45 Province ST Open House Save Request In-Person Tour Request Virtual Tour
Laconia,NH 03246
OPEN HOUSE
Sat Apr 26, 10:00am - 12:00pm
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,608 sqft
Price per Sqft $202
MLS Listing ID 5037607
Bedrooms 9
Full Baths 5
Year Built 1895
Annual Tax Amount $6,482
Tax Year 2024
Lot Size 0.260 Acres
Property Description
Exceptional investor opportunity in the heart of the Lakes Region! 45 Province Street in Laconia is a cash-flowing 4-unit multifamily with garage income, generating $80,400 annually and delivering a projected cap rate near 8%. Over the past three years, the seller has invested more than $55,000 in strategic capital improvements, modernizing the property, reducing future maintenance needs, and significantly increasing tenant appeal. The unit mix is ideal: a spacious 4BR/2BA unit (projected at $2,100/month), two 2BR/1BA units ($1,600 and $1,550/month), one 1BR/1BA unit ($1,250/month), and a detached garage leased at $200/month. Tenants pay their own electric and heat, and each unit is separately metered for maximum efficiency. The building sits on a corner lot in one of Laconia's most walkable neighborhoods—just steps from downtown shops, restaurants, gyms, Lake Opechee beach, public parks, schools, and trails. With Lake Winnipesaukee, Gunstock Mountain Resort, and year-round recreation minutes away, this location attracts stable, long-term renters. This is a turnkey investment property with reliable tenants, strong income history, and all major systems recently upgraded or replaced. Whether you're a first-time investor or expanding a portfolio, this property offers reliable returns, low operational risk, and upside through future rent growth. Delayes showings until Open House Saturday April 26, 2025.
Location
State NH
County Nh-belknap
Area Nh-Belknap
Zoning RG
Rooms
Basement Entrance Interior
Interior
Cooling None
Flooring Carpet,Laminate,Tile
Exterior
Garage Spaces 2.0
Garage Description On-Site,On Street,Parking Spaces 6+
Utilities Available Cable - Available,Gas - Underground
Roof Type Shingle - Asphalt
Building
Story 2.5
Foundation Brick,Fieldstone
Sewer Public
Schools
School District Laconia Sch Dst Sau #30