Interior Features
- FlooringHardwood, Laminate, Tile, Vinyl
‹ Back to Laconia
Questions about this home? Call or text ![]()
Keith Wade at 603-818-7976.
Keith Wade at 603-818-7976.Show all 59 photos
Home Highlights
4‑Car Garage
7% Under Estimated ValueQuantarium estimate: $645,908
47% Below Area $/Sq Ft$177 vs $333, the Laconia median
Minimal Flood RiskFEMA Zone X
About This Home
Fully leased five-unit investment property in Laconia, offered at a 9.2% cap rate on in-place income. 24-26 Messer Street offers four one-bedroom units and one three-bedroom unit with two full baths and a bonus room, in a city-approved 1890 building on a 0.34-acre in-town lot with a detached four-bay garage. Current rents total $6,450 per month ($77,400 per year), plus coin-op laundry income. The three-bedroom was newly leased in September 2026 at $2,200, and one one-bedroom has been fully renovated with refinished floors, a new kitchen and a new bath. Three one-bedrooms are long-term, month-to-month tenancies of six years or more, renting well below comparable Laconia one-bedrooms and giving a new owner clear room to grow income. Tenants pay their own electric. Each unit has its own electric meter and panel. The building has natural gas hot-water heat and town water and sewer, plus a 1,956 sq ft unfinished walkout basement for storage. The four-bay garage currently produces no income and offers additional upside. Based on seller-provided figures, net operating income is approximately $54,973, a 9.2% cap rate at the $599,000 asking price. Bringing the one-bedrooms toward market would lift the cap rate above 10%. An investment summary with the full rent roll, operating statement and comparable sales is available on request. Personal items and furnishings of tenants have been digitally removed. All information, including rents, expenses, income, cap rate and square footage, is provided for informational purposes only and is believed reliable but is not guaranteed. Buyer and buyer's agent to verify all information and conduct their own due diligence.
Read moreKey Details
MLS #5112954
Monthly HOA
Price / Sq Ft$177
Listed10-05-2026
Property TypeMulti-Family
Subdivision
Tax (2025)$5,971
Assessed Value$460,000
How This Home Compares
vs. the 208 homes for sale in LaconiaPrice$599,990
Median $497,000
$106,000
$3,650,000
21% above the median Laconia home ($497,000).
Price per Sq Ft$177
Median $333
$89
$4,750
47% below the median Laconia home ($333).
Home Size3,393 sq ft
Median 1,717 sq ft
40 sq ft
9,246 sq ft
98% larger than the median Laconia home (1,717 sq ft).
Lot Size0.34 acres
Median 0.25 acres
0.04 acres
108.00 acres
36% larger than the median Laconia home (0.25 acres).
Days on Market12 days
Median 72 days
1 days
488 days
Newer to the market than most homes here (72 days median).
24 Messer St at a Glance
MLS# 5112954
Offered at $599,990, this 7 bed, 6 bath home has 3,393 square feet of living space and was built in 1890. It sits in Laconia, zoned for Pleasant Street School, Laconia Middle School and Laconia High School.
Want to see it in person? Schedule a showing or call Keith Wade at 603-818-7976.
