Under Contract
Laconia, NH

22 West Street

$590,000

MLS# 5094019

7 days on market
The Listing

A multi-family home in Laconia.

Bedrooms
Baths
4,342
Sq Ft
0.5
Acres

Investment Summary

Units
6
Multi-Family
Price / Unit
$98,333.33
Tax / Unit
$1,215.17/yr
$7,291 total
Zoning: RG

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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.

Features

Exterior

Covered Porch
Shed

Heating

Oil

Cooling

None

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Financial

Annual Taxes
$7,291

Location

Sale History

DateSale Price
Nov 16, 2021$520,000
Aug 6, 2019$420,000
Oct 6, 2016$239,000
Multi-Family · NH-Belknap County · Listed Jun 10, 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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Active listings within 25% of this price. Browse all for-sale.

Recently Sold in Laconia

AddressSold PriceSold
591 Weirs Boulevard$182,500Jun 15, 2026
23 Rose Point$1,310,000Jun 15, 2026
30 Messer Street$429,000Jun 15, 2026
177 Mentor Avenue$750Jun 14, 2026
230 Court Street$339,000Jun 12, 2026
1023 Main Street$390,000Jun 12, 2026

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

$590,000

Under Contract

Sq Ft4,342
$/Sq Ft$136
Lot0.47 acres
Built1920
Vacation Rentals

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Listing courtesy of Badger Peabody & Smith Realty · Keegan Rice · 603-823-5700 · Cell: 603-348-7261
PrimeMLS

IDX display courtesy of Yankee Pedlar Realtors, Wolfeboro NH.

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