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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

$7,390/mo

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Multi Family

Built in 1885

-- sqft lot

$1,045,500 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.

84 days

91

3

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

$1,045,500

$993,000 - $1.10M

$1,548/mo

Price history

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

Public tax history

Year	Property taxes	Tax 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