Fully Leased Laconia
For Sale
$419,000
45 Joliet St, Laconia, NH 03246
Coveted, fully rented side-by-side duplex in a quiet Laconia street.
Property Size2,419 SF
Price / SF$173.21
Days on Market316
Property Features for 45 Joliet St
General Information
Standard status
Active
Size
2,419 SF
Property subtype
Multi-Family
Building Details
Year Built
1890
Listing Agency:
Waterfield Realty & Management LLC
Listed By:
Pamela Hughes
(603) 455-9189
Source:
603propertygroup
Added: Nov 28, 2025
Changed: Sep 12
Last Checked: Oct 7 at 1:32PM
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 Waterfield Realty & Management LLC
Investment Insights
Based on property information with market context.
This side-by-side duplex is currently fully rented for $4350 per month, with tenants responsible for utilities. Located on a quiet street in Laconia, this townhome-style multifamily property is suitable for investors or homeowners seeking to offset their mortgage with rental income. The property has been updated with full interior and exterior paint, electrical work, and refinished hardwood floors. Each unit features three levels of living space and a large basement for storage and laundry. Group showings are delayed until 08/24/2025.
Key Highlights
- Fully rented at $4350 per month, providing immediate rental income.
- Townhome‑style duplex ideal for investors or homeowners seeking rental income to offset mortgage.
- Recent updates include paint (interior and exterior), electrical work, and refinished hardwood floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,295
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,900
$705.9K
Cap Rate 7%
$504,214
$504.2K
Cap Rate 9%
$392,167
$392.2K
Market Conditions
NOI Build-Up for 2,419 SF
Gross rent
$52.3K $21.60/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$50.4K $20.84/SF
− OpEx
−$15.1K −$6.25/SF
NOI
$35.3K $14.59/SF
Area
Belknap County, NH
Vacancy
3.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,900
Cap Rate 7%
$504,214
Cap Rate 9%
$392,167
Alternative Uses
Best Use
Multifamily LT 5
$504.2K
$441.2K – $588.3K
NOI $35,295 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$463.6K
$405.7K – $540.9K
NOI $32,454 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$575.3K
$503.4K – $671.1K
NOI $40,268 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Explore this area
Business Placement
Demographics for 03246, NH
16,905
Population
10,426
Households
1.6
Avg Household Size
47
Median Age
25%
College-Educated
93%
High-School Grad
19.9 sq mi
ZIP Area
849
Density / Sq Mi
$68,407
Median Household Income
$40,504
Median Earnings
$1,180
Median Rent
$307,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Coveted, fully rented side-by-side duplex in a quiet Laconia street.
Where is this duplex located?
The property is located at 45 Joliet St Laconia, NH.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Fully rented at $4350 per month, providing immediate rental income.; Townhome‑style duplex ideal for investors or homeowners seeking rental income to offset mortgage.; Recent updates include paint (interior and exterior), electrical work, and refinished hardwood floors.
