Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    18-20 Cleveland Pl Laconia, NH 03246

    For Sale
    $775,000

    Cash-flowing six-unit property with updates and stable tenancy.

    Lot size:
    0.10 Acres

    Property Features for 18-20 Cleveland Pl

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1900

    Source: Ian Handel Real Estate Agent Ian D Handel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Six-Unit Multifamily Property

    This is a cash-flowing, well-managed six-unit property featuring a mix of two 1-bedroom and four 2-bedroom units. All tenants are current on rent and pay their own utilities, except for hot water. The kitchens and bathrooms have been updated. Recent improvements include four new natural gas heaters installed in 2024, and electric mini-splits installed in 2021 in four units, providing both heat and A/C. Unit 1 has been fully renovated down to the studs. Additional upgrades include a new roof installed in 2022, a repointed chimney with new flashing, new flooring in most units, and a new rear porch. An on-site coin-operated laundry provides additional income. A parking lot with a permanent easement provides ample off-street parking. This is a turnkey investment with a strong rental history and no major updates needed.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Laconia
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.4713194
    Latitude
    43.5224348

    Nearby Similar for Sale

    • $2,500,000

      Lake Winnipesaukee Inn and Cottages

      Historic 24-room inn with lake views in Weirs Beach.
      58 Tower St, Laconia, NH 03246
      View Details
    • $399,999
      1,989 SF

      Laconia Multi-Family Home For Sale

      Three-unit multi-family home with three bedrooms and three baths.
      24 Parker St, Laconia, NH 03246
      View Details
    • New
      $379,000
      0.17 Acres

      Laconia Live/Work Commercial Opportunity

      Updated live/work property near downtown and lakes.
      17 Arch St, Laconia, NH 03246
      View Details
    • $350,000
      0.30 Acres

      Antique Cape with Commercial Potential

      Charming cape with commercial opportunities near Lake Winnipesaukee.
      468 Union Ave, Laconia, NH 03246
      View Details
    • $449,900
      2,670 SF

      Updated Duplex Near Lake Winnisquam

      Updated duplex near downtown Laconia with strong income potential.
      158 Court St, Laconia, NH 03246
      View Details
    • $200,000
      0.04 Acres

      Seasonal RV Condo Resort

      Exclusive seasonal RV condo resort near Lake Winnipesaukee.
      Endicott St North, Laconia, NH 03246
      View Details

    FAQs

    What type of property is this?
    Apartment building - Cash-flowing six-unit property with updates and stable tenancy.
    Where is this apartment building located?
    The property is located at 18-20 Cleveland Pl Laconia, NH.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Cash-flowing 6-unit property with stable tenancy and tenants current on rent.; - Recent updates including new roof (2022) and four new natural gas heaters (2024).; - **Fully renovated Unit 1 (down to the studs) and updated kitchens and bathrooms in all units.**
    (603) 560-2214
    Request Owner's contact information
    18-20 Cleveland Pl Laconia, NH 03246
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18-20 Cleveland Pl
    Laconia, NH 03246
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    18-20 Cleveland Pl Laconia, NH 03246
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.