22 West St, Laconia, NH 03246
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
***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.
Location
Full feature list
Basic info
- Property type
- Other residential
- Number of stories
- 2
- Lot size (acres)
- 0.47
- Year built
- 1920
Interior features
- Basement
- Yes
Exterior features
- Horse amenities
- Stable
Utilities
- Heating
- Oil
- Cooling
- None
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: PrimeMLS MLS®#: 5094019 Last checked: …

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