Property Details
Kitchen and Appliances
- Natural Gas Water Heater
- Water Heater Off Boiler
Exterior and Lot
- Natural Shade
- Porch
- Frontage Length62
- Road Frontage TypePublic, Public Maintained Road
- Porch
Garage and Parking
- DrivewayCommon/Shared, Paved
- Garage Spaces4
- Parking FeaturesDriveway, Paved
Building and Construction
- Total Square Feet Living3,393
- Year Built1890
- Above Grade Finished Area3,393
- Construction MaterialsWood Frame, Asbestos Exterior
- Foundation DetailsBrick, Granite
- Property Age136
- RoofAsphalt Shingle, Metal
- Levels or Stories2
- Total Area Sqft3,393
- Year Built DetailsExisting
- Architectural StyleApartment Building
Bedrooms and Bathrooms
- Bedrooms7
- Total Bathrooms6
- Full Bathrooms6
Heating and Cooling
- Heating FeaturesNatural Gas, Gas Heater, Hot Water, Radiator
Other Rooms
- Basement DescriptionConcrete Floor,Full,Storage Space,Unfinished
Land Info
- Lot DescriptionCity Lot, Level, Sidewalks, Near Paths, Near Shopping, Near Hospital, Near School(s)
- Lot Size Acres0.34
- Lot Size Square Feet14,810
School Information
- Elementary SchoolPleasant Street Elementary Sch
- High SchoolLaconia High School
- Middle SchoolLaconia Middle School
- School DistrictLaconia Sch Dst SAU #30
Multi-Unit Info
- Number of Units5
- Bedrooms in Unit-11
- Bedrooms in Unit-21
- Bedrooms in Unit-33
- Bedrooms in Unit-41
- Bedrooms in Unit-51
- Total Bathrooms in Unit-11
- Total Bathrooms in Unit-21
- Total Bathrooms in Unit-32
- Total Bathrooms in Unit-41
- Total Bathrooms in Unit-51
- Full Bathrooms in Unit-11
- Full Bathrooms in Unit-21
- Full Bathrooms in Unit-32
- Full Bathrooms in Unit-41
- Full Bathrooms in Unit-51
- Unit 1 Total Actual Rent1,150
- Unit 2 Total Actual Rent950
- Unit 3 Total Actual Rent2,600
- Unit 4 Total Actual Rent1,200
- Unit 5 Total Actual Rent950
Other Property Info
- Annual Tax Amount5,971
- Source Listing StatusActive Under Contract
- CountyNh-Belknap County
- DirectionsChurch Street to Messer St to # 24 on Left.
- Tax Year2025
- Source Property TypeMulti-Family
- Number of Separate Electric Meters5
- Number of Separate Gas Meters1
- ZoningUC
Utilities
- Electric100 Amp Service, Circuit Breaker(s)
- SewerPublic
- Cable Available
- Underground Gas
- Water SourcePublic
Schools Zoned for This Home
Laconia School District
elementary · K-5Photo: Google Street ViewPleasant Street School
5/10
middle · 6-8Photo: Google Street ViewLaconia Middle School
5/10
high · 9-12Photo: Google MapsLaconia High School
2/10
Mortgage Calculator
For 24 Messer St, Laconia, NH 03246Estimated Monthly Payment
/ month
Loan Amount
Down Payment
Down PaymentLoan Amount
$
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Today's national average$
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Rate from today's national average (7.28%). Includes estimated property taxes and HOA; homeowners insurance not included. An estimate, not a loan offer.
Price History
Listed For
$599,990on 10-05-2026
Last Sold $115,000 on 09-01-2022
First Recorded Sale $240,533 in 2004
SoldListed
| Date | Event | Price | Change |
|---|---|---|---|
| 10-05-2026MLSListed | Listed | $599,990 | +$484,990+421.7% |
| 09-01-2022Public RecordSold | Sold | $115,000 | −$325,000−73.9% |
| 05-26-2021MLSSold | Sold | $440,000 | +$199,467+82.9% |
| 01-07-2004Public RecordSold | Sold | $240,533 | — |
2025 Property Tax
$5,971per year
Assessed Value $460,000
Tax records back to 2007
| Year | Property Tax | Assessed Value |
|---|---|---|
| 2025 | $5,971 | $460,000 |
| 2023 | $5,568 | $400,300 |
| 2022 | $4,798 | $323,100 |
| 2021 | $5,334 | $282,800 |
| 2020 | $5,035 | $255,300 |
| 2019 | $4,738 | $230,100 |
| 2018 | $4,714 | $226,100 |
| 2017 | $4,467 | $212,400 |
| 2016 | $4,431 | $199,600 |
| 2015 | $4,298 | $193,600 |
| 2014 | $4,332 | $193,400 |
| 2012 | $3,766 | $179,300 |
| 2011 | $4,256 | $207,000 |
| 2009 | $4,305 | $238,600 |
| 2007 | $4,184 | $258,300 |
Sale prices from public records; list prices from the MLS. Taxes shown are for the prior owner and can change after a sale.
24 Messer St FAQ
At $599,990, the asking price of 24 Messer St is 20.7% above the median asking price of $497,000 for homes for sale in Laconia.
- Its price per square foot is $177, 46.9% below the median of $333 for homes for sale in Laconia.
- That is the 9th lowest price per square foot of the 177 homes for sale in Laconia that list their size.
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Copyright 2026, PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Information Last Updated 10-17-2026