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Ashley Gile

ashley@ashleygile.com +1(603) 851-7452

Listed By Corina Cisneros EXP Realty Cell: 603-273-6160

$ 599,990

Est. payment -/mo

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Under Contract

24 Messer ST Laconia, NH 03246

7 Beds

6 Baths

3,393 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,393 sqft

Price per Sqft $176

MLS Listing ID 5112954

Style Apartment Building

Bedrooms 7

Full Baths 6

Construction Status Existing

Year Built 1890

Annual Tax Amount $5,971

Tax Year 2025

Lot Size 0.340 Acres

Acres 0.34

Property 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.

Location

State NH

County Nh-belknap

Area Nh-Belknap

Zoning UC

Rooms

Basement Concrete Floor, Full, Storage Space, Unfinished

Interior

Heating Natural Gas, Gas Heater, Hot Water, Radiator

Cooling None

Flooring Hardwood, Laminate, Tile, Vinyl

Exterior

Parking Features Yes

Garage Spaces 4.0

Utilities Available Cable Available, Underground Gas

Roof Type Asphalt Shingle,Metal

Building

Lot Description City Lot, Level, Sidewalks, Near Paths, Near Shopping, Near Hospital, Near School(s)

Story 2

Sewer Public

Water Public

Architectural Style Apartment Building

Construction Status Existing

Schools

Elementary Schools Pleasant Street Elementary Sch

Middle Schools Laconia Middle School

High Schools Laconia High School

School District Laconia Sch Dst Sau #30

Ashley Gile

Agent

+1(603) 851-7452

Ashley Gile

24 Messer ST Laconia, NH 03246

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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24 Messer ST