22 West Street Laconia, NH 03246
Sold
Listing Courtesy of: MLS LogoPrimeMLS / Listed By: Keegan Rice, Badger Peabody & Smith Realty / Bought By: Jay Lafore, Coldwell Banker Classic Realty - Contact:  Cell: 603-348-7261

  22 West Street Laconia, NH 03246

Sold on 07/15/2026
$600,000 (USD)

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.

Sold Date:
07/15/2026
Lot Size
0.47 acres
Type
Multifamily
Year Built
1920
Style
Multi-Family
County
Belknap County

Listed By

Keegan Rice, Badger Peabody & Smith Realty, Contact: Cell: 603-348-7261
Bought with
Jay Lafore, Coldwell Banker Classic Realty
Source
PrimeMLS
Last checked Jul 27 2026 at 2:33 PM GMT+0000
Bathroom Details
Lot Information
  • Corner Lot
  • Near School(s)
  • Neighborhood
Property Features
  • Foundation: Concrete
  • Foundation: Stone
Heating and Cooling
  • Oil
  • None
Basement Information
  • Concrete
Flooring
  • Vinyl Plank
Exterior Features
  • Shed
  • Covered Porch
  • Roof: Shingle
Utility Information
  • Utilities: Cable
  • Sewer: Public Sewer
  • Fuel: Oil
Stories
  • Two
Living Area
  • 4,342 sqft

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jun 11, 2026
Listed
$590,000
-
-
Additional Information: Badger Peabody & Smith Realty | Cell: 603-348-7261
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