Turnkey Six-Unit Multifamily Property

22 West Street, Laconia, NH 03246

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For Sale

$590,000

Turnkey six-unit, two-building setup with updated mechanicals, renovated baths, and all units currently occupied.

Type:Multi Family Home

Property size:

5,458 SF

Lot size:

0.47 Acres

Price / SF:

$108/SF

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
Two‑building setup includes separate two‑unit cottage plus a four‑unit building
Recent updates include a new boiler, upgraded flooring, fresh paint, and renovated baths
Four of six units have landlord‑paid heat, hot water, and electricity, with on‑site parking and a storage shed

We can help!

Listing Contact

Keegan Rice

Learn more

For Sale

$590,000

Turnkey six-unit, two-building setup with updated mechanicals, renovated baths, and all units currently occupied.

Type:Multi Family Home

Property size:

5,458 SF

Lot size:

0.47 Acres

Price / SF:

$108/SF

Added:: Jun 12, 2026
Days on Market:: 7
Last Refresh:: Jun 16 at 3:48 am

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

We can help!

Listing Contact

Keegan Rice

Listing agent Keegan Rice

Listing office Badger Peabody & Smith Realty

Listing date Jun 12, 2026

Source Threehillsres

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 Badger Peabody & Smith Realty

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
Two‑building setup includes separate two‑unit cottage plus a four‑unit building
Recent updates include a new boiler, upgraded flooring, fresh paint, and renovated baths
Four of six units have landlord‑paid heat, hot water, and electricity, with on‑site parking and a storage shed

Overview

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.

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Local Demand

City: Laconia
County: Belknap
State: New Hampshire
Longitude: -71.4745227
Latitude: 43.5204188

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For sale
Apartment buildings
NH
Laconia
03246
22 West Street

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