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$599,990 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 5 Units
  • 0.34 Acres
  • 4 Car Garage
  • Updated 10 hours ago
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Fully leased five-unit investment property in Laconia, offered at a 9.2% cap rate on in-place income. 24-26 Messer Street offers four one-bedroom units and one three-bedroom unit with two full baths and a bonus room, in a city-approved 1890 building on a 0.34-acre in-town lot with a detached four-bay garage. Current rents total $6,450 per month ($77,400 per year), plus coin-op laundry income. The three-bedroom was newly leased in September 2026 at $2,200, and one one-bedroom has been fully renovated with refinished floors, a new kitchen and a new bath. Three one-bedrooms are long-term, month-to-month tenancies of six years or more, renting well below comparable Laconia one-bedrooms and giving a new owner clear room to grow income. Tenants pay their own electric. Each unit has its own electric meter and panel. The building has natural gas hot-water heat and town water and sewer, plus a 1,956 sq ft unfinished walkout basement for storage. The four-bay garage currently produces no income and offers additional upside. Based on seller-provided figures, net operating income is approximately $54,973, a 9.2% cap rate at the $599,000 asking price. Bringing the one-bedrooms toward market would lift the cap rate above 10%. An investment summary with the full rent roll, operating statement and comparable sales is available on request. Personal items and furnishings of tenants have been digitally removed. All information, including rents, expenses, income, cap rate and square footage, is provided for informational purposes only and is believed reliable but is not guaranteed. Buyer and buyer's agent to verify all information and conduct their own due diligence.

Full Property Details for 24 Messer St

General

  • Price: $599,990
  • Taxes: $5,971 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: PrimeMLS
  • MLS ID: 5112954
  • Updated: 10/5/2026
  • Added to Site: 1 day(s) ago

Rental Information

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

Interior

  • Flooring: Hardwood, Laminate, Tile, Vinyl

Exterior

  • Exterior Features: Natural Shade, Porch
  • Color: Grey

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Parking: Driveway, Paved

Location

  • County: Belknap
  • Condo Project Name: Monthly
  • Driving Directions: Church Street to Messer ST to # 24 on left.

School Information

  • School District: Laconia Sch Dst SAU #30
  • Elementary School: Pleasant Street Elementary Sch
  • Middle School: Laconia Middle School
  • High School: Laconia High School

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Natural Gas, Gas Heater, Hot Water, Radiator
  • Furnaces: 1
  • Water Heaters: 1

Utilities

  • Sewer: Public
  • Trash: Cans, Curbside, Municipal
  • Separate Meters: Varies
  • # Gas Meters: 1
  • # Electric Meters: 5

Structural Information

  • Construction Status: Existing
  • Basement: Yes
  • Basement Entrance: Walk-up
  • Basement Desc.: Concrete Floor, Full, Storage Space, Unfinished
  • Roof: Asphalt Shingles, Metal
  • Stories/Levels: 2
  • Finished Total: 3,393 Sq. Ft.
  • Finished Above Grnd: 3,393 Sq. Ft.
  • Year Built: 1890

Unit Information

  • 1 Bedroom Units: 4
  • 3 Bedroom Units: 1
  • Units w/Refrigerators: 5
  • Units w/Range/Oven: 5

Unit 1

  • Level: 24A
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Level: 24B
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Level: 26
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 4

  • Level: 26A
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Includes/Amenities: Electric Range, Refrigerator, Smoke Detector
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.34
  • Lot Size (Sq. Ft.): 14,810
  • Frontage: Yes Road Frontage
  • Frontage Feet: 62
  • Driveway/Sidewalk: Common/Shared, Paved
  • Zoning: UC

Financial Considerations

  • Price Per Sq. Ft.: $176.83
  • Assessment Year: 2025
  • Assessment Amount: $460,000
  • Tax Amount: $5,971
  • Tax Year: 2025

Disclosures and Reports

  • Documents Avail.: Deed, Tax Map
  • Block: 158
  • Lot Number: 4

Listed by EXP Realty, Corina Cisneros

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Listed by EXP Realty, Corina Cisneros

Listing agent

— 24 Messer St —

  • Corina Cisneros

    EXP Realty

Cell: 603-273-6160

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 24 Messer 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 24 Messer St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/05/2026
Listed
$599,990
36.36%
MLS
5/26/2021
Sold
$440,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 24 Messer St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,971
3%
$460,000
8%
2024
$5,819
5%
$426,900
7%
2023
$5,568
16%
$400,300
24%
2022
$4,798
-10%
$323,100
14%
2021
$5,334
6%
$282,800
11%
2020
$5,035
6%
$255,300
11%
2019
$4,738
1%
$230,100
2%
2018
$4,714
6%
$226,100
6%
2017
$4,467
1%
$212,400
6%
2016
$4,431
3%
$199,600
3%
2015
$4,298
-1%
$193,600
—
2014
$4,332
3%
$193,400
1%
2013
$4,213
—
$190,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by EXP Realty, Corina Cisneros

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24 Messer Street, Laconia, NH 03246 (MLS# 5112954) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 24 Messer Street is currently listed for $599,990 and was received on October 05, 2026. Want to learn more about 24 Messer 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.

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