Renovated Duplex with Expansion
For Sale
$450,000
20 Wallace Ct, Laconia, NH 03246
Fully renovated two-unit duplex offering two 3-bedroom, 1-bath residences with parking and an additional expansion area.
Property Size1,872 SF
Price / SF$240.38
Days on Market101
Property Features for 20 Wallace Ct
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi-Family
Zoning
Urban Commercial
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Wolfeboro
Listed By:
Adam Dow · License #056660
(603) 867-7311
Source:
Carolslocum
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 7 at 1:54PM
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 KW Coastal and Lakes & Mountains Realty/Wolfeboro
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Investment Insights
Based on property information with market context.
This fully revitalized duplex includes two separate units, each configured with three bedrooms and one bathroom. The property was gutted and fully renovated a few years ago, combining updated interior finishes with original 1930s character. Public water and sewer are in place, along with 100-amp electric service and gas heating for efficient everyday use. Parking is available on site, and there is extra area that could potentially support a second duplex.
Located in Laconia’s Urban Commercial zone, the property places you within walking distance of Lake Opechee, the WOW Trail, and downtown attractions.
Ideal for an owner-occupant or an investor, this two-unit property is offered for sale with a recent renovation and an onsite footprint that may allow for additional residential development.
Located in Laconia’s Urban Commercial zone, the property places you within walking distance of Lake Opechee, the WOW Trail, and downtown attractions.
Ideal for an owner-occupant or an investor, this two-unit property is offered for sale with a recent renovation and an onsite footprint that may allow for additional residential development.
Key Highlights
- Fully revitalized 2‑unit duplex built in 1930 in Laconia’s Urban Commercial zone
- Each unit features 3 bedrooms and 1 bath
- Recently gutted and fully renovated, blending modern updates with 1930s character
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,314
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,280
$546.3K
Cap Rate 7%
$390,200
$390.2K
Cap Rate 9%
$303,489
$303.5K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$40.4K $21.60/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$39.0K $20.84/SF
− OpEx
−$11.7K −$6.25/SF
NOI
$27.3K $14.59/SF
Area
Belknap County, NH
Vacancy
3.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,280
Cap Rate 7%
$390,200
Cap Rate 9%
$303,489
Alternative Uses
Best Use
Multifamily LT 5
$390.2K
$341.4K – $455.2K
NOI $27,314 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$358.8K
$314.0K – $418.6K
NOI $25,116 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$445.2K
$389.5K – $519.4K
NOI $31,162 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated two-unit duplex offering two 3-bedroom, 1-bath residences with parking and an additional expansion area.
Where is this duplex located?
The property is located at 20 Wallace Ct Laconia, NH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully revitalized 2‑unit duplex built in 1930 in Laconia’s Urban Commercial zone; Each unit features 3 bedrooms and 1 bath; Recently gutted and fully renovated, blending modern updates with 1930s character
