#5023806, Cody Reagan, Listing Office: White Water Realty Group LLC
#5021561·
Listing Office: Gray Property Group, LLC·
Listing Agent: Nick Gray·
Listing Office Phone: 603-637-4812
261 Union Ave Laconia, NH 03264
$1,230,000 List price
5,338 sqft
0.08 acres
$230 / sqft
Land
Property details
About 261 Union Ave
9-unit mixed use property in central Laconia consisting of eight 1-bedroom apartments and a 928 SF commercial space. The building has been improved through updates to several apartments and the common areas, and the roof was replaced in 2021. The seller will deliver the property fully occupied and rents are terrific with a median residential rent of $1,500/unit/month and commercial rent of $1,500/month. In total, the property generates ~$161K in gross revenue and ~$112K per year in NOI, corresponding to a 9.0% cap rate at the asking price. Landlord pays for heat, hot water, cold water, and electricity. There are 6 off-street parking spaces and ample street parking in the immediate vicinity. Owner is a real estate licensee.
Highlights
Home typeOther
HeatingNatural Gas, Gravity, Hot Water
StatusActive
Size5,338 sqft
BasementYes
Lot size0.08 Acres
Year built1885
MLS #5021561
Summary
- MLS Number: 5021561
- Office Name: Gray Property Group, LLC
- Office Phone: (603) 637-4812
- Office Email: ngray@graypropertygroup.com
- Listing Agent: Nick Gray
© Copyright 2025 PrimeMLS, 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 PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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261 Union Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 08, 2023 | Home Sold | $855,000 |
| Dec 29, 2021 | Home Sold | $253,333 |
| Jun 01, 2021 | Home Sold | $395,000 |
| Mar 11, 2005 | Home Sold | $270,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $345,000 | $4,799 |
| 2022 | $324,000 | $4,811 |
| 2021 | $209,300 | $3,947 |
| 2020 | $209,300 | $4,127 |
| 2018 | $195,100 | $4,068 |
History based on county public records data.
Nearby schools
3
Woodland Heights Elementary School
Public District PK-5
0.5 mi
•225 Winter St Ext
4
Pleasant Street School
Public District PK-5
0.8 mi
•350 Pleasant St
4
Elm Street School
Public District PK-5
1.8 mi
•478 Elm St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,091. Most Laconia, NH residents have annual incomes less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
45%
<35k
43%
35k-100k
12%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
59%
Single, No Kids
16%
Single, with Kids
15%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
21%
18-34 yrs old
43%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
College Football
Where do the neighbors shop?
Kmart
Family Dollar
Wal-Mart
Where do the neighbors go to eat?
Bob Evans
Dominos Pizza
Sonic
What do the neighbors drive?
Buick
Ford
Oldsmobile
What do the neighbors listen to?
Oldies
New Country- Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Laconia, NH
About 261 Union Ave
This home is located at 261 Union Ave in Laconia, NH and zip code 03246. This 5,338 square foot home, which was built in 1885, sits on a 0.08 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since November 8, 2024 and is currently priced at $1,230,000.
In January 2025 in Laconia, NH there were 85.7% more homes for sale than in December. The median list price of listings available in January 2025 was $449,500, while the average time on the real estate market was 53 days.
From Rocket Homes Real Estate and based on county public records data.