Fully Renovated 2-Unit Residential
20 Wallace Court Laconia, NH 03246
For Sale
$475,000
MULTI_FAMILY - Other - Laconia, NH
Property Size1,872 SF
Lot Size0.18 Acres
Price / SF$253.74
Days on Market59
Property Features for 20 Wallace Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- urban commercial
- Rooms
- Basement
- Standard status
- Active
- Size
- 1,872 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4046
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Wood Frame, Clapboard Exterior
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Wolfeboro
(603) 610-8500
Listed By:
Adam Dow
(603) 610-8500
Added: May 27
Changed: Jul 23
Last Checked: Jul 24 at 6:06PM
MLS# 5101357
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.
Investment Insights
Based on property information with market context.
This fully revitalized 2-unit property was gutted and fully renovated a few years ago, blending modern comfort with 1930s charm. Each unit offers spacious living with 3 bedrooms and 1 bath. The home includes public water and sewer, a 100-amp electric service, and gas heating.
Located in Laconia’s Urban Commercial zone, the property offers plenty of parking. Additional area on site may allow for the development of a second duplex, offering further flexibility.
Set near Lake Opechee, the WOW Trail, and downtown attractions, the property provides an owner-occupant or rental-income setup with a practical residential layout.
Located in Laconia’s Urban Commercial zone, the property offers plenty of parking. Additional area on site may allow for the development of a second duplex, offering further flexibility.
Set near Lake Opechee, the WOW Trail, and downtown attractions, the property provides an owner-occupant or rental-income setup with a practical residential layout.
Key Highlights
- Fully revitalized 2‑unit property built in 1930 with clapboard exterior and wood frame construction
- Each unit features 3 bedrooms and 1 bath
- Gutted and fully renovated just a few years ago
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 | $40.4k | $21.60 |
| − Vacancy | −$1.4k | −$0.76 |
| EGI | $39.0k | $20.84 |
| − OpEx | −$11.7k | −$6.25 |
| NOI | $27.3k | $14.59 |
1,872 SF · lease $21.60/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.2K
$341.4K – $455.2K
NOI $27,314 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$358.8K
$314.0K – $418.6K
NOI $25,116 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$445.2K
$389.5K – $519.4K
NOI $31,162 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two renovated units each feature 3 bedrooms and 1 bath, with public water and sewer and gas heating.
Where is this duplex located?
The property is located at 20 Wallace Court Laconia, NH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Fully revitalized 2‑unit property built in 1930 with clapboard exterior and wood frame construction; Each unit features 3 bedrooms and 1 bath; Gutted and fully renovated just a few years ago
