# 22 West Street, Laconia, NH 03246

> **TL;DR:** residential multi family, $590,000 ($136/sqft), built 1920, 4,342 sqft. Est. $2,557/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $590,000 |
| Price/sqft | $136 |
| Square Feet | 4,342 |
| Year Built | 1920 |
| Lot Size | 20,473 sqft (0.47 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,557 |
| **Total** | **$2,557** |

## Property Highlights

- Built in 1920
- 0.47 acre lot
- 2 stories

## Description

### Agent Description
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. Property will be shown as a group, by appointment only beginning Saturday June 13th at noon and Sunday June 14th at noon.

## Location

- **Address:** 22 West Street, Laconia, NH 03246
- **County:** NH-Belknap
- **Coordinates:** 43.520409, -71.474518
- **Google Maps:** https://www.google.com/maps?q=43.520409,-71.474518

## Listing Agent

- **Name:** Keegan Rice
- **Brokerage:** Badger Peabody & Smith Realty
- **Phone:** (603) 444-1294
- **Email:** info@badgerpeabodysmith.com

## Primary Photo

![22 West Street - Primary Photo](http://lh.rdcpix.com/08c01fe377a6dcd6769088cdcc587e2dl-f2919376351r.jpg)

*44 total photos available on [listing page](https://www.propertysimple.com/listing/22-west-street-laconia-nh-03246-5094019)*

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**MLS#:** 5094019 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/22-west-street-laconia-nh-03246-5094019)

---

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