Laconia Duplex Near Downtown
For Sale
$444,000
7 Elliott ST, Laconia, NH 03246
Duplex in downtown Laconia near amenities and Concord Hospital.
Property Size2,195 SF
Price / SF$202.28
Days on Market218
Property Features for 7 Elliott ST
General Information
Standard status
Active
Size
2,195 SF
Property subtype
Multi-Family
Zoning
UC
Building Details
Building Size
2,195 SF
Year Built
1930
Stories
2
Listing Agency:
REAL Broker NH, LLC
Listed By:
Bradley Roberts
(603) 674-5217
Source:
Hometown-team
Added: Mar 29
Changed: Oct 31
Last Checked: Sep 8 at 4:01AM
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 REAL Broker NH, LLC
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Investment Insights
Based on property information with market context.
This duplex is located in downtown Laconia, within walking distance of local amenities such as the gym, Town Hall, and Taco Bay, and steps from Concord Hospital Laconia. The first-floor unit features 2 bedrooms and 1 bath. The second-floor unit includes 2 bedrooms plus a loft and 1 bath. Separate utilities are already in place. The downstairs unit most recently rented for $1,900/month, and the upstairs for $2,100/month. The property is located minutes from Lake Winnipesaukee, Lake Opechee, and Lake Winnisquam. The bike score is 68, indicating it is bikeable, and the walk score is 81, indicating it is very walkable.
Key Highlights
- Prime downtown Laconia location: walk to amenities, Concord Hospital, and attractions.
- Strong income‑producing asset: proven rental history with $1,900/$2,100 monthly rents.
- Desirable Lakes Region location: close to Lake Winnipesaukee, Lake Opechee, and Lake Winnisquam.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,027
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,540
$640.5K
Cap Rate 7%
$457,529
$457.5K
Cap Rate 9%
$355,856
$355.9K
Market Conditions
NOI Build-Up for 2,195 SF
Gross rent
$47.4K $21.60/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$45.8K $20.84/SF
− OpEx
−$13.7K −$6.25/SF
NOI
$32.0K $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%
$640,540
Cap Rate 7%
$457,529
Cap Rate 9%
$355,856
Alternative Uses
Best Use
Multifamily LT 5
$457.5K
$400.3K – $533.8K
NOI $32,027 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$420.7K
$368.1K – $490.8K
NOI $29,449 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$522.0K
$456.7K – $609.0K
NOI $36,539 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,355
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in downtown Laconia near amenities and Concord Hospital.
Where is this duplex located?
The property is located at 7 Elliott ST Laconia, NH.
What is the asking price?
The asking price for this property is $444,000.
What are key features of this property?
This property features: Prime downtown Laconia location: walk to amenities, Concord Hospital, and attractions.; Strong income‑producing asset: proven rental history with $1,900/$2,100 monthly rents.; Desirable Lakes Region location: close to Lake Winnipesaukee, Lake Opechee, and Lake Winnisquam.
