Laconia Multifamily Investment
166 Gilford Avenue, Laconia, NH 03246
Well-maintained multifamily near downtown Laconia and Weirs Beach.
Type:Multi Family
Property size:
1,576 SFPrice / SF:
$253/SF- Added:
- Jan 29, 2026
- Days on Market:
- 124
- Last Refresh:
- Mar 13 at 3:21 pm
Property Features for 166 Gilford Avenue
General Information
- Standard status
- Active
- Size
- 1,576 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agent Shawna Phillips (603) 315-6693
Listing office REAL Broker NH, LLC (603) 315-6693
Listing date Jan 29, 2026
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of REAL Broker NH, LLC
HighLights
- Prime location: less than 5 minutes to downtown Laconia and under 15 minutes to Weirs Beach.
- Two well‑maintained units: includes a 2‑bedroom and a 1‑bedroom unit, each with a full bathroom and functional layouts.
- Ample off‑street parking: a valuable feature in a central location.
- Full basement: provides ample storage space.
- Detached barn: offers additional value with an upper level that can be finished or used for storage.
- Tasteful updates: enhances appeal while remaining easy to maintain and attractive to tenants.
Overview
Located in Laconia, this multi-family property offers a combination of location and functionality. It is situated less than five minutes from downtown Laconia and under fifteen minutes from Weirs Beach, providing access to shopping, dining, entertainment, and the Lakes Region. The property features two units: a 2-bedroom unit and a 1-bedroom unit, each with a full bathroom and functional layouts. Both units have been well maintained and feature updates that enhance appeal while remaining easy to maintain and attractive to tenants. The units offer abundant natural light. A full basement provides storage, and a detached barn adds value with an upper level that may be finished for future use or utilized for expanded storage. The property includes a yard and off-street parking for multiple vehicles. The property size is 1576 square feet.
Local 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 | $34.0k | $21.60 |
| − Vacancy | −$1.2k | −$0.76 |
| EGI | $32.9k | $20.84 |
| − OpEx | −$9.9k | −$6.25 |
| NOI | $23.0k | $14.59 |
1,576 SF · lease $21.60/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.5K
$287.4K – $383.3K
NOI $22,995 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$302.1K
$264.3K – $352.4K
NOI $21,144 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$374.8K
$327.9K – $437.3K
NOI $26,235 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Laconia
- County
- Belknap
- State
- New Hampshire
- Longitude
- -71.455296
- Latitude
- 43.5323714
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained multifamily near downtown Laconia and Weirs Beach.
Where is this duplex located?
The property is located at 166 Gilford Avenue Laconia, NH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Prime location: less than 5 minutes to downtown Laconia and under 15 minutes to Weirs Beach.; Two well‑maintained units: includes a 2‑bedroom and a 1‑bedroom unit, each with a full bathroom and functional layouts.; Ample off‑street parking: a valuable feature in a central location.
