Updated Duplex with Covered
New
For Sale
$459,900
66 Lyford Street, Laconia, NH 03246
Multi-Family, Laconia, NH
Property Size2,393 SF
Lot Size0.22 Acres
Price / SF$192.19
Days on Market3
Property Features for 66 Lyford Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
residential
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Basement
Parking features
Driveway
Lot features
City Lot, In Town, Near Shopping, Near Skiing, Neighborhood, Near Hospital, Near School(s)
Elementary school
Pleasant Street Elementary Sch
Middle school
Laconia Middle School
High school
Laconia High School
Elementary school district
Laconia Sch Dst SAU #30
Middle school district
Laconia Sch Dst SAU #30
High school district
Laconia Sch Dst SAU #30
Directions
GPS works.
Standard status
Active
Size
2,393 SF
Lot size
0.22 Acres
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Water source
Public
Amenities
covered porch
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Wood Frame, Wood Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Granite Group Realty Services
(603) 744-3004
Listed By:
Margaret Duba
(603) 707-7239
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 25 at 12:06AM
MLS# 5111245
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.
Investment Insights
Based on property information with market context.
This 2,393-square-foot duplex, built in 1920, includes two residential units on a 0.22-acre parcel. Recent improvements include a new roof, refreshed exterior paint, an updated full bathroom, a newer kitchen, and revised flooring. Wood-frame construction, wood siding, shingle roofing, a covered porch, driveway parking, and a basement complete the property’s physical profile.
The home is located at 66 Lyford Street in Laconia, with Opechee Town Beach within walking distance. Downtown Laconia, shopping, schools, restaurants, and other Lakes Region destinations are also nearby. Public water, city sewer, natural-gas heat, municipal trash pickup, and cable availability support everyday ownership. The level yard provides usable outdoor space, while the duplex configuration accommodates an owner-occupant, rental arrangement, or multigenerational household.
The home is located at 66 Lyford Street in Laconia, with Opechee Town Beach within walking distance. Downtown Laconia, shopping, schools, restaurants, and other Lakes Region destinations are also nearby. Public water, city sewer, natural-gas heat, municipal trash pickup, and cable availability support everyday ownership. The level yard provides usable outdoor space, while the duplex configuration accommodates an owner-occupant, rental arrangement, or multigenerational household.
Key Highlights
- 2,393‑square‑foot duplex on a 0.22‑acre lot
- Built in 1920 with wood‑frame construction and wood siding
- New roof, updated full bathroom, newer kitchen, and updated flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,916
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$698,320
$698.3K
Cap Rate 7%
$498,800
$498.8K
Cap Rate 9%
$387,956
$388.0K
Market Conditions
NOI Build-Up for 2,393 SF
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.
Gross rent
$51.7K $21.60/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$49.9K $20.84/SF
− OpEx
−$15.0K −$6.25/SF
NOI
$34.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$698,320
Cap Rate 7%
$498,800
Cap Rate 9%
$387,956
Alternative Uses
Best Use
Multifamily LT 5
$498.8K
$436.5K – $581.9K
NOI $34,916 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$458.7K
$401.3K – $535.1K
NOI $32,106 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$569.1K
$497.9K – $663.9K
NOI $39,835 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,294
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 - Two residential units occupy a level lot with public water, city sewer, and natural-gas heat.
Where is this duplex located?
The property is located at 66 Lyford Street Laconia, NH.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: 2,393‑square‑foot duplex on a 0.22‑acre lot; Built in 1920 with wood‑frame construction and wood siding; New roof, updated full bathroom, newer kitchen, and updated flooring
