Laconia, NH

686-716 Union Avenue

$4,000,000

MLS# 5076627

60 days on market
16,364 Sq Ft
$244 $/Sq Ft
1.08 acres Lot
1850 Built

Investment Summary

Units
28
Multi-Family
Price / Unit
$142,857.14
Cap Rate
8.6%
NOI / Price
GRM
9.7x
Gross Rent Multiplier
Gross Income
$413,960/yr
NOI
$344,450.03/yr
Zoning: multi family, commercial

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Description

Welcome to Lakeport Plaza - a 28 Unit Multi Family & commercial building complex. With three buildings across a 1.08 acre parcel, this property 26 residential units, including 7 newly constructed, and two commercial units. First building is brick with integrated apartments; the second building provides two leased commercial spaces in addition to residential units. Third building also comprises multiple units. Situated on a high traffic count road, the location experiences daily traffic volume of 15,000 to 20,000 vehicles, excluding peak seasons. The property features ample parking for residents and commercial businesses, along with quick access to the WOW walking trail that leads to downtown Laconia. This represents an excellent investment opportunity to invest in the rapidly improving Lakeport area of Laconia. This property can be sold individually, or as part of a 51-unit portfolio, all buildings of which are location in Laconia.

Features

Heating

Natural Gas Available
Multi Fuel
Oil
Heat Pump
Hot Water
Wall Units
Mini Split

Cooling

Mini Split
Wall Unit(s)

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Location

Multi-Family · NH-Belknap County · Listed Feb 14, 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.

Recently Sold in Laconia

AddressSold PriceSold
8 Deadreckoning Point$1,375,000Apr 15, 2026
59 Nestledown Drive$522,000Apr 15, 2026
56 Harvard Street$550,000Apr 10, 2026
51 Academy Street$650,000Apr 10, 2026
257 Weirs Boulevard$521,000Apr 10, 2026
17 Arch Street$359,000Apr 8, 2026

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

$4,000,000

Active Listing

Sq Ft16,364
$/Sq Ft$244
Lot1.08 acres
Built1850
Listing courtesy of Waterfield Realty & Management LLC · Pamela Hughes · 781-777-3259
PrimeMLS

Listing information provided by PrimeMLS for personal, non-commercial use. Data deemed reliable but not guaranteed. © 2026 PrimeMLS, Inc.