Two-Unit Multifamily
43 High Street, Laconia, NH 03246
MULTI_FAMILY - Other - Laconia, NH
Property size:
2,621 SFLot size:
0.36 AcresPrice / SF:
$171/SF- Added:
- Mar 2, 2026
- Days on Market:
- 94
- Last Refresh:
- Jun 4 at 12:06 am
Property Features for 43 High Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RG
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
- Standard status
- Active Under Contract
- Size
- 2,621 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5200
Utilities
- Utilities
- Cable Available
- Heating system
- Heat Pump (Heating), Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Nancy Williams (800) 926-5253
Listing office Roche Realty Group 97 Daniel Webster Hwy, Meredith, NH (603) 279-7046
Listing date Mar 2, 2026
MLS# 5077949
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
- 2‑unit multifamily in Laconia with ample parking, directly across from Lakes Region Hospital and within walking distance to downtown shops and restaurants
- Unit 1 (upper) offers 2 bedrooms plus an office, spacious living room, and eat‑in kitchen; recent upgrades include new natural gas furnace and hot water heater plus newer laminate flooring and some bath updates
- Unit 2 (lower) is completely renovated with all new wiring and updated interiors; includes 2 bedrooms, living room, eat‑in kitchen with dedicated dining area, 3/4 bath, walk‑in pantry, and washer/dryer
- Heating includes a 4‑head Hyper‑Heat system with individual room controls and ceiling fans installed in every room; tenant pays heat, electricity, and hot water
- Metal roof; public water supply and cable available; flooring includes laminate and carpet; basement included
- Detached 2‑car garage with power (in need of attention) plus two loft areas; small deck off the garage with a 5‑person Dominion hot tub wired for 220V and a dog run on a cleared, flat yard
Overview
This two-unit multifamily property is configured as an upper and lower residence under one roof. Unit 1 (upper level) offers two bedrooms plus an office, a spacious living room, and an eat-in kitchen, with recent upgrades that include a new natural gas furnace, radiator improvements, a hot water heater, newer laminate flooring, and some bathroom updates. Unit 2 (lower unit) has been completely renovated with new wiring and updated finishes, providing two bedrooms, a living room, an eat-in kitchen with a dedicated dining area, a 3/4 bath, a walk-in pantry, and in-unit washer and 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 property is located in Laconia with convenient access to local services, positioned directly across from Lakes Region Hospital. It is also described as within walking distance of downtown shops, restaurants, and amenities. The home includes ample parking and sits on a lot with a cleared, flat yard area and a dog run. Crushed stone surrounds the home for drainage, and the exterior is vinyl sided for low maintenance.
For buyers and owner-occupants, the layout supports multiple living arrangements with independent controls for heating. The tenant pays heat, electricity, and hot water, which can simplify operating expenses. Additional outdoor features include a small deck off the garage with a wired 220V Dominion hot tub, along with two loft areas. The 2-car garage is noted as in need of attention.
The property is located in Laconia with convenient access to local services, positioned directly across from Lakes Region Hospital. It is also described as within walking distance of downtown shops, restaurants, and amenities. The home includes ample parking and sits on a lot with a cleared, flat yard area and a dog run. Crushed stone surrounds the home for drainage, and the exterior is vinyl sided for low maintenance.
For buyers and owner-occupants, the layout supports multiple living arrangements with independent controls for heating. The tenant pays heat, electricity, and hot water, which can simplify operating expenses. Additional outdoor features include a small deck off the garage with a wired 220V Dominion hot tub, along with two loft areas. The 2-car garage is noted as in need of attention.
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.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Laconia
- County
- Belknap
- State
- New Hampshire
- Longitude
- -71.464783
- Latitude
- 43.5277209
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two rental units with recent mechanical upgrades and renovated lower unit, plus parking and a detached garage.
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: 2‑unit multifamily in Laconia with ample parking, directly across from Lakes Region Hospital and within walking distance to downtown shops and restaurants; Unit 1 (upper) offers 2 bedrooms plus an office, spacious living room, and eat‑in kitchen; recent upgrades include new natural gas furnace and hot water heater plus newer laminate flooring and some bath updates; Unit 2 (lower) is completely renovated with all new wiring and updated interiors; includes 2 bedrooms, living room, eat‑in kitchen with dedicated dining area, 3/4 bath, walk‑in pantry, and washer/dryer
