Exceptional investment opportunity (8%+ ROI) in the heart of Laconia. This five-unit multifamily property offers a diverse mix of apartments ranging from a spacious four-bedroom unit to a studio, providing broad tenant appeal and excellent rental flexibility. Ideally situated on a quiet side street, the property is within walking distance of downtown Laconia, shopping, restaurants, schools, parks, and everyday conveniences. One of its most attractive features is its proximity to the public beach on beautiful Lake Opechee, allowing tenants to enjoy swimming, kayaking, fishing, and lakeside relaxation just a short stroll from home. The varied unit mix appeals to a wide range of tenants, from individuals and couples to larger households, helping support strong occupancy and long-term investment performance. Located in the heart of New Hampshire's Lakes Region, the property offers convenient access to area recreation, employment, and services while maintaining a neighborhood feel. Property Highlights: Five-unit multifamily property Apartment sizes ranging from studio to four-bedroom Walking distance to downtown Laconia Short walk to the public beach on Lake Opechee Close to shopping, restaurants, schools, and parks Strong tenant appeal with diverse unit mix Excellent Lakes Region investment opportunity "A rare opportunity to own a versatile multifamily property in a convenient in-town location, with the added benefit of nearby lake access and all that the Lakes Region has to offer."
Operating Expenses : Insurance,Maintenance,Utilities
Construction: Wood Frame
Year Built: 1887
Style: New Englander
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 6545
Above Grade Sq.Ft.: 4790
Basement: Partial
Exterior Color: tan
Roof: Asphalt Shingle
Seasonal: No
Heating: Hot Water
Cooling: Individual
Electric: Circuit Breaker(s)
Utilities: Cable at Site | Phone
Electric Meters: 4
Gas_Meters: 1
Water: Public
Sewer: Public
Land Information
City Lot | Corner | Neighborhood | Beach Access | Near School(s)
Lot size: 0.46 acres
Zoned: RS)
Surveyed: Unk
Flood Zone: Unknown
Road Frontage: 263
Driveway: Paved