Laconia, NH

8 Lewis Street

$975,000

MLS# 5092535

46 days on market
The Listing

A 1880s multi-family home in Laconia.

Bedrooms
Baths
4,790
Sq Ft
0.5
Acres

Investment Summary

Units
5
Multi-Family
Price / Unit
$195,000
Tax / Unit
$1,452.80/yr
$7,264 total
Cap Rate
8.2%
NOI / Price
GRM
9.0x
Gross Rent Multiplier
Gross Income
$108,660/yr
NOI
$80,325/yr
Zoning: RS

Interested in this investment property?

Contact us for full financials, rental history, and a personalized investment analysis.

Request full details →

Description

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."

Features

Heating

Hot Water

Cooling

Individual

Request Information

Interested in this property? One of our agents will follow up with you directly.

Financial

Annual Taxes
$7,264

Location

Multi-Family · NH-Belknap County · Listed Jun 2, 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.

Other Active Listings on Lake Winnipesaukee

AddressPrice
136 Daniel Webster Highway$1,200,000
601 Main Street$1,200,000
64 Long Bay Drive$1,199,000
22 Darwin Place$1,199,000
358 Roller Coaster Road$1,195,000
358 Roller Coaster Road$1,195,000

Active listings within 25% of this price. Browse all for-sale.

Recently Sold in Laconia

AddressSold PriceSold
9 Fells Way$685,000Jul 17, 2026
260 S Main Street$375,000Jul 17, 2026
376 Turner Way$685,900Jul 17, 2026
107 Messer Street$430,000Jul 15, 2026
44 Lady Walsingham Way$865,000Jul 15, 2026
591 Weirs Boulevard$143,000Jul 15, 2026

Closed sales in the past 12 months. Data from PrimeMLS.

$975,000

Active Listing

Sq Ft4,790
$/Sq Ft$204
Lot0.46 acres
Built1887
Vacation Rentals

Experience the Area First

Rent a lakefront property nearby for a week or more

Listing courtesy of RE/MAX Innovative Bayside · Jim Miller · 603-279-0079 · jim03253@gmail.com
PrimeMLS

IDX display courtesy of Yankee Pedlar Realtors, Wolfeboro NH.

PrimeMLS Listing Information displayed herein is deemed reliable but is not guaranteed accurate by PrimeMLS. This display of listings may or may not be the entire Compilation from the PrimeMLS database, and PrimeMLS does not guarantee the accuracy of such information. © PrimeMLS, Inc.

Listing brokers may report inaccurate data to michelle@yankeepedlarrealtors.com or call (603) 569-1000.