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  • Listed by: Badger Peabody & Smith Realty • Keegan Rice
    Bought with: Coldwell Banker Classic Realty
    $600,000

    22 West Street, Laconia, NH 03246

    --beds
    --baths
    4,342sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $595,900 Zestimate®
    $138/sqft
    $1,782 Estimated rent

    Home value

    $595,900

    $566,000 - $626,000

    $1,782/mo

    Zestimate® history
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    What's special

    Storage shed includedRenovated bathsFresh paintNew boilerOn-site parkingUpgraded flooring
    ***Group showings for Saturday and Sunday have been cancelled*** Turnkey 6-unit multifamily in the heart of Laconia's Lakes Region: two buildings on a 0.47-acre in-town lot, steps from Memorial Park and a short stroll to Lake Winnisquam. Extensively improved and meticulously maintained, with a new boiler, upgraded flooring, fresh paint, and renovated baths already done for the next owner. All units are currently occupied. The four-unit building offers two spacious 3-bedroom homes plus two 1-bedrooms; a separate two-unit cottage adds a 1-bed and a 2-bed. Unit mix: three 1BR, one 2BR, and two 3BR. Strong in-place numbers with real upside. Contract rents total $96,916/year against a recast NOI near $50,463, about an 8.55% cap at list price, with pro forma approaching 9.4% as rents stabilize. Four of six units are currently landlord-paid for heat, hot water, and electricity, offering a clear path to expense recovery and added income. Unbeatable location: walk to the ballfields, tennis, and open green space at Memorial Park, enjoy nearby lake access, and reach downtown Laconia's shops and dining in minutes. Central to Tilton, I-93, and the broader Lakes Region and its deep year-round and seasonal rental demand. On-site parking and storage shed included. A rare blend of condition, cash flow, and an excellent setting. Ideal for investors seeking stable income with built-in upside. Offering memorandum with financials and unit floor plans available.

    Zillow last checked:

    Listing updated:

    Listed by:

    Keegan Rice,

    Badger Peabody & Smith Realty Cell:603-348-7261,

    Melissa Sullivan,

    Badger Peabody & Smith Realty/Plymouth

    Bought with:

    Jay Lafore

    Coldwell Banker Classic Realty

    Source: PrimeMLS,MLS#: 5094019MLS Logo

    Facts & features

    Interior

    Heating
    • Oil
    Cooling
    • None
    Features
    • Flooring: Vinyl Plank
    • Basement: Concrete,Interior Entry
    Interior area
    • Total structure area: 5,458
    • Total interior livable area: 4,342 sqft
    • Finished area above ground: 4,342
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved
    Features
    • Levels: Two
    • Patio & porch: Covered Porch
    • Exterior features: Shed
    • Frontage length: Road frontage: 293
    Lot
    • Size: 0.47 Acres
    • Features: Corner Lot, Neighborhood, Near School(s)
    Details
    • Parcel number: LACOM455B238L34
    • Zoning description: RG

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame
    • Foundation: Concrete, Stone
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable

    Community & HOA

    Location
    • Region: Laconia

    Financial & listing details

    • Price per square foot: $138/sqft
    • Tax assessed value: $561,700
    • Annual tax amount: $7,291
    • Date on market: 6/11/2026

    Price history

    DateEventPrice
    7/15/2026Sold$600,000+1.7%$138/sqft
    Source: PrimeMLS #5094019 Report a problem
    6/16/2026Pending sale$590,000$136/sqft
    Source: PrimeMLS #5094019 Report a problem
    6/11/2026Listed for sale$590,000+13.5%$136/sqft
    Source: PrimeMLS #5094019 Report a problem
    11/16/2021Sold$520,000+23.8%$120/sqft
    Source: PrimeMLS #4877995 Report a problem
    8/6/2019Sold$420,000-6.5%$97/sqft
    Source: PrimeMLS #4748158 Report a problem
    5/16/2019Price change$449,000-7.4%$103/sqft
    Source: RE/MAX Bayside #4748158 Report a problem
    4/30/2019Listed for sale$485,000+102.9%$112/sqft
    Source: RE/MAX Bayside #4748158 Report a problem
    3/21/2017Listing removed$700
    Source: Bayside Rentals Report a problem
    2/20/2017Listed for rent$700
    Source: Zillow Rental Manager Report a problem
    10/5/2016Sold$239,000-4.4%$55/sqft
    Source: Public Record Report a problem
    8/11/2016Pending sale$250,000$58/sqft
    Source: RE/MAX Bayside Laconia #4501019 Report a problem
    6/29/2016Listed for sale$250,000$58/sqft
    Source: RE/MAX Bayside Laconia #4501019 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$7,182 +5.2%$526,900 +7.3%
    2023$6,828 +16.2%$490,900 +24.1%
    2022$5,875 +1.7%$395,600 +29.1%
    2021$5,779 +6.1%$306,400 +11%
    2020$5,445 +3.8%$276,100 +8.4%
    2019$5,244 +0.5%$254,700 +1.8%
    2018$5,217 +3.9%$250,200 +4.8%
    2017$5,020 +0.2%$238,700 +5.8%
    2016$5,008 +6%$225,600 +6%
    2015$4,724 -2.8%$212,800 -1.9%
    2014$4,861 +2.8%$217,000 +1.3%
    2013$4,730 +8.7%$214,200 +3.4%
    2012$4,351 -9%$207,200 -10.9%
    2011$4,780 +3%$232,500 -9.6%
    2009$4,642 +1.4%$257,300 -4.6%
    2008$4,577 +0.1%$269,700 -4.5%
    2007$4,573 $282,300
    Find assessor info on the county website

    Neighborhood: 03246

    Nearby schools

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