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8 Lewis Street, Laconia, NH, 03246

11beds
6baths
4,790sqft
$975,000
$204price/sqft
$6,935/moest. monthly cost
$277,400/yrincome needed

About This Home

Exceptional investment opportunity (8%+ ROI) in the heart of Laconia. This five-unit multifamily property offers a diverse mix of apartments ranging from a spacious four-bedroom unit to a studio, providing broad tenant appeal and excellent rental flexibility. Ideally situated on a quiet side street, the property is within walking distance of downtown Laconia, shopping, restaurants, schools, parks, and everyday conveniences. One of its most attractive features is its proximity to the public beach on beautiful Lake Opechee, allowing tenants to enjoy swimming, kayaking, fishing, and lakeside relaxation just a short stroll from home. The varied unit mix appeals to a wide range of tenants, from individuals and couples to larger households, helping support strong occupancy and long-term investment performance. Located in the heart of New Hampshire's Lakes Region, the property offers convenient access to area recreation, employment, and services while maintaining a neighborhood feel. Property Highlights: Five-unit multifamily property Apartment sizes ranging from studio to four-bedroom Walking distance to downtown Laconia Short walk to the public beach on Lake Opechee Close to shopping, restaurants, schools, and parks Strong tenant appeal with diverse unit mix Excellent Lakes Region investment opportunity "A rare opportunity to own a versatile multifamily property in a convenient in-town location, with the added benefit of nearby lake access and all that the Lakes Region has to offer."

Getting Around

20
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

5/10
Pleasant Street SchoolGrades PK-50.4 mi
5/10
Laconia Middle SchoolGrades 6-80.4 mi
2/10
Laconia High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1887

Materials

  • Foundation: Brick,Stone,Block w/ Skim Coating
  • Roof: Asphalt Shingle
  • Construction materials: Wood Frame

Type & Style

  • Home type: MultiFamily
  • Architectural style: New Englander
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Partial,Interior Entry

Bedrooms & Bathrooms

  • Bedrooms: 11
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Flooring: Carpet,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 4,790

Heating & Cooling

  • Heating features: Hot Water
  • Cooling features: Individual

Interior Area

  • Total structure area: 6,545
  • Total interior livable area: 4,790 sqft

Property

Details

  • Zoning description: RS

Features

  • Levels: Two
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • Waterbody name: Opechee Bay (AKA Lake Opechee)
  • Frontage length: Road frontage: 263

Lot

  • Lot size: 0.46 Acres
  • Features: City Lot,Corner Lot,Neighborhood,Near School(s)

Parking

  • Total spaces: 1
  • Parking features: Paved
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Lightning
Winter Weather
Inland Flooding
Ice Storm
Strong Wind

FEMA Declared Disasters Across New Hampshire Counties

Flood
Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,930$59,160
Home Insurance $321$3,852
Property Taxes $983$11,796
Electricity $701$8,417
Total$6,935$83,220

Income You'd Need if You Spent...

35% on housing$237,771/yr
40% on housing$208,050/yr
45% on housing$184,933/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 8.6%
8.6%
0%15.0%
Property Taxes Growth Rate2-year average: -2.5%
-2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$204This listing

vs Other Active Listings

Avg $/sqft

ZIP 03246$258
Belknap County$338

vs Homes Sold Last Month

Median $/sqft

ZIP 03246$286
Belknap County$320

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-03Listed for sale$975,000

For Sale by Agent

AgentJim Miller
BrokerageRE/MAX Innovative Bayside

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