Five-Unit Mixed-Use
254 Court Street, Laconia, NH 03246
For Sale
$625,000
Three apartments and two office suites provide a blend of residential and commercial space; all units are rented.
Property Size5,340 SF
Price / SF$117.04
Days on Market39
Property Features for 254 Court Street
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Tenant in Place
Building Details
Year Built
Listing Agency:
EXP Realty
(888) 398-7062
Listed By:
Heather Goodwin · License #Heather Goodwin
(603) 494-3135
Source:
Dohertyproperties
Added: Oct 1
Changed: Nov 7
Last Checked: Nov 7 at 2:37PM
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 EXP Realty
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Investment Insights
Based on property information with market context.
At 254 Court Street in Laconia, this mixed-use property was built in 1900 and has a five-unit layout. Three residential units each contain one bedroom and one bathroom. The other two units are commercial offices, each with its own bathroom; all five units are currently rented.
The property has natural gas heat, public water and public sewer. Its zoning allows mixed use, supporting the existing combination of residential apartments and commercial office space.
The property has natural gas heat, public water and public sewer. Its zoning allows mixed use, supporting the existing combination of residential apartments and commercial office space.
Key Highlights
- Five units: three 1‑bedroom, 1‑bath apartments and two commercial offices
- All units currently rented
- Each commercial office has its own bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,201
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,020
$984.0K
Cap Rate 7%
$702,871
$702.9K
Cap Rate 9%
$546,678
$546.7K
Market Conditions
NOI Build-Up for 5,340 SF
Gross rent
$86.5K $16.20/SF
− Vacancy
−$7.8K −$1.46/SF
EGI
$78.7K $14.74/SF
− OpEx
−$29.5K −$5.53/SF
NOI
$49.2K $9.21/SF
Area
Belknap County, NH
Vacancy
9.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,020
Cap Rate 7%
$702,871
Cap Rate 9%
$546,678
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$895.6K – $1.19M
NOI $71,644 @ 7.0% cap · market cap 11.46%
Second Best
Mixed Use
$702.9K
$615.0K – $820.0K
NOI $49,201 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,892 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
533
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments and two office suites provide a blend of residential and commercial space; all units are rented.
Where is this mixed-use property located?
The property is located at 254 Court Street Laconia, NH.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Five units: three 1‑bedroom, 1‑bath apartments and two commercial offices; All units currently rented; Each commercial office has its own bathroom
