22 West ST, Laconia, NH 03246
22 West ST, Laconia, NH 03246
22 West ST, Laconia, NH 03246
22 West ST, Laconia, NH 03246
22 West ST, Laconia, NH 03246
22 West ST, Laconia, NH 03246
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Guillermo A Molina Jr

Guillermo A Molina Jr

+1(978) 360-3441
Listed by Keegan Rice • Badger Peabody & Smith Realty • Cell: 603-348-7261
$ 590,000
Est. payment | /mo

4,342 SqFt

Save
$ 590,000
Est. payment | /mo
Save

4,342 SqFt

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 4,342 sqft

Price per Sqft $135

MLS Listing ID 5094019

Construction Status Existing

Year Built 1920

Annual Tax Amount $7,291

Tax Year 2025

Lot Size 0.470 Acres

Acres 0.47

Property Description

***Group showings for Saturday and Sunday have been cancelled*** Turnkey 6-unit multifamily in the heart of Laconia's Lakes Region: two buildings on a 0.47-acre in-town lot, steps from Memorial Park and a short stroll to Lake Winnisquam. Extensively improved and meticulously maintained, with a new boiler, upgraded flooring, fresh paint, and renovated baths already done for the next owner. All units are currently occupied. The four-unit building offers two spacious 3-bedroom homes plus two 1-bedrooms; a separate two-unit cottage adds a 1-bed and a 2-bed. Unit mix: three 1BR, one 2BR, and two 3BR. Strong in-place numbers with real upside. Contract rents total $96,916/year against a recast NOI near $50,463, about an 8.55% cap at list price, with pro forma approaching 9.4% as rents stabilize. Four of six units are currently landlord-paid for heat, hot water, and electricity, offering a clear path to expense recovery and added income. Unbeatable location: walk to the ballfields, tennis, and open green space at Memorial Park, enjoy nearby lake access, and reach downtown Laconia's shops and dining in minutes. Central to Tilton, I-93, and the broader Lakes Region and its deep year-round and seasonal rental demand. On-site parking and storage shed included. A rare blend of condition, cash flow, and an excellent setting. Ideal for investors seeking stable income with built-in upside. Offering memorandum with financials and unit floor plans available.

Location

State NH

County Nh-belknap

Area Nh-Belknap

Zoning RG

Rooms

Basement Entrance Interior

Basement Concrete

Interior

Cooling None

Flooring Vinyl Plank

Exterior

Utilities Available Cable

Roof Type Shingle

Building

Story 2

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

PrimeMLS

NEARBY SCHOOLS & PROPERTIES

Guillermo A Molina Jr

+1(978) 360-3441

info@theomteam.com

190 State Street Unit 5, Newburyport, MA, 01950, United States

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