$ 673,500 $ 729,000 7.6%

45 Province ST

Laconia, NH 03246

  • 9 Beds
  • 5 Baths
    Full Baths: 5
  • 3,608 SqFt
  • 0.26 Lot Size
  • 1895 Year Built
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.
Listed by Corina Cisneros of EXP Realty , Sold By Corina Cisneros of EXP Realty

PROPERTY DETAIL

  • Key Details

    Sold Price $673,500

    Property Type Multi-Family

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 3, 608 sqft

    Price per Sqft $186

    MLS Listing ID 5037607

    Sold Date 06/03/25

    Bedrooms 9

    Full Baths 5

    Construction Status Existing

    Year Built 1895

    Annual Tax Amount $6,482

    Tax Year 2024

    Lot Size 0.260 Acres

    Acres 0.26

  • Location

    State NH

    County Nh-belknap

    Area Nh-Belknap

    Zoning RG

    Body of Water Lake

  • Rooms

    Basement Entrance Interior

    Basement Concrete Floor, Storage Space, Unfinished, Interior Access, Exterior Access, Stairs - Basement

  • Building

    Story 2.5

    Foundation Brick, Fieldstone

    Sewer Public

    Architectural Style Multi-Family

    Construction Status Existing

  • 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

    Water Access Desc Yes

    Roof Type Shingle - Asphalt

  • Schools

    School District Laconia Sch Dst Sau #30

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