261 Union Ave Laconia, NH 03264

Building Details

Year Built

1885

Listing agency Gray Property Group, LLC m***@imperialpropertiesnh.com Show Phone

Listed by Matthew Dennehy Show Phone

Source Elliman

Added: Jun 3 Updated: Jul 21 at 1:46PM Checked: Jul 21 at 1:46PM

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Investment Insights

Based on property information with market context.

This nine-unit mixed-use building features eight 1-bedroom apartments plus a 928 SF commercial space. The property has undergone updates to several apartments and common areas, and the roof was replaced in 2021. All eight apartments are currently occupied.

Located on Union Ave in central Laconia, the building benefits from ample street parking nearby and includes six off-street parking spaces. The landlord pays for heat, hot water, cold water, and electricity.

The commercial space offers an additional income component alongside the residential units, with the property currently generating approximately $155,000 in pro forma gross revenue and about $105,000 in NOI based on the information provided.

Key Highlights

• 9‑unit mixed‑use property (1885) with eight 1‑bedroom apartments plus a 928 SF commercial space
• Roof replaced in 2021; updates to several apartments and common areas
• All 8 apartments are occupied; average residential rent is $1,432 per unit per month

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FAQs

What type of property is this?

Apartment building - Nine-unit mixed-use property with eight 1-bedroom apartments and a 928 SF commercial space.

Where is this apartment building located?

The property is located at 261 Union Ave Laconia, NH.

What is the asking price?

The asking price for this property is $1,130,000.

What are key features of this property?

This property features: 9‑unit mixed‑use property (1885) with eight 1‑bedroom apartments plus a 928 SF commercial space; Roof replaced in 2021; updates to several apartments and common areas; All 8 apartments are occupied; average residential rent is $1,432 per unit per month