Laconia Duplex Near Downtown
For Sale
$444,000
7 Elliott Street, Laconia, NH 03246
Duplex in downtown Laconia near amenities and Concord Hospital.
Property Size2,771 SF
Price / SF$202.28
Days on Market147
Property Features for 7 Elliott Street
General Information
Standard status
Active
Size
2,771 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
UC
Taxes and HOA fees
Annual Taxes
$3,947
Amenities
Oil, Baseboard, Hot Water
Dirt Floor, Interior Entry, Unfinished
Paved
Multi-Family, New Englander
Building Details
Building Size
2,771 SF
Year Built
1930
Stories
2
Listing Agency:
Real Broker NH, LLC
(603) 674-5217
Listed By:
Bradley Roberts
(603) 674-5217
Source:
Evrealestate
Added: Apr 7
Changed: Aug 23
Last Checked: Aug 30 at 12:52PM
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
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 = 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
$32,027
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
7.21%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,355
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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 Street 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.
