Laconia, NH

42 Gilford Avenue

$649,000

MLS# 5086938

Listed today
The Listing

A 1780s multi-family home in Laconia.

Bedrooms
Baths
3,388
Sq Ft
0.5
Acres

Investment Summary

Units
2
Multi-Family
Price / Unit
$324,500
Tax / Unit
$3,001/yr
$6,002 total
Zoning: RG

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Description

INVESTORS & VISIONARIES: This 1780 property is a rare cash-flow machine with endless possibilities. Legally zoned as a 2-unit property, plus two separate workshop/storage areas ready for additional rental possibilities. Need an in-law suite? Done. Love 1780 antiques with original character still intact? This one speaks to you — and there have been some upgrades/updates throughout. With proper zoning variances, this could even become a lawyer or accountant's office. The truth is, there are dozens of ways to use this property—just bring your imagination. Location? Still everything. Centrally located near the hospital, grocery stores, big-box hardware, downtown shops, and everything people flock to the Lakes Region for. Sitting on nearly half an acre, you get a generous backyard and a large deck made for entertaining. Two street entrances/exits plus plenty of parking for everyone—tenants, guests, or work vehicles. Maybe you're a "project" person? There's plenty to do here. Or nothing at all. You decide. Here's the kicker: The seller had no intention of selling. Great rental history. Real cash flow. But plans change—and now this could be your opportunity.

Features

Exterior

Deck
Full Fence

Heating

Baseboard
Electric
Hot Water
Wood Stove

Cooling

None

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Financial

Annual Taxes
$6,002

Location

Multi-Family · NH-Belknap County · Listed May 4, 2026

About Laconia, NH

Laconia is the largest city in the Lakes Region, offering a mix of urban amenities and lakefront living. Weirs Beach, the region's most famous beach, is within city limits. Home to Motorcycle Week (the oldest rally in the US) and a revitalizing downtown with craft breweries and restaurants.

Weirs Beach boardwalk & arcades
Laconia Motorcycle Week (est. 1916)
WinnAero aviation education at airport
Opechee Park & beach
Lakes Region General Hospital
Drive-in movie theater at Weirs
County: Belknap
Population: ~17,000
Schools: Laconia (SAU 30)

Distances are approximate. Click any destination for driving directions. NH has no state income tax or sales tax.

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Recently Sold in Laconia

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51 Elm Street$359,950May 1, 2026
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7 Morris Avenue$400,000Apr 30, 2026

Closed sales in the past 12 months. Data from PrimeMLS.

$649,000

Active Listing

Sq Ft3,388
$/Sq Ft$192
Lot0.48 acres
Built1780
Vacation Rentals

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Listing courtesy of Starr Realty · Jason E Starr · 603-293-7227
PrimeMLS

Listing information provided by PrimeMLS for personal, non-commercial use. Data deemed reliable but not guaranteed. © PrimeMLS, Inc.