Renovated Duplex With Separate
For Sale
Under Contract
$425,000
7 Elliott Street, Laconia, NH 03246
MULTI_FAMILY - Other - Laconia, NH
Property Size2,195 SF
Lot Size0.13 Acres
Price / SF$193.62
Days on Market116
Property Features for 7 Elliott Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
UC
Rooms
Basement
Lot features
City Lot, Sloping, Steep
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
Standard status
Active Under Contract
Size
2,195 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3947
Utilities
Heating system
Oil, Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Building materials
Clapboard Exterior, Vinyl Exterior
Roof type
Shingle
Architectural style
Other
Listing Agency:
REAL Broker NH, LLC
(855) 450-0442
Listed By:
Bradley Roberts
(855) 450-0442
Added: Apr 7
Changed: Jul 12
Last Checked: Jul 31 at 4:06AM
MLS# 5082433
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 renovated duplex provides two separate residences with practical, tenant-friendly layouts. The first-floor unit offers two bedrooms and one bath, while the second-floor unit includes two bedrooms, a loft, and one bath for additional flexibility in how space can be used. Separate utilities are already in place, which can simplify day-to-day management. The property is set up to accommodate two new tenants, with each unit configured for comfortable in-town living.
Located at 7 Elliott Street in Laconia, the property is described as being within walking distance of local amenities, including a gym and Town Hall, and near Taco Bay. It is also noted as being steps from Concord Hospital Laconia, and walking distance to the new Social District. The listing further places the asset “just minutes” from Lake Winnipesaukee, Lake Opechee, and Lake Winnisquam.
For buyers seeking an owner-occupy or investor scenario, the unit mix supports a range of tenant needs, including the added loft space in the upper unit. Reported recent rents were $1,900 per month for the first-floor unit and $2,100 per month for the second-floor unit, reflecting the duplex’s income-generating design. Zoning is listed as UC, supporting its continued residential income use in an in-town setting.
Located at 7 Elliott Street in Laconia, the property is described as being within walking distance of local amenities, including a gym and Town Hall, and near Taco Bay. It is also noted as being steps from Concord Hospital Laconia, and walking distance to the new Social District. The listing further places the asset “just minutes” from Lake Winnipesaukee, Lake Opechee, and Lake Winnisquam.
For buyers seeking an owner-occupy or investor scenario, the unit mix supports a range of tenant needs, including the added loft space in the upper unit. Reported recent rents were $1,900 per month for the first-floor unit and $2,100 per month for the second-floor unit, reflecting the duplex’s income-generating design. Zoning is listed as UC, supporting its continued residential income use in an in-town setting.
Key Highlights
- Renovated duplex built in 1930 with public water and shingle roof
- 1st‑floor unit: 2 bedrooms and 1 bath (most recently rented for $1,900/month)
- 2nd‑floor unit: 2 bedrooms plus a loft and 1 bath (most recently rented for $2,100/month)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.4k | $21.60 |
| − Vacancy | −$1.7k | −$0.76 |
| EGI | $45.8k | $20.84 |
| − OpEx | −$13.7k | −$6.25 |
| NOI | $32.0k | $14.59 |
2,195 SF · lease $21.60/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$457.5K
$400.3K – $533.8K
NOI $32,027 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$420.7K
$368.1K – $490.8K
NOI $29,449 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$522.0K
$456.7K – $609.0K
NOI $36,539 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,355
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 - Renovated two-unit duplex in Laconia with separate utilities, featuring two-bedroom layouts for flexible tenant use.
Where is this duplex located?
The property is located at 7 Elliott Street Laconia, NH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Renovated duplex built in 1930 with public water and shingle roof; 1st‑floor unit: 2 bedrooms and 1 bath (most recently rented for $1,900/month); 2nd‑floor unit: 2 bedrooms plus a loft and 1 bath (most recently rented for $2,100/month)
