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Keeler Family Realtors
24 Messer St, Laconia, NH 03246
- $599,990
- 3,393
- SqFt
Listing courtesy of Corina Cisneros from EXP Realty. (Cell: 603-273-6160)
- List Price
- $599,990
- Status
- ACTIVE
- MLS#
- 5112954
- Living Area
- 3,393
- Lot Size
- 14,810
- Acres
- 0.34
- Year Built
- 1890
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.
Additional Information
- Taxes
- $5,971
- Listing Agent
- Corina Cisneros
- Listing Office
- EXP Realty
- Style
- Apartment
- School District
- Laconia Sch Dst SAU #30
- Elementary School
- Pleasant Street Elementary Sch
- Middle School
- Laconia Middle School
- High School
- Laconia High School
- Exterior Features
- Natural Shade, Porch
- Electric
- Service - 0 to 100 Amps, Circuit Breakers
- Utilities
- Cable Available, Underground Gas
- Basement
- Concrete, Full, Storage Space, Unfinished
- Foundation
- Brick/Mortar, Granite
- Sewer
- Public Sewer
- Roof
- Metal, Asphalt
- Zoning
- UC
- Water
- Public
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Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated .