Date
Details
Price
Change
Source
6/02/2026
Listed
$1,130,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/23
$1,130,000 Just Listed
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1/23
Property Description
9-unit mixed use property in central Laconia consisting of eight 1-bedroom apartments and a 928 SF commercial space. The building has been improved through updates to several apartments and the common areas, and the roof was replaced in 2021. All 8 apartments are occupied and rents are terrific with an average residential rent of $1,432/unit/month, and opportunity exists for the next owner to add revenue by leasing the commercial space. In total, the property generates ~$155K in pro forma gross revenue and ~$105K per year in NOI, corresponding to a 9.3% cap rate at the asking price. Landlord pays for heat, hot water, cold water, and electricity. There are 6 off-street parking spaces and ample street parking in the immediate vicinity. Owner is a real estate licensee.
Full Property Details
Full Property Details for 261 Union Ave
General
- Price: $1,130,000
- Status: Active
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5092356
- Updated: 6/2/2026
- Added to Site: 1 day(s) ago
Rental Information
- Lease Terms: Unit1=Annual, Unit2=Annual, Unit3=Annual, Unit4=Annual, Unit5=Annual, Unit6=Annual, Unit7=Annual, Unit8=Annual,
Exterior
- Color: Blue
Location
- County: Belknap
- Condo Project Name: Monthly
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas, Gravity, Hot Water
Utilities
- Sewer: Public
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Walkout
- Basement Desc.: Concrete Floor, Dirt Floor
- Roof: Asphalt Shingles
- Stories/Levels: 2.5
- Finished Total: 5,338 Sq. Ft.
- Finished Above Grnd: 5,338 Sq. Ft.
- Year Built: 1885
Unit Information
- 1 Bedroom Units: 8
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Bedrooms: 1
Unit 6
- Bedrooms: 1
Unit 7
- Total Bathrooms: 1
- Bedrooms: 1
Unit 8
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,485
- Frontage: TBD
- Driveway/Sidewalk: Paved
- Zoning: UC
Financial Considerations
- Price Per Sq. Ft.: $211.69
Disclosures and Reports
- Block: 220
- Lot Number: 37
- Flood plain: Yes
Listed by Gray Property Group, LLC, Nick Gray and Matthew Dennehy
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listed by Gray Property Group, LLC, Nick Gray and Matthew Dennehy
Listing agents
— 261 Union Ave —
Nick Gray
Gray Property Group, LLC
Matthew Dennehy
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 261 Union Ave
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 261 Union Ave
Estimate the Cost
Estimate the Cost for 261 Union Ave
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- 2Total Baths
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- Updated 2 days ago
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- Lots/Land
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- 1Total Bath
- 628Sq. Ft.
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- Condo
- Closed
- 4Beds
- 3Total Baths
- 1,790Sq. Ft.
Listed by Kara and Co - Real Broker NH,LLC
Sold by BHHS Verani Concord
Sold by BHHS Verani Concord
- Single Family
- Closed
- 4Beds
- 4Total Baths
- 3,539Sq. Ft.
Listed by Mel McShane and Judy McShane
Sold by Big Lake Realty, LLC
Sold by Big Lake Realty, LLC
- Single Family
- Closed
- 4Beds
- 5Total Baths
- 5,818Sq. Ft.
Listed by Susan Bradley
Sold by Four Seasons Sotheby's Int'l Realty
Sold by Four Seasons Sotheby's Int'l Realty
261 Union Avenue, Laconia, NH 03264 (MLS# 5092356) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 261 Union Avenue is currently listed for $1,130,000 and was received on June 02, 2026. Want to learn more about 261 Union Avenue? 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.