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. The seller will deliver the property fully occupied and rents are terrific with a median residential rent of $1,500/unit/month and commercial rent of $1,500/month. In total, the property generates ~$161K in gross revenue and ~$112K per year in NOI, corresponding to a 9.0% 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.
Property Details
Property Features
Property Information:
Year Built: 1885
Living Area: 5,338 SqFt
Listing Office:
Office Name: Gray Property Group, LLC
Office Phone: (603) 637-4812
Listing Agent: Nick Gray
Interior Features
Interior Information:
Basement: Yes
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Gravity, Hot Water
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $1,230,000
Price Per SqFt: $230/SqFt
Tax Information:
Annual Amount: $4,127
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Laconia, NH.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/23/2024, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 01, 2021
Jun 01, 2021Home Sold
$395,000
Mar 11, 2005
Mar 11, 2005Home Sold
$270,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$4,127
$209,300
2018
$4,068
$195,100
2017
$4,820
$229,200
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Woodland Heights Elementary School
225 Winter St Ext
Distance between this listing and this school0.54 miles
Public District Grades PK-5
4
/10
Pleasant Street School
350 Pleasant St
Distance between this listing and this school0.79 miles
Public District Grades PK-5
4
/10
Elm Street School
478 Elm St
Distance between this listing and this school1.83 miles
Public District Grades PK-5
Nearby Schools
3
/10
Laconia Middle School
150 McGrath St
Distance between this listing and this school0.55 miles
Public District Grades 6-8
6
/10
Gilford Middle School
72 Alvah Wilson Rd
Distance between this listing and this school3.02 miles
Public District Grades 5-8
5
/10
Belmont Middle School
38 School St
Distance between this listing and this school6.43 miles
Public District Grades 5-8
Nearby Schools
2
/10
Laconia High School
345 Union Ave
Distance between this listing and this school0.21 miles
Public District Grades 9-12
7
/10
Gilford High School
88 Alvah Wilson Rd
Distance between this listing and this school3.06 miles
Public District Grades 9-12
5
/10
Belmont High School
255 Seavey Rd
Distance between this listing and this school5.66 miles
The neighbors living near this home have an average income of $39,091. Residents of Laconia, NH typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Living In Laconia, NH
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Laconia, NH?
Laconia's housing market is diverse, offering a mix of residential options that cater to a range of preferences. Single-family homes are prevalent, with a mix of traditional New England colonials, capes, and contemporary styles. The market also includes condominiums and townhouses, providing alternatives for those seeking lower-maintenance living. The architectural landscape is a blend of historic homes dating back to the early 20th century and newer constructions that reflect modern living standards. The homeownership rate in Laconia is robust, with a significant portion of residents owning their homes, while the remainder of the population opts for rental opportunities.
Is Laconia, NH a good place to live?
Laconia is celebrated for its scenic beauty and outdoor recreational opportunities, particularly around Lake Winnipesaukee and the nearby mountains. The community prides itself on a friendly, small-town atmosphere with a strong sense of local pride. Annual events like the Laconia Motorcycle Week draw visitors from across the region, showcasing the area's vibrant character and tradition of hospitality.
Are things conveniently located in Laconia, NH?
The city of Laconia is served by a number of public schools, including several elementary schools, a middle school, and a high school, as well as private educational institutions that offer additional choices for families. Healthcare services are accessible, with a local hospital providing emergency care, primary care, and specialized services. The public library system supports lifelong learning and community engagement. Retail and dining options in Laconia reflect the local culture, with a mix of independent shops and restaurants that contribute to the city's charm.
What does the transportation in Laconia, NH look like?
Laconia's transportation infrastructure supports both private and public transit options. The city's roads connect residents to major highways, facilitating travel and commuting to surrounding areas. Public transportation services are available, with bus routes connecting key locations within the city and beyond. The area's walkability varies, with downtown Laconia being more pedestrian-friendly. Ride-sharing services are present, offering additional mobility options for residents and visitors. The city is also bike-friendly, with paths and lanes designated for cyclists.
Frequently Asked Questions About 261 Union Ave
What is the listing price of this property?
The listing price of 261 Union Ave property is $1,230,000.
What type of property is this?
The property 261 Union Ave is land located in Laconia, New Hampshire, 03264.
Is this property for sale now?
Active Listing: 261 Union Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $4,127 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 1, 2021 for $395,000. (source: MLS/tax record).
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This home is located at 261 Union Ave in Laconia, NH and zip code 03264. This 5,338 square foot home, which was built in 1885, sits on a 0.08 acre lot. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $1,230,000.
Over 3 listings were sold over their listed price in November 2024 in Laconia, NH. In the same period over 13 listings were sold below the listed price and 1 listings were sold for the listed price. The number of listings in Laconia, NH decreased by 8.9% between October 2024 and November 2024.
From Rocket Homes Real Estate and based on county public records data.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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