Laconia Multifamily Investment
43 High Street, Laconia, NH 03246
Two-unit property near hospital and downtown Laconia.
Type:Multi Family
Property size:
2,621 SFPrice / SF:
$171/SF- Added:
- Feb 28, 2026
- Days on Market:
- 93
- Last Refresh:
- Mar 17 at 5:28 am
Property Features for 43 High Street
General Information
- Standard status
- Active
- Size
- 2,621 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agent Nancy Williams (603) 528-0088
Listing office Roche Realty Group, Inc (603) 528-0088
Listing date Feb 28, 2026
Source Compass
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 Roche Realty Group, Inc
HighLights
- Prime location directly across from the Lakes Region Hospital and within walking distance to downtown Laconia.
- Fully renovated lower unit (Unit 2) with new wiring, modern updates, and in‑unit washer & dryer.
- Recent upgrades to upper unit (Unit 1) including a new natural gas furnace, radiator, and hot water heater.
- Strong income potential with two units and a good current tenant willing to stay.
- Energy‑efficient heating in Unit 2 via a 4‑head Hyper‑Heat system with individual room controls.
- Includes a 5‑person hot tub and a cleared, flat yard with a dog run.
Overview
This two-unit multifamily property presents an investment opportunity in Laconia, situated directly across from the Lakes Region Hospital and within walking distance of downtown shops, restaurants, and amenities. The property includes ample parking. Unit 1, located on the upper level, features two bedrooms plus an office, a spacious living room, and an eat-in kitchen. Recent upgrades include a new natural gas furnace, radiator, and hot water heater, along with newer laminate flooring and some bathroom updates. The lower unit, Unit 2, has been completely renovated with new wiring and updates throughout. This unit offers two bedrooms, a living room, an eat-in kitchen with a dedicated dining area, a 3/4 bath, a walk-in pantry, and a washer & dryer. A porch is accessible directly from the living room. Heating is provided by a 4-head Hyper-Heat system with individual room controls, and ceiling fans are installed in every room. The tenant is responsible for heat, electricity, and hot water. Additional features include a two-car garage (in need of attention) with power and two loft areas, plus a small deck off the garage complete with a 5-person Dominion hot tub wired for 220V service. The yard has been cleared to create a generous flat area and a dog run. Crushed stone surrounds the home for drainage, and the exterior has vinyl siding for low maintenance. The property spans 2621 square feet. This property is suitable for owner-occupancy or investment, with a current tenant willing to stay.
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 | $56.6k | $21.60 |
| − Vacancy | −$2.0k | −$0.76 |
| EGI | $54.6k | $20.84 |
| − OpEx | −$16.4k | −$6.25 |
| NOI | $38.2k | $14.59 |
2,621 SF · lease $21.60/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$546.3K
$478.0K – $637.4K
NOI $38,242 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$502.4K
$439.6K – $586.1K
NOI $35,165 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$623.3K
$545.4K – $727.2K
NOI $43,630 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Laconia
- County
- Belknap
- State
- New Hampshire
- Longitude
- -71.46475
- Latitude
- 43.5276932
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit property near hospital and downtown Laconia.
Where is this duplex located?
The property is located at 43 High Street Laconia, NH.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Prime location directly across from the Lakes Region Hospital and within walking distance to downtown Laconia.; Fully renovated lower unit (Unit 2) with new wiring, modern updates, and in‑unit washer & dryer.; Recent upgrades to upper unit (Unit 1) including a new natural gas furnace, radiator, and hot water heater.
