown Laconia.; **Completely renovated lower unit (Unit 2) with new wiring, modern updates, walk‑in pantry, and in‑unit washer & dryer.**; Newer natural gas furnace, radiator, and hot water heater in upper unit (Unit 1).
