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    Victorian Multi-Family Riverfront Residence Title is generated by Realmo AI

    96 Church Street, Laconia, NH 03246

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    Claim this Listing
    For Sale
    $1,125,000

    Multi-Family - Laconia, NH

    Property size:
    5,419 SF
    Lot size:
    0.37 Acres
    Price / SF:
    $207/SF
    Added:
    Dec 5, 2025
    Days on Market:
    162
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 96 Church Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    UC
    Rooms
    Basement
    Parking features
    Paved or Surfaced
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active
    Size
    5,419 SF
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8223

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas, Steam

    Building Details

    Year built
    1884
    Floors in Building
    3
    Number of units
    13
    Flooring type
    Carpet, Hardwood
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Shannon Casey
    Shannon Casey

    Listing agent Shannon Casey

    Listing office KW Coastal and Lakes & Mountains Realty/Meredith 66 NH Route 25, Portsmouth, NH

    Listing date Dec 5, 2025

    MLS# 5071399 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

    • Direct Winnipesaukee River waterfront access with patio and fire pit.
    • 13 bedrooms and 6 bathrooms offer exceptional versatility.
    • Newly installed heating system provides modern comfort and efficiency.
    • Rooftop deck offers an elevated outdoor retreat.
    • Prime location minutes from downtown Laconia, parks, and Lakes Region recreation.
    • Historic Victorian architecture with unique features like a treehouse.

    Overview

    Located on the banks of the Winnipesaukee River in Laconia, the property at 96 Church Street is a grand Victorian residence. This expansive multi-family home features 13 bedrooms and 6 bathrooms, offering versatility as an investment property, a multi-generational residence, or a historic boarding house. The corner-lot property blends architectural charm with outdoor spaces, including direct riverfront access with a waterfront patio and fire pit. A rooftop deck provides an elevated retreat, and a treehouse adds a playful touch. A new heating system has been installed. The property is situated minutes from downtown amenities, parks, and Lakes Region recreation. The lot size is 0.37 acres and the property size is 5419 square feet. The property is zoned UC.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $807.8K
    NOI $72,704 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.04M
    NOI $72,704 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.45M
    NOI $72,704 @ 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 Apartment 5plus

    Component $ $/SF
    Gross rent $136.6k $25.20
    − Vacancy −$4.4k −$0.81
    EGI $132.2k $24.39
    − OpEx −$59.5k −$10.98
    NOI $72.7k $13.42
    5,419 SF · lease $25.20/SF/yr · vacancy 3.20% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $1.04M
    $908.8K – $1.21M (±1% cap)
    NOI $72,704 @ 7.0% cap · market cap 6.46%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.29M
    $1.13M – $1.50M (±1% cap)
    NOI $90,207 @ 7.0% cap · market cap 8.02%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Riverbank House Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laconia
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.4671451
    Latitude
    43.5310978

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    FAQs

    What type of property is this?
    Apartment building - Spacious Victorian with riverfront access, rooftop deck, and treehouse.
    Where is this apartment building located?
    The property is located at 96 Church Street Laconia, NH.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: Direct Winnipesaukee River waterfront access with patio and fire pit.; 13 bedrooms and 6 bathrooms offer exceptional versatility.; Newly installed heating system provides modern comfort and efficiency.
    (603) 630-3343
    We can help!
    Listing Contact
    Shannon Casey
    Shannon Casey
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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