Five-Unit Multifamily with Diverse
8 Lewis Street Laconia, NH 03246
8 Lewis Street, Laconia, NH, 03246
$975,000
For Sale
$975,000
MULTI_FAMILY - Other - Laconia, NH
Property Size4,790 SF
Lot Size0.46 Acres
Price / SF$203.55
Days on Market49
Property Features for 8 Lewis Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RS
- Bedrooms
- 11
- Bathrooms
- 6
- Rooms
- Bedroom 7, Bedroom 9, Bathroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 5, Bathroom 6, Bedroom 5, Bedroom 8, Bedroom 10, Bedroom 11, Bathroom 2, Basement, Bathroom 3
- Standard status
- Active
- Size
- 4,790 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7264
Utilities
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1887
- Floors in Building
- 2
- Number of units
- 5
- Flooring type
- Carpet, Vinyl
- Building materials
- Wood Frame
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
RE/MAX Innovative Bayside
(603) 279-0079
208 Daniel Webster Hwy, Londonderry, NH
Listed by
Jim Miller
(603) 434-4101
Added: Jun 2 Checked: Jul 20 at 12:06 am
MLS# 5092535
Listing URL
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 five-unit multifamily property provides a varied apartment mix, with units ranging from studio through four-bedroom. The building is well-suited for tenants looking for different space requirements, supporting flexible leasing needs across the unit lineup.
Located at 8 Lewis Street in Laconia, the property is described as being on a quiet side street. It is also within walking distance of downtown Laconia, along with nearby shopping, restaurants, schools, and parks. In addition, the public beach on Lake Opechee is noted as a short walk away, offering an on-foot option for lakeside recreation.
For buyers seeking a small residential income property with multiple unit types under one roof, this configuration can align with a broader range of tenant households. With the combination of in-town walkability and proximity to Lake Opechee recreation, the building’s location features are positioned to support day-to-day convenience for future residents. The property is listed for sale and is zoned RS, as provided in the listing information.
Located at 8 Lewis Street in Laconia, the property is described as being on a quiet side street. It is also within walking distance of downtown Laconia, along with nearby shopping, restaurants, schools, and parks. In addition, the public beach on Lake Opechee is noted as a short walk away, offering an on-foot option for lakeside recreation.
For buyers seeking a small residential income property with multiple unit types under one roof, this configuration can align with a broader range of tenant households. With the combination of in-town walkability and proximity to Lake Opechee recreation, the building’s location features are positioned to support day-to-day convenience for future residents. The property is listed for sale and is zoned RS, as provided in the listing information.
Key Highlights
- Five‑unit multifamily property with apartment sizes ranging from studio to four‑bedroom units
- Year built 1887 with wood‑frame construction
- Public water source; hot water heating; shingle roof
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.7k | $25.20 |
| − Vacancy | −$3.9k | −$0.81 |
| EGI | $116.8k | $24.39 |
| − OpEx | −$52.6k | −$10.98 |
| NOI | $64.3k | $13.42 |
4,790 SF · lease $25.20/SF/yr · vacancy 3.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$918.1K
$803.3K – $1.07M
NOI $64,265 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$996.7K – $1.33M
NOI $79,736 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit multifamily property with apartments ranging from studio to four-bedroom layouts in Laconia.
Where is this apartment building located?
The property is located at 8 Lewis Street Laconia, NH.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Five‑unit multifamily property with apartment sizes ranging from studio to four‑bedroom units; Year built 1887 with wood‑frame construction; Public water source; hot water heating; shingle roof
