Mixed-Use Property with Office
For Sale
$368,000
218 Main Street, Laconia, NH 03246
Multi-Family, Laconia, NH
Property Size1,168 SF
Lot Size0.27 Acres
Price / SF$315.07
Days on Market48
Property Features for 218 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
commercial
Bedrooms
1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement, Bedroom 1
Parking features
RV, Driveway, Off Street
Appliances
Natural Gas Water Heater
Lot features
Major Road Frontage, Neighbor Business
Elementary school
Woodland Heights Elementary
Middle school
Laconia Middle School
High school
Laconia High School
Elementary school district
Laconia Sch Dst SAU #30
Middle school district
Laconia Sch Dst SAU #30
High school district
Laconia Sch Dst SAU #30
Directions
Lake Shore Rd onto Gilford/Laconia bypass Rte 107 exit right on Province Rd bear left onto S. Main property on left.
Standard status
Active
Size
1,168 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2628
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Realty Gilford NH · Coldwell Banker Real Estate
Listed By:
Brenda Rowan
(603) 524-2255
Added: Sep 2
Changed: Oct 18
Last Checked: Oct 19 at 2:06PM
MLS# 5107981
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.
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Investment Insights
Based on property information with market context.
This mixed-use property contains 1,168 square feet within a wood-frame building constructed in 1900. The first floor provides office space, while the second floor includes a one-bedroom apartment and two bathrooms. Vinyl siding, a shingle roof, hot-water heating, and a natural gas water heater are among the existing improvements.
The property occupies a level 0.27-acre lot with 66.47 feet of frontage on South Main Street in Laconia. Commercial zoning supports the existing combination of office and residential space. A paved parking area, driveway, off-street parking, and RV parking are included. Public water serves the property. Potential conversion to three or more units and additional storage uses would require municipal and other applicable approvals.
The property occupies a level 0.27-acre lot with 66.47 feet of frontage on South Main Street in Laconia. Commercial zoning supports the existing combination of office and residential space. A paved parking area, driveway, off-street parking, and RV parking are included. Public water serves the property. Potential conversion to three or more units and additional storage uses would require municipal and other applicable approvals.
Key Highlights
- Commercial zoning with office and residential space
- 1,168 square feet on a 0.27‑acre lot
- First‑floor office area and second‑floor one‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,670
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,400
$313.4K
Cap Rate 7%
$223,857
$223.9K
Cap Rate 9%
$174,111
$174.1K
Market Conditions
NOI Build-Up for 1,168 SF
Gross rent
$29.4K $25.20/SF
− Vacancy
−$942 −$0.81/SF
EGI
$28.5K $24.39/SF
− OpEx
−$12.8K −$10.98/SF
NOI
$15.7K $13.42/SF
Area
Belknap County, NH
Vacancy
3.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,400
Cap Rate 7%
$223,857
Cap Rate 9%
$174,111
Alternative Uses
Best Use
Apartment 5plus
$223.9K
$195.9K – $261.2K
NOI $15,670 @ 7.0% cap · market cap 4.26%
Second Best
Office B
$221.3K
$193.7K – $258.2K
NOI $15,494 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$277.8K
$243.0K – $324.1K
NOI $19,443 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned building combining first-floor offices with a second-floor one-bedroom apartment.
Where is this mixed-use property located?
The property is located at 218 Main Street Laconia, NH.
What is the asking price?
The asking price for this property is $368,000.
What are key features of this property?
This property features: Commercial zoning with office and residential space; 1,168 square feet on a 0.27‑acre lot; First‑floor office area and second‑floor one‑bedroom apartment
