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$600,000
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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.
Full Property Details
Full Property Details for 22 West St
General
- Sold For: $600,000
- Taxes: $7,291 (2025)
- Status: Closed
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5094019
- Added to Site: 64 day(s) ago
Interior
- Flooring: Vinyl Plank
Exterior
- Exterior Features: Covered Porch, Shed
Location
- County: Belknap
Heating & Cooling
- Cooling Type: None
- Heating Type: Oil
Utilities
- Sewer: Public
- # Electric Meters: 6
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Interior
- Basement Desc.: Concrete
- Roof: Shingle
- Stories/Levels: 2
- Finished Total: 4,342 Sq. Ft.
- Finished Above Grnd: 4,342 Sq. Ft.
- Year Built: 1920
Unit Information
- 1 Bedroom Units: 3
- 2 Bedroom Units: 1
- 3 Bedroom Units: 2
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Size (Acres): 0.47
- Lot Size (Sq. Ft.): 20,473
- Frontage: Yes Road Frontage
- Frontage Feet: 293
- Driveway/Sidewalk: Paved
- Zoning: RG
Financial Considerations
- Price Per Sq. Ft.: $135.88
- Assessment Year: 2025
- Assessment Amount: $561,700
- Tax Amount: $7,291
- Tax Year: 2025
Disclosures and Reports
- Block: 238
- Lot Number: 34
Listed by Badger Peabody & Smith Realty, Keegan Rice and Melissa Sullivan
Sold by Coldwell Banker Classic Realty, Jay. Lafore
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Schools
Schools serving 22 West St
School District:Laconia School District
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 22 West St
Date
Details
Price
Change
Source
7/15/2026
Sold
$600,000
1.69%
MLS
6/10/2026
Listed
$590,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
22 West Street, Laconia, NH 03246 (MLS# 5094019) is a Multi-Family property that was sold at $600,000 on July 15, 2026. Want to learn more about 22 West Street? 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.

