Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Resort with Heated Saltwater Pool Title is generated by Realmo AI

    291 N Endicott Street, Laconia, NH 03246

    View on Map
    Claim this Listing
    For Sale
    $3,950,000

    MULTI_FAMILY - Other - Laconia, NH

    Property size:
    9,246 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $427/SF
    Added:
    Apr 1, 2026
    Days on Market:
    64
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 291 N Endicott Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    CR
    Rooms
    Basement
    Patio and Porch features
    Porch
    Exterior features
    Balcony, Building, Guest House, Outbuilding, In-Ground Pool, Porch, Covered Porch
    Standard status
    Active
    Size
    9,246 SF
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    21455

    Utilities

    Utilities
    Cable Available
    Heating system
    Electric (Heating), Propane (Heating), Oil, Forced Air
    Water source
    Public

    Building Details

    Year built
    1850
    Floors in Building
    3
    Number of units
    22
    Building materials
    Wood Frame, Clapboard Exterior, Combination Exterior, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Outbuilding, Guest House

    We can help!

    Listing Contact
    Shannon Casey
    Shannon Casey

    Listing agent Shannon Casey

    Listing office KW Coastal and Lakes & Mountains Realty/Meredith 66 NH Route 25, Portsmouth, NH

    Listing date Apr 1, 2026

    MLS# 5082106 Listing URL

    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.

    HighLights

    • ~3+/- acre resort property featuring a 12‑unit hotel, a 10‑bedroom main house, 8 cabins, and 2 renovated cottages
    • 12‑unit hotel was taken down to the studs and rebuilt in recent years
    • Two end suites include full kitchens and private decks
    • Main house includes an office and offers 10 bedrooms for owner use and/or additional rental flexibility
    • Olympic‑sized heated saltwater in‑ground pool with patio
    • 2‑car under garage plus public water; heating includes electric, propane, oil, and forced air; shingle roof

    Overview

    This resort property includes a 12-unit hotel, a 10-bedroom main house with an office, eight cabins, and two renovated cottages, creating a diversified mix of accommodations. The hotel portion was taken down to the studs and rebuilt, and two end suites feature full kitchens and private decks. A two-car under-garage is included for convenient operations. The main living area is described as offering expansive Lake Winnipesaukee views.

    Located at 291 N Endicott Street in Laconia, New Hampshire (Belknap County), the site is positioned on approximately 3+/- acres and within a CR zoning designation. The setting is described as offering broad lake and mountain views, with notable vantage points from the property.

    Designed for turnkey hospitality operations, the property can support an owner-operator model with on-site living in the main house, while also offering multiple accommodation types for ongoing lodging revenue. The heated saltwater pool and patio provide an additional guest amenity, and the presence of suites, cabins, and cottages supports flexible guest stays across different lodging preferences. Substantial renovations have been completed, and the property is presented ready for its next chapter.
    Property Profile Location Intelligence

    Current Use by Public Records

    RCI Hotel & Motel Grand View Resort Hotel & Motel

    Suggested Use

    Real Estate Agency Restaurant Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store Kitchen & Bath Showroom Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laconia
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.4672048
    Latitude
    43.6081421

    Nearby Similar for Sale

    • $1,200,000

      Downtown Commercial Opportunity in Laconia

      High-visibility commercial property with strong foot traffic in downtown Laconia.
      601 Main Street, Laconia, NH 03246
      View Details
    • $649,000
      3,388 SF

      Historic Multi-Family Home with Potential

      Spacious 1780 home with cash-flow opportunities in Laconia, NH.
      42 Gilford Avenue, Laconia, NH 03246
      View Details
    • $3,950,000

      Thriving Lakes Region Hospitality Business

      Turnkey hospitality business with proven performance in a premier location.
      291 N Endicott Street, Laconia, NH 03246
      View Details
    • $725,000

      Laconia Commercial Building with Bays

      7,756 sq. ft. building with 7 drive-in doors.
      11 Wilson Court, Laconia, NH 03246
      View Details
    • $525,000
      1,932 SF

      Multifamily Triplex with Garage Offices

      Triplex for sale with a 2-bed unit, two 1-bed units, and an oversized garage featuring integrated offices and storage.
      14 Summer Street, Laconia, NH 03246
      View Details
    • $1,125,000
      5,419 SF

      Victorian Riverfront Multi-Family Residence

      Victorian multi-family with 13 bedrooms, 6 bathrooms, direct riverfront access, rooftop deck, and a newly installed heating system.
      96 Church Street, Laconia, NH 03246
      View Details
    • $459,000
      4,220 SF

      Historic Two-Unit Residential Income

      Late-1890s historic two-unit home with tall windows, original woodwork, and a third-floor layout offering flexible additional space.
      30 Messer Street, Laconia, NH 03246
      View Details
    • $599,000
      2,653 SF

      Ranch with Attached Accessory Unit

      Two distinct living areas, including a private-entry one-bedroom accessory unit, supported by city services and an oversized heated garage.
      1090 Main Street, Laconia, NH 03246
      View Details
    • $200,000

      Seasonal RV Resort Condo Lot

      Attorney General–approved seasonal RV condo lot with dedicated utilities, parking, and on-site pool and bathhouse.
      Endicott Street N lot: 2, Laconia, NH 03246
      View Details
    • $284,950

      Deeded Boat Slip with Yacht Club Access

      Own a deeded boat slip at Spinnaker Cove Yacht Club on Lake Winnipesaukee, with 16’ width and flexible vessel length.
      1198 Union Avenue lot: #3-4, Laconia, NH 03246
      View Details
    • $164,950

      Deeded Yacht Slip at Yacht Club

      Own a deeded slip at a private yacht club on Lake Winnipesaukee, with assigned parking and clubhouse amenities.
      1198 Union Avenue lot: #1-7, Laconia, NH 03246
      View Details
    • $449,000
      2,621 SF

      Two-Unit Multifamily Residence

      Two rental units with recent mechanical upgrades and renovated lower unit, plus parking and a detached garage.
      43 High Street, Laconia, NH 03246
      View Details

    FAQs

    What type of property is this?
    Resort - Multi-building resort with hotel suites, cabins, cottages, and a heated saltwater pool for hospitality use.
    Where is this resort located?
    The property is located at 291 N Endicott Street Laconia, NH.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: ~3+/- acre resort property featuring a 12‑unit hotel, a 10‑bedroom main house, 8 cabins, and 2 renovated cottages; 12‑unit hotel was taken down to the studs and rebuilt in recent years; Two end suites include full kitchens and private decks
    (603) 610-8500
    We can help!
    Listing Contact
    Shannon Casey
    Shannon Casey
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    291 N Endicott Street, Laconia, NH 03246
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!