14-Unit Apartment Building with
8-10 Arch Street, Laconia, NH 03246
For Sale
$1,750,000
A 13-unit two-bedroom and one-unit one-bedroom mix is complemented by detached garage space and a separate vacant lot.
Property Size9,050 SF
Price / SF$193.37
Days on Market155
Property Features for 8-10 Arch Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Porch
Storage
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Berkshirehathaway Homeservices Commonwealth R. E
(508) 810-0700
Listed By:
Trish Marchetti
(339) 222-0471
Source:
Bigbearrevt
Added: Jun 7
Changed: Nov 8
Last Checked: Nov 7 at 7:39PM
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 Berkshirehathaway Homeservices Commonwealth R. E
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 14-unit apartment property includes thirteen two-bedroom apartments and one one-bedroom apartment. The 9,050-square-foot residential building has a walk-up attic and a walk-out lower level. Some units have been remodeled, and the building has newer circuit breaker panels and individual Rinnai wall furnaces in each apartment. Zoning is UC.
A detached, two-story barn/garage adds six upper-level garage bays, each approximately 18' x 10', and a 61' x 25' lower-level garage and storage area with drive-in access. The lower level of the apartment building also includes space described for potential laundry, storage, and workshop or garage use. A separate vacant buildable lot is part of the property.
A detached, two-story barn/garage adds six upper-level garage bays, each approximately 18' x 10', and a 61' x 25' lower-level garage and storage area with drive-in access. The lower level of the apartment building also includes space described for potential laundry, storage, and workshop or garage use. A separate vacant buildable lot is part of the property.
Key Highlights
- 14 apartments: thirteen 2‑bedroom units and one 1‑bedroom unit
- 9,050‑square‑foot residential building, built in 1900
- Detached two‑story barn/garage with six upper‑level bays, each approximately 18' x 10'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,419
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,428,380
$2.4M
Cap Rate 7%
$1,734,557
$1.7M
Cap Rate 9%
$1,349,100
$1.3M
Market Conditions
NOI Build-Up for 9,050 SF
Gross rent
$228.1K $25.20/SF
− Vacancy
−$7.3K −$0.81/SF
EGI
$220.8K $24.39/SF
− OpEx
−$99.3K −$10.98/SF
NOI
$121.4K $13.42/SF
Area
Belknap County, NH
Vacancy
3.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,428,380
Cap Rate 7%
$1,734,557
Cap Rate 9%
$1,349,100
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.52M – $2.02M
NOI $121,419 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,650 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
14
Residential units
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
Frequently Asked Questions
What type of property is this?
Apartment building - A 13-unit two-bedroom and one-unit one-bedroom mix is complemented by detached garage space and a separate vacant lot.
Where is this apartment building located?
The property is located at 8-10 Arch Street Laconia, NH.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 14 apartments: thirteen 2‑bedroom units and one 1‑bedroom unit; 9,050‑square‑foot residential building, built in 1900; Detached two‑story barn/garage with six upper‑level bays, each approximately 18' x 10'
