Description
Exceptional investment opportunity featuring a portfolio of 14 residential units, a detached multi-bay barn/garage, and an additional vacant buildable lot for plenty of extra parking or future development potential. The fully occupied apartment building consists of 14 residential units, including one large 1-bedroom unit and thirteen 2-bedroom units. 13 units have been renovated, providing an attractive mix of updated living spaces and strong rental income. Property improvements include newer circuit breaker panels, a SuperStore hot water system and individual Rinnai wall furnaces serving each unit. The expansive walk-out lower level offers additional value with a future coin-operated laundry room, workshop area and ample storage space. A standout feature of the property is the detached two-story barn/garage structure. The upper level includes six separate garage bays, each measuring approximately 18' x 10'. The lower level features an oversized 61' x 25' garage/storage area with drive-in access, creating exceptional potential for additional rental income, storage, workshop, or business use. Currently vacant, this space offers the new owner the flexibility to maximize its value based on their specific needs and investment goals. Also included is a separate vacant lot, offering potential for future development, additional parking, outdoor storage, or other value-add opportunities (subject to local approvals). This unique offering combines strong in-place cash flow with significant upside potential through continued improvements, additional rental income opportunities, and future development possibilities. Financial information, rent roll, and unit photographs are available upon request.
Details
| MLS # | 5093247 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1900 |
| Days On Site | 76 |
| Listing Provided By | BerkshireHathaway HomeServices Commonwealth R.E | Trish Marchetti |
Features
| Garage | 10 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 14 |
| Zoning | UC |
| Acreage | 0.34 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | None |
| Heating | Natural Gas, Individual, Wall Furnace |
Exterior
| Exterior Features | Porch, Storage |
|---|---|
| Roof | Asphalt Shingle |
| Construction Materials | Wood Frame, Clapboard Exterior, Vinyl Exterior |
| Foundation Details | Fieldstone |
| Lot Features | Corner Lot, Near Hospital |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Detached, Driveway, Garage, Off Street, Parking Spaces 11 - 20, Paved |
Utilities
| Utilities | Cable |
|---|---|
| Electric | Circuit Breakers |
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 12811 |
|---|---|
| Tax Block | 7 |
| Tax Lot | 40 |
| Tax Year | 2026 |
Area Information
| State | NH |
|---|---|
| County | Belknap |
| City | Laconia |
| Zip Code | 03246 |
| Area | NH Belknap |
| Listing VS Median (in 03246) | |
Price: $1,950,000 low | high Med: $2,199,999 On site: 76 low | high Med: 432 | |
Market Activity 03246
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Learn More About This Property
| State | NH |
|---|---|
| County | Belknap |
| City | Laconia |
| Zip Code | 03246 |
| Area | NH Belknap |
| Listing VS Median (in 03246) | |
Price: $1,950,000 low | high Med: $2,199,999 On site: 76 low | high Med: 432 | |
