Duplex with Detached
For Sale
$397,500
Pending
82 Summer ST, Laconia, NH 03246
Two apartments offer separate utilities, private basement storage, and washer/dryer hookups.
Property Size1,933 SF
Days on Market112
Property Features for 82 Summer ST
General Information
Standard status
Pending
Size
1,933 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
Residential
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
private basement with washer/dryer hookups and storage
Building Details
Building Size
1,933 SF
Year Built
1910
Stories
1
Listing Agency:
RE/MAX Innovative Bayside
(603) 677-2182
Listed By:
The Platinum Group
Source:
Hometown-team
Added: May 11
Changed: Aug 29
Last Checked: Aug 29 at 1:37PM
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 RE/MAX Innovative Bayside
Investment Insights
Based on property information with market context.
This 1,933-square-foot duplex, built in 1910, contains two apartments with distinct layouts. The first-floor residence provides three bedrooms and one bathroom, while the upper unit includes two bedrooms and one bathroom. Each apartment has a private basement area with storage and washer/dryer hookups, and the units are served by separate utilities.
The property includes a detached two-car garage and is located near the hospital in Laconia. Exterior features include vinyl siding and replacement windows. Interior improvements include a remodeled first-floor kitchen with granite countertops and new flooring, along with carpet that was replaced one year ago. The second-floor apartment features large bedrooms and an oversized living area. Residential zoning supports the existing duplex configuration, with owner-occupancy also identified as a potential use.
The property includes a detached two-car garage and is located near the hospital in Laconia. Exterior features include vinyl siding and replacement windows. Interior improvements include a remodeled first-floor kitchen with granite countertops and new flooring, along with carpet that was replaced one year ago. The second-floor apartment features large bedrooms and an oversized living area. Residential zoning supports the existing duplex configuration, with owner-occupancy also identified as a potential use.
Key Highlights
- Two‑unit duplex with 3‑bedroom and 2‑bedroom apartments
- 1,933 square feet; built in 1910
- Separate utilities for each apartment
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
$28,204
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
7.10%
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%
$564,080
$564.1K
Cap Rate 7%
$402,914
$402.9K
Cap Rate 9%
$313,378
$313.4K
Market Conditions
NOI Build-Up for 1,933 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
$41.8K $21.60/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$40.3K $20.84/SF
− OpEx
−$12.1K −$6.25/SF
NOI
$28.2K $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%
$564,080
Cap Rate 7%
$402,914
Cap Rate 9%
$313,378
Alternative Uses
Best Use
Multifamily LT 5
$402.9K
$352.6K – $470.1K
NOI $28,204 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$370.5K
$324.2K – $432.2K
NOI $25,934 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$459.7K
$402.2K – $536.3K
NOI $32,177 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,139
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 - Two apartments offer separate utilities, private basement storage, and washer/dryer hookups.
Where is this duplex located?
The property is located at 82 Summer ST Laconia, NH.
What is the asking price?
The asking price for this property is $397,500.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom and 2‑bedroom apartments; 1,933 square feet; built in 1910; Separate utilities for each apartment
