Laconia, NH

736 Union Avenue

$450,000

MLS# 5076674

107 days on market
The Listing

A 1900s multi-family home in Laconia.

Bedrooms
Baths
3,135
Sq Ft
0.1
Acres

Investment Summary

Units
10
Multi-Family
Price / Unit
$45,000
Cap Rate
13.9%
NOI / Price
GRM
4.9x
Gross Rent Multiplier
Gross Income
$91,800/yr
NOI
$62,481.28/yr
Zoning: Residental

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Description

This multifamily building, operated as a rooming house, is located within the recently revitalized and flourishing Lakeport District offering convenient access to a vibrant array of the arts entertainment, dining establishments, cafes, and retail opportunities. The property is comprised of ten approved units, furthermore, the Wow Trail is situated directly behind the building. Beaches and lakes are in close proximity. Don't judge a book by it's cover - this building is a cash cow and has significant room to grow NOI in the rapidly improving Lakeport area of Laconia. This property is offered as a standalone investment, or as part of a larger, 51-unit portfolio in Laconia.

Features

Heating

Oil

Cooling

None

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Location

Sale History

DateSale Price
Jan 17, 2025$285,000
Dec 22, 2014$149,900
Multi-Family · NH-Belknap County · Listed Feb 14, 2026

About Laconia, NH

Laconia is the largest city in the Lakes Region, offering a mix of urban amenities and lakefront living. Weirs Beach, the region's most famous beach, is within city limits. Home to Motorcycle Week (the oldest rally in the US) and a revitalizing downtown with craft breweries and restaurants.

Weirs Beach boardwalk & arcades
Laconia Motorcycle Week (est. 1916)
WinnAero aviation education at airport
Opechee Park & beach
Lakes Region General Hospital
Drive-in movie theater at Weirs
County: Belknap
Population: ~17,000
Schools: Laconia (SAU 30)

Distances are approximate. Click any destination for driving directions. NH has no state income tax or sales tax.

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Recently Sold in Laconia

AddressSold PriceSold
160 Treetop Circle$187,000May 29, 2026
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Closed sales in the past 12 months. Data from PrimeMLS.

$450,000

Active Listing

Sq Ft3,135
$/Sq Ft$144
Lot0.09 acres
Built1900
Listing courtesy of Waterfield Realty & Management LLC · Pamela Hughes · 781-777-3259
PrimeMLS

Listing information provided by PrimeMLS for personal, non-commercial use. Data deemed reliable but not guaranteed. © PrimeMLS, Inc.