USANHLaconia24 Messer St
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New
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$599,990

For Sale

3 days ago

24 Messer St, Laconia, NH

House

MLS® 5112954

0 Bed

0 Bath

3393 sqft

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3393 sqft
Garage Yes
Taxes $5,971
Days Active 3
Lot Size 0.34 Acres
Approx. Age 1890
Avg. Price Per Sqft $176
MLS® Number 5112954

Property Address: 24 Messer St, Laconia, NH, 03246-2720

Average square foot calculated using Size range provided by listing agent.

Description

Fully leased five-unit investment property in Laconia, offered at a 9.2% cap rate on in-place income. 24–26 Messer Street offers four one-bedroom units and one three-bedroom unit with two full baths and a bonus room, in a city-approved 1890 building on a 0.34-acre in-town lot with a detached four-bay garage. Current rents total $6, 450 per month ($77, 400 per year), plus coin-op laundry income. The three-bedroom was newly leased in September 2026 at $2, 200, and one one-bedroom has been fully renovated with refinished floors, a new kitchen and a new bath. Three one-bedrooms are long-term, month-to-month tenancies of six years or more, renting well below comparable Laconia one-bedrooms and giving a new owner clear room to grow income. Tenants pay their own electric. Each unit has its own electric meter and panel. The building has natural gas hot-water heat and town water and sewer, plus a 1, 956 sq ft unfinished walkout basement for storage. The four-bay garage currently produces no income and offers additional upside. Based on seller-provided figures, net operating income is approximately $54, 973, a 9.2% cap rate at the $599, 000 asking price. Bringing the one-bedrooms toward market would lift the cap rate above 10%. An investment summary with the full rent roll, operating statement and comparable sales is available on request. Personal items and furnishings of tenants have been digitally removed. All information, including rents, expenses, income, cap rate and square footage, is provided for informational purposes only and is believed reliable but is not guaranteed. Buyer and buyer's agent to verify all information and conduct their own due diligence.
MLS® Number5112954
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1890
BasementConcrete Floor, Full, Storage Space, Unfinished
DrivewayDriveway, Paved
Garage Spaces
HeatNatural Gas, Gas Heater, Hot Water, Radiator
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 5, 2026List Date
$599,990List Price
  • Commute

Commute

Starting Address
Destination Address
24 Messer St, Laconia, NH

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Corina Cisneros

Listing Agent

Corina Cisneros

[email protected]
(603) 273-6160
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