Turnkey Six-Unit Multifamily
22 West Street Laconia, NH 03246
22 West Street, Laconia, NH, 03246
$590,000
For Sale
$590,000
Turnkey six-unit, two-building setup with updated mechanicals, renovated baths, and all units currently occupied.
Property Size5,458 SF
Lot Size0.47 Acres
Price / SF$108.10
Days on Market38
Property Features for 22 West Street
General Information
- Standard status
- Active
- Size
- 5,458 SF
- Lot size
- 0.47 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1920
Listing Agency
Badger Peabody & Smith Realty
(603) 348-7261
Listed by
Keegan Rice
(603) 348-7261
Source
Threehillsres
Added: Jun 12 Checked: Jul 17 at 9:19 am
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Investment Insights
Based on property information with market context.
This turnkey multifamily property consists of two buildings on a 0.47-acre in-town lot, totaling six residential units. The four-unit building features two 3-bedroom apartments and two 1-bedroom units, while a separate two-unit cottage adds one 1-bedroom and one 2-bedroom. Unit mix is three 1BR, one 2BR, and two 3BR. The property has been extensively improved and maintained, including a new boiler, upgraded flooring, fresh paint, and renovated baths, with all units currently occupied. On-site parking and a storage shed are also included.
Located at 22 West Street in Laconia’s Lakes Region, the property is steps from Memorial Park and within a short stroll to Lake Winnisquam. The setting supports convenient access to in-town amenities, including downtown shops and dining, along with nearby recreational options at Memorial Park.
For investors or owner-operators, the current configuration provides a diversified unit mix across one-, two-, and three-bedroom layouts. The remarks also indicate landlord-paid expenses for heat, hot water, and electricity for four of the six units, creating a potential pathway for expense recovery as leases roll. Financial details are available in the offering memorandum with unit floor plans.
Located at 22 West Street in Laconia’s Lakes Region, the property is steps from Memorial Park and within a short stroll to Lake Winnisquam. The setting supports convenient access to in-town amenities, including downtown shops and dining, along with nearby recreational options at Memorial Park.
For investors or owner-operators, the current configuration provides a diversified unit mix across one-, two-, and three-bedroom layouts. The remarks also indicate landlord-paid expenses for heat, hot water, and electricity for four of the six units, creating a potential pathway for expense recovery as leases roll. Financial details are available in the offering memorandum with unit floor plans.
Key Highlights
- Turnkey 6‑unit multifamily with two buildings on a 0.47‑acre in‑town lot
- All units are currently occupied; unit mix includes three 1BR, one 2BR, and two 3BR
- Contract rents total $96,916/year; recast NOI near $50,463 with ~8.55% cap at list price
Property Analytics
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FAQs
What type of property is this?
Apartment building - Turnkey six-unit, two-building setup with updated mechanicals, renovated baths, and all units currently occupied.
Where is this apartment building located?
The property is located at 22 West Street Laconia, NH.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Turnkey 6‑unit multifamily with two buildings on a 0.47‑acre in‑town lot; All units are currently occupied; unit mix includes three 1BR, one 2BR, and two 3BR; Contract rents total $96,916/year; recast NOI near $50,463 with ~8.55% cap at list price
