261 Union Avenue, Laconia, NH 03264

• 6,550 sqft

Property Description

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.

Listing Status:

Active

Date Added:

June 2, 2026

Data Last Updated:

July 28, 2026 at 9:57PM

Listing Office:

Gray Property Group, LLC : 603-637-4812

Listing Agent:

Nick Gray : 603-637-4812 : ngray@graypropertygroup.com

MLS ID:

5092356

Interior

• Basement: Concrete FloorDirt Floor
• A/C: None
• Heating: Natural GasGravityHot Water

Exterior

• Style: Apartment Building

Construction

• Roofing: Asphalt Shingle
• General: Wood FrameVinyl SidingBrickGraniteStone

Location

• Road/Access: Public
• County: Belknap

Lot

• Driveway: Paved
• Zoning: UC

Utilities

• Utilities: Cable
• Water: Public
• Sewer: Public