Under Contract
Laconia, NH

82 Summer Street

$397,500

MLS# 5088821

45 days on market
The Listing

A 1910s multi-family home in Laconia.

Bedrooms
Baths
1,933
Sq Ft
0.2
Acres

Investment Summary

Units
2
Multi-Family
Price / Unit
$198,750
Tax / Unit
$1,954/yr
$3,908 total
Cap Rate
9.9%
NOI / Price
GRM
8.7x
Gross Rent Multiplier
Gross Income
$45,600/yr
NOI
$39,264/yr
Zoning: Residential

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Description

This 2-unit multi-family property is the best value in town! The first-floor unit offers 3 bedrooms and 1 bath, while the second-floor unit features 2 bedrooms and 1 bath. Both apartments have separate utilities, keeping owner expenses low with only snow removal, landscaping, taxes, and insurance to cover. Each unit includes its own private basement area with washer/dryer hookups and plenty of storage space. There is also a detached 2-car garage. The first-floor apartment has been updated with a fully renovated kitchen featuring granite countertops and new flooring, and the carpet was replaced just a year ago. The spacious living area and generously sized bedrooms make this unit especially appealing. The upstairs apartment is also in excellent condition, offering large bedrooms and an oversized living area. Located close to the hospital, this property benefits from strong rental demand in Laconia. With vinyl siding and replacement windows already in place, this investment property requires very little maintenance. Use the property as a 2 family but would also make a great owner occupied! Open House: Saturday from 12:30 PM to 2:30 PM.

Features

Exterior

Garden
Double Pane Window(s)

Heating

Natural Gas
Baseboard
Hot Water
Zoned
Boiler

Cooling

None

Parking

Detached
Driveway
Garage
Parking Spaces 4
Paved

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Financial

Annual Taxes
$3,908

Location

Multi-Family · NH-Belknap County · Listed May 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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Closed sales in the past 12 months. Data from PrimeMLS.

$397,500

Under Contract

Sq Ft1,933
$/Sq Ft$206
Lot0.18 acres
Built1910
Vacation Rentals

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Listing courtesy of RE/MAX Innovative Bayside · The Platinum Group · 603-279-0079 · chriskelly@baysidenh.net
PrimeMLS

IDX display courtesy of Yankee Pedlar Realtors, Wolfeboro NH.

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