18-20 Cleveland Place Laconia, NH 03246
Estimated payment $4,618/month
Highlights
- Vinyl Plank Flooring
- Level Lot
- Mini Split Air Conditioners
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,643
Year Built
- Built in 1900
Lot Details
- 4,356 Sq Ft Lot
- Level Lot
Home Design
- Vinyl Siding
Interior Spaces
- Property has 3 Levels
- Basement
- Interior Basement Entry
Flooring
- Laminate
- Vinyl Plank
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Parking
- Dirt Driveway
- Deeded Parking
- 6 to 12 Parking Spaces
Utilities
- Mini Split Air Conditioners
- Mini Split Heat Pump
- Separate Meters
- Cable TV Available
Community Details
- 6 Units
- 6 Leased Units
Listing and Financial Details
- Legal Lot and Block 86 / 452
- Assessor Parcel Number 25
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/06/2025 10/06/25 | For Sale | $775,000 | +30.3% | $247 / Sq Ft | |
| 10/26/2022 10/26/22 | Sold | $595,000 | +4.4% | $190 / Sq Ft | View Prior Sale |
| 07/09/2022 07/09/22 | Pending | -- | -- | -- | |
| 06/17/2022 06/17/22 | For Sale | $569,900 | 0.0% | $182 / Sq Ft | |
| 06/09/2022 06/09/22 | Pending | -- | -- | -- | |
| 06/01/2022 06/01/22 | For Sale | $569,900 | +78.1% | $182 / Sq Ft | |
| 01/03/2020 01/03/20 | Sold | $320,000 | -8.3% | $102 / Sq Ft | View Prior Sale |
| 11/26/2019 11/26/19 | Pending | -- | -- | -- | |
| 09/24/2019 09/24/19 | Price Changed | $349,000 | -10.3% | $111 / Sq Ft | |
| 08/12/2019 08/12/19 | Price Changed | $389,000 | -7.2% | $124 / Sq Ft | |
| 07/24/2019 07/24/19 | For Sale | $419,000 | +120.5% | $134 / Sq Ft | |
| 12/27/2017 12/27/17 | Sold | $190,000 | -41.5% | $61 / Sq Ft | View Prior Sale |
| 12/11/2017 12/11/17 | Pending | -- | -- | -- | |
| 11/16/2017 11/16/17 | For Sale | $325,000 | -- | $104 / Sq Ft |
Source: PrimeMLS
MLS Number: 5064532
APN: LACO M:449 B:55 L:65
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