Four-Unit Residential Income
82-84 Sheridan Street Laconia, NH 03246
For Sale
$550,000
Four leased 1-bedroom apartments with tenant-paid electricity and landlord-paid remaining utilities.
Property Size2,160 SF
Price / SF$254.63
Days on Market161
Property Features for 82-84 Sheridan Street
General Information
- Standard status
- Active
- Size
- 2,160 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing Agency:
Waterfield Realty & Management LLC
(603) 455-9189
Listed By:
Pamela Hughes
(603) 455-9189
Source:
Compass
Added: Feb 12
Changed: Jul 23
Last Checked: Jul 23 at 5:57AM
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 Waterfield Realty & Management LLC
Investment Insights
Based on property information with market context.
This four-unit residential income building includes four 1-bedroom apartments. All units are currently leased, and tenants are responsible for paying electric, while the landlord covers the remaining utilities.
The property is offered for sale as a standalone investment, or as part of a 51-unit portfolio in Laconia.
With four separate leased units, the building presents a straightforward multi-family configuration for income-focused buyers.
The property is offered for sale as a standalone investment, or as part of a 51-unit portfolio in Laconia.
With four separate leased units, the building presents a straightforward multi-family configuration for income-focused buyers.
Key Highlights
- Four‑unit multi‑family building with four leased 1‑bedroom apartments
- Tenants pay electric; landlord is responsible for remaining utilities
- Heating: oil and hot water; cooling is listed as none
Financial Insights For Multifamily LT 5
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 | $46.7k | $21.60 |
| − Vacancy | −$1.6k | −$0.76 |
| EGI | $45.0k | $20.84 |
| − OpEx | −$13.5k | −$6.25 |
| NOI | $31.5k | $14.59 |
2,160 SF · lease $21.60/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$450.2K
$394.0K – $525.3K
NOI $31,516 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$414.0K
$362.3K – $483.0K
NOI $28,980 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$513.7K
$449.5K – $599.3K
NOI $35,956 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four leased 1-bedroom apartments with tenant-paid electricity and landlord-paid remaining utilities.
Where is this quadplex located?
The property is located at 82-84 Sheridan Street Laconia, NH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four‑unit multi‑family building with four leased 1‑bedroom apartments; Tenants pay electric; landlord is responsible for remaining utilities; Heating: oil and hot water; cooling is listed as none
