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$807,500

  • Sold
  • Closed
  • Multi-Family
  • 6 Units
  • 0.1 Acres
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Cash-flowing, well-managed 6-unit property with numerous updates and stable tenancy. All tenants are current on rent and pay their own utilities (except hot water). The property features two 1-bedroom and four 2-bedroom units, offering a desirable mix. All kitchen and bathrooms are updated. Recent improvements include four new natural gas heaters (2024), electric mini-splits (2021) in four units providing heat and A/C, and a fully renovated Unit 1 down to the studs. Additional upgrades include a new roof (2022), repointed chimney with new flashing, new flooring in most units, and a new rear porch. An on-site coin-operated laundry adds extra income. Parking lot with permanent easement provides ample off-street parking. Turnkey investment with strong rental history and no major updates needed. Seller is a licensed NH realtor.

Full Property Details for 18-20 Cleveland Pl

General

  • Sold For: $807,500
  • Taxes: $6,643 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: PrimeMLS
  • MLS ID: 5064532
  • Added to Site: 104 day(s) ago

Rental Information

  • Lease Terms: Unit1=Month to Month, Unit2=Month to Month, Unit3=Month to Month, Unit4=Month to Month, Unit5=Month to Month, Unit6=Month to Month,

Interior

  • Flooring: Laminate, Vinyl Plank

Exterior

  • Color: Yellow

Parking

  • Parking: Deeded, Parking Spaces 5 - 10

Location

  • County: Belknap
  • Condo Project Name: Monthly

Heating & Cooling

  • Cooling Type: Mini Split
  • Heating Type: Natural Gas, Mini Split
  • Furnaces: 6
  • Water Heaters: 1

Utilities

  • Sewer: Public
  • Trash: Municipal
  • Separate Meters: Yes
  • # Gas Meters: 5
  • # Electric Meters: 7

Structural Information

  • Construction Status: Existing
  • Basement: Yes
  • Basement Entrance: Interior
  • Basement Desc.: Concrete Floor
  • Roof: Architectural Shingle
  • Stories/Levels: 3
  • Finished Total: 3,132 Sq. Ft.
  • Finished Above Grnd: 3,132 Sq. Ft.
  • Year Built: 1900

Unit Information

  • 1 Bedroom Units: 2
  • 2 Bedroom Units: 4
  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 6

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 5

  • Bedrooms: 1

Unit 6

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,356
  • Frontage: TBD
  • Driveway/Sidewalk: Dirt
  • Zoning: RG

Financial Considerations

  • Price Per Sq. Ft.: $247.45
  • Tax Amount: $6,643
  • Tax Year: 2024

Disclosures and Reports

  • Block: 452
  • Lot Number: 86

Listed by Ian Handel Real Estate, Ian D Handel
Sold by Ian Handel Real Estate, Ian D. Handel

Listed by Ian Handel Real Estate, Ian D Handel
Sold by Ian Handel Real Estate, Ian D. Handel

Listing agent

— 18-20 Cleveland Pl —

  • Ian D Handel

    Ian Handel Real Estate

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NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

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Schools serving 18-20 Cleveland Pl

School District:Laconia School District
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 18-20 Cleveland Pl

Date
Details
Price
Change
Source
12/26/2025
Sold
$807,500
4.19%
MLS
10/06/2025
Listed
$775,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Ian Handel Real Estate, Ian D Handel
Sold by Ian Handel Real Estate, Ian D. Handel

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18-20 Cleveland Place, Laconia, NH 03246 (MLS# 5064532) is a Multi-Family property that was sold at $807,500 on December 26, 2025. Want to learn more about 18-20 Cleveland Place? Do you have questions about finding other Multi-Family real estate for sale in Laconia? You can browse all Laconia real estate or contact a Coldwell Banker agent to request more information.