22 West Street, Laconia, NH 03246

Laconia
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
22 West Street,Laconia, NH 03246
$590,000
  • - Beds
  • - Baths
  • 4,342 sq. ft.
  • Multi-family
  • Active
Listed by: keegan rice, melissa sullivanCell: 603-348-7261
Office: badger peabody & smith realty603-823-5700
MLS#:5094019
Source:PrimeMLS

Price summary

  • Price:$590,000
  • Price per sq. ft.:$108.1

About this home

***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,...

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Home facts

  • Year built:1920
  • Listing ID #:5094019
  • Added:5 day(s) ago
  • Updated:June 16, 2026 at 10:25 AM

Rooms and interior

  • Flooring:Vinyl Plank
  • Basement Description:Concrete, Interior
  • Living area:4,342 sq. ft.

Heating and cooling

  • Heating:Oil

Structure and exterior

  • Roof:Shingle
  • Year built:1920
  • Building area:4,342 sq. ft.
  • Lot area:0.47 Acres
  • Levels:2 Story

Utilities

  • Sewer:Public Available

Finances and disclosures

  • Price:$590,000
  • Price per sq. ft.:$108.1
  • Tax amount:$7,291 (2025)

Parking

  • Parking description:Paved Driveway
MLS LogoCopyright 2026 Prime MLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated June 16, 2026

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