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Courtesy of Ian Handel of Ian Handel Real Estate: .

18-20 Cleveland Place

Laconia, NH 03246
  • $775,000
  • STATUS: Active Under Contract
  • ON SITE: 68 Days
  • MLS #: 5064532
Under Contract
UPDATED: 42 min ago
$775,000
  • 10
    BEDS
  • 0.1
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 3,132
    SQFT
  • $247
    $/SQFT
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

Cash-flowing, well-managed 6-unit property with numerous updates and stable tenancy. All tenants are current on rent and pay their own utilities (except hot water). The property features two 1-bedroom and four 2-bedroom units, offering a desirable mix. All kitchen and bathrooms are updated. Recent improvements include four new natural gas heaters (2024), electric mini-splits (2021) in four units providing heat and A/C, and a fully renovated Unit 1 down to the studs. Additional upgrades include a new roof (2022), repointed chimney with new flashing, new flooring in most units, and a new rear porch. An on-site coin-operated laundry adds extra income. Parking lot with permanent easement provides ample off-street parking. Turnkey investment with strong rental history and no major updates needed. Seller is a licensed NH realtor.

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© Copyright 2025 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2025-12-14T23:05:24.25.
www.mcguirkproperties.com/homes/168585428
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18-20 Cleveland Place Laconia, NH 03246

  • Price: $775,000
  • Status: Active Under Contract
  • On Site: 68 Days
  • Updated: 42 min ago
  • MLS #: 5064532
10
Beds
6
Baths
0
½ Baths
0.1
Acres
3,132
SQFT
$247
$/SQFT
1900
Built
County:
Belknap
Area:
Laconia
Property Description
Cash-flowing, well-managed 6-unit property with numerous updates and stable tenancy. All tenants are current on rent and pay their own utilities (except hot water). The property features two 1-bedroom and four 2-bedroom units, offering a desirable mix. All kitchen and bathrooms are updated. Recent improvements include four new natural gas heaters (2024), electric mini-splits (2021) in four units providing heat and A/C, and a fully renovated Unit 1 down to the studs. Additional upgrades include a new roof (2022), repointed chimney with new flashing, new flooring in most units, and a new rear porch. An on-site coin-operated laundry adds extra income. Parking lot with permanent easement provides ample off-street parking. Turnkey investment with strong rental history and no major updates needed. Seller is a licensed NH realtor.
Exterior Features

Architectural Style Multi-Family Color Yellow Construction Materials Vinyl Exterior Driveway Dirt Has Garage No Lot Features Level Parking DeededParking Spaces 5 - 10 Road Frontage TBD Roof Architectural Shingle

Interior Features

Basement Access Type Interior Basement Description Concrete Floor Cooling Mini Split Flooring LaminateVinyl Plank Foundation Fieldstone Has Basement Yes Heating Natural GasMini Split Total Heated Units 6 Total Ranges 6 Total Refrigerators 6 Total Water Heaters 1 Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 1 Unit4 Baths 1 Unit5 Baths 1 Unit6 Baths 1

Property Features

Auction No Construction Status Existing Easements Yes Electric Circuit Breaker(s) Flood Zone No Foreclosed / Bank Owned / REO No Pre Construction No Road Frontage Type Public Seasonal No Separate Utilities Yes Sewer Public Tax Gross Amount 6643 Tax Year 2024 Taxes Tbd No Total Electric Meters 7 Total Gas Meters 5 Total Leases 6 Total1 Bed Units 2 Total2 Bed Units 4 Total3 Plus Bed Units 0 Trash Municipal Unit1 Rental Amount 1600 Unit1 Tenant Pays CoolingElectricHeat Unit2 Rental Amount 1600 Unit2 Tenant Pays CoolingElectricHeat Unit3 Rental Amount 1600 Unit3 Tenant Pays CoolingElectricHeat Unit4 Rental Amount 1600 Unit4 Tenant Pays CoolingElectricHeat Unit5 Rental Amount 1000 Unit5 Tenant Pays ElectricHeat Unit6 Rental Amount 1218 Unit6 Tenant Pays ElectricHeat Utilities Cable Water Source Public Zoning RG

Courtesy of Ian Handel of Ian Handel Real Estate: .


© Copyright 2025 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2025-12-14T23:05:24.25.
 
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