8-10 Arch Street, Laconia, NH

Property Description

From its address at 8-10 Arch Street, this residential income puts you in Laconia, New Hampshire. On offer: 9,050 square feet of living space, at a list price of $1,750,000. As a multi-unit property it works two ways: live in one unit while the others pay the mortgage, or run the whole building as an investment. Beyond the basics, the listing carries garage parking for 10, 1900 construction and roughly $193 per square foot. Browse the gallery and specs below; if it fits, we can have you through the door quickly. Browse more homes for sale in Laconia.

MAJOR PRICE REDUCTION –EXCEPTIONAL INVESTMENT OPPORTUNITY WITH TREMENDOUS UPSIDE POTENTIAL! An outstanding opportunity for investors seeking immediate rental income, multiple additional revenue streams, and future development possibilities! This unique offering includes a 14-unit apartment building with large walk-up attic for future units/tenant storage, an expansive two-story detached barn/garage, and a separate vacant buildable lot! The residential building features generously sized units consisting of thirteen 2-bedroom apartments and one spacious 1-bedroom apartment. With remodeled units, investors can benefit from substantial improvements while still having excellent opportunities for additional value-add enhancements and increased income potential. Some property upgrades include newer circuit breaker panels and individual Rinnai wall furnaces in each unit. The expansive walk-out lower level offers even more possibilities, including space for future coin-operated laundry, tenant storage, and workshop/garage areas. THE DETACHED BARN/GARAGE IS A MAJOR HIGHLIGHT! This impressive two-story structure features SIX individual garage bays on the upper level, each approximately 18' x 10', plus an enormous 61' x 25' lower-level garage/storage area with convenient drive-in access! Currently vacant, these spaces offer exceptional possibilities for garage rentals, vehicle storage, contractor storage, workshop space, or other income-producing uses. ANOTHER HUGE BONUS – A SEPARATE VACANT BUILDABLE LOT! Explore the possibilities for future development, expanded parking, additional storage, or other uses that could further enhance the property's overall value (subject to applicable approvals). With 14 income-producing apartments, substantial unused garage space, additional basement opportunities, and a separate buildable lot, this property offers a rare combination of established income and multiple avenues for future growth.

Location Highlights

8-10 Arch Street is a residential income in Laconia, New Hampshire, listed at $1,750,000. That works out to about $193 per square foot, for a home built in 1900. It has been on the market for 5 months.

From here it is 19 miles to Downtown Plymouth / Main Street and 25.4 miles to Owl's Nest Resort. At this latitude, Laconia averages roughly 8.4 hours of sun a day in June and 3.6 in December.

Source: zoned school names are PrimeMLS listing data; distances, sun exposure and school facts are Owl’s Nest Real Estate additions (school facts from the NCES, U.S. Department of Education) — not PrimeMLS data.

Property Details

Essentials & finishes