Exterior and Lot
- Road Frontage TypePublic
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Questions about this home? Call or text ![]()
Keith Wade at 603-818-7976.
Keith Wade at 603-818-7976.Show all 23 photos
About This Home
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.
Read moreKey Details
MLS #5092356
Monthly HOA
Price / Sq Ft$212
Listed06-02-2026
Property TypeMulti-Family
Subdivision
How This Home Compares
vs. the 208 homes for sale in LaconiaPrice$1,130,000
Median $497,000
$106,000
$3,650,000
127% above the median Laconia home ($497,000).
Price per Sq Ft$212
Median $333
$89
$4,750
36% below the median Laconia home ($333).
Home Size5,338 sq ft
Median 1,717 sq ft
40 sq ft
9,246 sq ft
211% larger than the median Laconia home (1,717 sq ft).
Lot Size0.08 acres
Median 0.25 acres
0.04 acres
108.00 acres
68% smaller than the median Laconia home (0.25 acres).
Days on Market137 days
Median 72 days
1 days
488 days
On the market longer than most homes here (72 days median).
261 Union Ave at a Glance
MLS# 5092356
Offered at $1,130,000, this 8 bed, 8 bath home has 5,338 square feet of living space and was built in 1885. It sits in Laconia, zoned for Woodland Heights Elementary 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
Garage and Parking
- DrivewayPaved
Building and Construction
- Total Square Feet Living5,338
- Year Built1885
- Above Grade Finished Area5,338
- Below Grade Unfinished Area1,212
- Construction MaterialsWood Frame, Vinyl Siding
- Foundation DetailsBrick, Granite, Stone
- Property Age141
- RoofAsphalt Shingle
- Levels or Stories2.5
- Total Area Sqft6,550
- Year Built DetailsExisting
- Architectural StyleApartment Building
Bedrooms and Bathrooms
- Bedrooms8
- Total Bathrooms8
- Full Bathrooms8
Heating and Cooling
- Heating FeaturesNatural Gas, Gravity, Hot Water
Other Rooms
- Basement DescriptionConcrete Floor,Dirt Floor
Land Info
- Lot DescriptionLevel
- Lot Size Acres0.08
- Lot Size Square Feet3,485
Rental Info
- Gross Income155,520
Multi-Unit Info
- Number of Units9
- Bedrooms in Unit-11
- Bedrooms in Unit-21
- Bedrooms in Unit-31
- Bedrooms in Unit-41
- Bedrooms in Unit-51
- Bedrooms in Unit-61
- Bedrooms in Unit-71
- Bedrooms in Unit-81
- Total Bathrooms in Unit-11
- Total Bathrooms in Unit-21
- Total Bathrooms in Unit-31
- Total Bathrooms in Unit-41
- Total Bathrooms in Unit-51
- Total Bathrooms in Unit-61
- Total Bathrooms in Unit-71
- Total Bathrooms in Unit-81
- Full Bathrooms in Unit-11
- Full Bathrooms in Unit-21
- Full Bathrooms in Unit-31
- Full Bathrooms in Unit-41
- Full Bathrooms in Unit-51
- Full Bathrooms in Unit-61
- Full Bathrooms in Unit-71
- Full Bathrooms in Unit-81
- Unit 1 Total Actual Rent1,300
- Unit 2 Total Actual Rent1,560
- Unit 3 Total Actual Rent1,300
- Unit 4 Total Actual Rent1,500
- Unit 5 Total Actual Rent1,300
- Unit 6 Total Actual Rent1,500
- Unit 7 Total Actual Rent1,500
- Unit 8 Total Actual Rent1,500
Other Property Info
- Source Listing StatusActive
- CountyNh-Belknap County
- Source Property TypeMulti-Family
- ZoningUC
Commercial Info
- Net Operating Income105,836
Utilities
- Electric100 Amp Service
- SewerPublic
- Cable
- Water SourcePublic
Schools Zoned for This Home
Laconia School District
elementary · K-5Photo: Google Street ViewWoodland Heights Elementary 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 261 Union Ave, Laconia, NH 03246Estimated Monthly Payment
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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
$1,130,000on 06-02-2026
| Date | Event | Price | Change |
|---|---|---|---|
| 06-02-2026MLSListed | Listed | $1,130,000 | — |
Sale prices from public records; list prices from the MLS. Taxes shown are for the prior owner and can change after a sale.
261 Union Ave FAQ
At $1,130,000, the asking price of 261 Union Ave is about 2.3 times the median asking price of $497,000 for homes for sale in Laconia.
- Its price per square foot is $212, 36.5% below the median of $333 for homes for sale in Laconia.
- That is the 27th 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