22 West St

Laconia NH 03246

5458 sq. ft.

20473 sq. ft.

Multi-Family

Last sold for $600,000

Keegan Rice, last sold this property on 15 July 2026 after 34 days on market.

Overview

***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

5458 sq. ft. floor area

20473 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Laconia over the last 12 months, the estimated median property value of 22 West St is $429k.

Median value

$429k

Estimated value range

$330k - $807.5k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Laconia. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.