Legal Two-Unit Duplex with
42 Gilford Avenue, Laconia, NH 03246
MULTI_FAMILY - Other - Laconia, NH
Property size:
3,388 SFLot size:
0.48 AcresPrice / SF:
$191/SF- Added:
- May 4, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 22 at 7:06 pm
Property Features for 42 Gilford Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RG
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Basement, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
- Patio and Porch features
- Deck
- Exterior features
- Deck, Full Fence
- Fencing
- Fenced
- Standard status
- Active
- Size
- 3,388 SF
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6002
Utilities
- Heating system
- Electric (Heating), Wood, Hot Water(Heating), Wood Stove, Baseboard
- Water source
- Public
Building Details
- Year built
- 1780
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Vinyl
- Building materials
- Clapboard Exterior
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Jason Starr (603) 293-7227
Listing office Starr Realty 348 Intervale Rd, Gilford, NH (603) 293-7227
Listing date May 4, 2026
MLS# 5086938
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
- Built in 1780 with 3,388 sq. ft. of finished living space across 1.75 stories
- 5 bedrooms and 4 bathrooms (one full, three three‑quarter) with wood fireplaces
- Legal 2‑unit property with two separate workshop/storage areas
- Nearly 0.48‑acre lot with a generously sized deck and full fencing
- Two street entrances/exits with a paved driveway and parking for tenants, guests, or work vehicles
- Public water; shingle roof; flooring includes vinyl and hardwood
Overview
This legal two-unit duplex features approximately 3,388 square feet across 1.75 stories, with five bedrooms and four bathrooms, including one full and three three-quarter baths. The home includes original character elements such as wide floors and wood fireplaces, along with updates including vinyl plank flooring, a kitchen island, a wine cooler, and first-floor laundry. The property is offered with two separate workshop/storage areas, providing additional utility for on-site needs.
Outside, the home sits on approximately 0.48 acres and includes a generously sized deck, full fencing, and garden space. Access is supported by two street entrances/exits and a paved driveway with parking for tenants, guests, or work vehicles.
The layout supports multiple living or operating scenarios, including an owner-occupy configuration and separate-use possibilities that benefit from the existing two-unit structure and dedicated workshop/storage areas. With a yard designed for outdoor use and multiple entry points, the property can be useful for households or operators seeking separate accommodations within a single building.
Outside, the home sits on approximately 0.48 acres and includes a generously sized deck, full fencing, and garden space. Access is supported by two street entrances/exits and a paved driveway with parking for tenants, guests, or work vehicles.
The layout supports multiple living or operating scenarios, including an owner-occupy configuration and separate-use possibilities that benefit from the existing two-unit structure and dedicated workshop/storage areas. With a yard designed for outdoor use and multiple entry points, the property can be useful for households or operators seeking separate accommodations within a single building.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.2k | $21.60 |
| − Vacancy | −$2.6k | −$0.76 |
| EGI | $70.6k | $20.84 |
| − OpEx | −$21.2k | −$6.25 |
| NOI | $49.4k | $14.59 |
3,388 SF · lease $21.60/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$706.2K
$617.9K – $823.9K
NOI $49,434 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$649.4K
$568.2K – $757.6K
NOI $45,455 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$805.7K
$705.0K – $940.0K
NOI $56,398 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Laconia
- County
- Belknap
- State
- New Hampshire
- Longitude
- -71.461062
- Latitude
- 43.533156
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Legal two-unit duplex offers workshop/storage areas, five bedrooms, and a decked, fenced yard on nearly half an acre.
Where is this duplex located?
The property is located at 42 Gilford Avenue Laconia, NH.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Built in 1780 with 3,388 sq. ft. of finished living space across 1.75 stories; 5 bedrooms and 4 bathrooms (one full, three three‑quarter) with wood fireplaces; Legal 2‑unit property with two separate workshop/storage areas
