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    • Listed by: Gray Property Group, LLC • Nick Gray
    $1,130,000

    261 Union Avenue, Laconia, NH 03264

    8beds
    8baths
    5,338sqft
    : 
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    Multi Family
    Built in 1885
    -- sqft lot
    $1,057,800 Zestimate®
    $212/sqft
    $-- HOA

    What's special

    9-unit mixed use property in central Laconia consisting of eight 1-bedroom apartments and a 928 SF commercial space. The building has been improved through updates to several apartments and the common areas, and the roof was replaced in 2021. All 8 apartments are occupied and rents are terrific with an average residential rent of $1,432/unit/month, and opportunity exists for the next owner to add revenue by leasing the commercial space. In total, the property generates ~$155K in pro forma gross revenue and ~$105K per year in NOI, corresponding to a 9.3% cap rate at the asking price. Landlord pays for heat, hot water, cold water, and electricity. There are 6 off-street parking spaces and ample street parking in the immediate vicinity. Owner is a real estate licensee.
    38 days
    |
    107
    |
    1
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nick Gray,

    Gray Property Group, LLC 603-637-4812

    Source: PrimeMLS,MLS#: 5092356MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 8
      Heating
      • Natural Gas, Gravity, Hot Water
      Cooling
      • None
      Features
      • Basement: Concrete Floor,Dirt Floor,Walk-Out Access
      Interior area
      • Total structure area: 6,550
      • Total interior livable area: 5,338 sqft
      • Finished area above ground: 5,338
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Paved
      Features
      • Levels: 2.5
      Lot
      • Size: 3,485 Square Feet
      • Features: Level
      Details
      • Parcel number: LACOM426B220L37
      • Zoning description: UC

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Vinyl Siding
      • Foundation: Brick, Granite, Stone
      • Roof: Asphalt Shingle
      Condition
      • New construction: No
      • Year built: 1885

      Utilities & green energy

      • Electric: 100 Amp Service
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable

      Community & HOA

      Location
      • Region: Laconia

      Financial & listing details

      • Price per square foot: $212/sqft
      • Tax assessed value: $446,800
      • Annual tax amount: $6,090
      • Date on market: 6/2/2026

        Estimated market value

        $1,057,800

        $1.00M - $1.11M

        $1,943/mo

        Price history

        DateEventPrice
        6/2/2026Listed for sale$1,130,000-8.1%$212/sqft
        Source: PrimeMLS #5092356 Report a problem
        5/20/2025Listing removed$1,230,000$230/sqft
        Source: PrimeMLS #5021561 Report a problem
        12/7/2024Price change$1,230,000-5.3%$230/sqft
        Source: PrimeMLS #5021561 Report a problem
        11/8/2024Listed for sale$1,299,000+51.9%$243/sqft
        Source: PrimeMLS #5021561 Report a problem
        9/8/2023Sold$855,000+14%$160/sqft
        Source: Public Record Report a problem
        12/29/2021Sold$750,000-11.7%$141/sqft
        Source: PrimeMLS #4885747 Report a problem
        10/9/2021Listed for sale$849,000$159/sqft
        Source: PrimeMLS #4885747 Report a problem
        10/8/2021Contingent$849,000$159/sqft
        Source: PrimeMLS #4885747 Report a problem
        10/6/2021Listed for sale$849,000+114.9%$159/sqft
        Source: PrimeMLS #4885747 Report a problem
        6/1/2021Sold$395,000+46.3%$74/sqft
        Source: Public Record Report a problem
        3/11/2005Sold$270,000$51/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$6,090 +26.9%$446,800 +29.5%
        2023$4,799 -0.2%$345,000 +6.5%
        2022$4,811 +21.9%$324,000 +54.8%
        2021$3,947 -4.4%$209,300
        2020$4,127 -1.2%$209,300 +3.2%
        2019$4,178 +2.7%$202,900 +4%
        2018$4,068 -15.6%$195,100 -14.9%
        2017$4,820 -5.3%$229,200
        2016$5,088 +7.8%$229,200 +7.8%
        2015$4,722 -0.8%$212,700 +0.1%
        2014$4,760 $212,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 03246

        Getting around

        79 / 100
        Very Walkable
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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