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Listed by: Ian Handel Real Estate • Ian D Handel

Bought with: Alexander Real Estate

$807,500

18-20 Cleveland Place, Laconia, NH 03246

10beds

3,132sqft

Multi Family

Built in 1900

-- sqft lot

$815,200 Zestimate^®

$258/sqft

$1,833 Estimated rent

Home value

$815,200

$701,000 - $946,000

$1,833/mo

Zestimate^® history

Owner options

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$1,833/mo

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$1,833/mo

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$4,174/mo

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$4,174/mo

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What's special

Fully renovated unitNew flooringNew roofNew rear porchAmple off-street parkingNew natural gas heaters

Cash-flowing, well-managed 6-unit property with numerous updates and stable tenancy. All tenants are current on rent and pay their own utilities (except hot water). The property features two 1-bedroom and four 2-bedroom units, offering a desirable mix. All kitchen and bathrooms are updated. Recent improvements include four new natural gas heaters (2024), electric mini-splits (2021) in four units providing heat and A/C, and a fully renovated Unit 1 down to the studs. Additional upgrades include a new roof (2022), repointed chimney with new flashing, new flooring in most units, and a new rear porch. An on-site coin-operated laundry adds extra income. Parking lot with permanent easement provides ample off-street parking. Turnkey investment with strong rental history and no major updates needed. Seller is a licensed NH realtor.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 6
Full bathrooms: 6

Heating

Natural Gas, Mini Split

Cooling

Mini Split

Appliances

Included: Natural Gas Water Heater

Features

Flooring: Laminate, Vinyl Plank
Basement: Concrete Floor,Interior Entry

Interior area

Total structure area: 4,866
Total interior livable area: 3,132 sqft
Finished area above ground: 3,132
Finished area below ground: 0

Property

Parking

Parking features: Dirt, Deeded, Parking Spaces 5 - 10

Features

Levels: 3

Lot

Size: 4,356 Square Feet
Features: Level

Details

Zoning description: RG

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Exterior
Foundation: Fieldstone
Roof: Architectural Shingle

Condition

New construction: No
Year built: 1900

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Cable

Community & HOA

Location

Region: Laconia

Financial & listing details

Price per square foot: $258/sqft
Annual tax amount: $6,643
Date on market: 10/6/2025

Price history

Date	Event	Price
12/26/2025	Sold	$807,500+4.2%$258/sqft
Source: PrimeMLS #5064532 Report a problem
10/6/2025	Listed for sale	$775,000+30.3%$247/sqft
Source: PrimeMLS #5064532 Report a problem
10/26/2022	Sold	$595,000+4.4%$190/sqft
Source: PrimeMLS #4913126 Report a problem
7/12/2022	Contingent	$569,900$182/sqft
Source: PrimeMLS #4913126 Report a problem
6/17/2022	Listed for sale	$569,900$182/sqft
Source: PrimeMLS #4913126 Report a problem
6/9/2022	Contingent	$569,900$182/sqft
Source: PrimeMLS #4913126 Report a problem
6/1/2022	Listed for sale	$569,900+78.1%$182/sqft
Source: PrimeMLS #4913126 Report a problem
1/3/2020	Sold	$320,000$102/sqft
Source: PrimeMLS #4766880 Report a problem