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
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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: 6/29/2026
- Added to Site: 83 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
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We Value Your Privacy
Listed by Gray Property Group, LLC, Nick Gray
Listing agent
— 261 Union Ave —
Nick Gray
Gray Property Group, LLC
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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- Condo
- Closed
- 3Beds
- 2Total Baths
- 2,081Sq. Ft.
Listed by Moe Marketing Realty Group
Sold by Moe Marketing Realty Group
Sold by Moe Marketing Realty Group
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Sold by Four Seasons Sotheby's Int'l Realty
Sold by Four Seasons Sotheby's Int'l Realty
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Sold by EXP Realty
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Listed by Roche Realty Group
Sold by Roche Realty Group
Sold by Roche Realty Group
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.