8-10 Arch Street, Laconia, NH
Residential Income
Listed by BerkshireHathaway HomeServices Commonwealth R.E · Trish Marchetti
Property Description
Exceptional investment opportunity featuring a portfolio of 14 residential units, a detached multi-bay barn/garage, and an additional vacant buildable lot offering future development potential. The fully occupied apartment building consists of 14 residential units, including one large 1-bedroom unit and thirteen 2-bedroom units. Many 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.
Property Details
Essentials & finishes
- Bedrooms:0
- Total Baths:0
- SqFt:9,050
- Price / SqFt:$215.47
- Property Type:Residential Income
- Year Built:1900
- County:NH-Belknap
- Town:Laconia, NH
- Status:Active
- Days on Market:31
Primary Features
Interior Features
Financial Details
Additional
External Features
Property History
Price, listing activity & annual taxes for this property
No sales history available.
Market Data
Live snapshot computed from active listings in this town
- Active listings in Laconia196
- Average list price$375,307
- Price range$1,700 – $600,000
- Market sentimentBuyer's Market
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- Principal & Interest$9,860
- Property Tax$2,763
- Home Insurance$406
Estimates use typical New Hampshire costs — a 1.7% effective property-tax rate, insurance at 0.25% of home value/yr, and PMI below 20% down. Actual town tax rates vary; verify with your lender and the town assessor.
Tom DeMatteo
Owl’s Nest Real Estate · Questions?
Market Sentiment
Buyer's MarketBased on 196 active · 0 sold in Laconia (last 90 days)
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