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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.

Overview

Property Status
Sold
Lot Size
0.26 Acres
MLS ID
5037607
Property Type
Multi-Family
Year Built
1895

Features & Amenities

Total Area
5,976 Sq.Ft.
Neighborhood
Paugus Bay
Water Frontage
Lake, Municipal Residents Only, Other
View Description
Lakes
Garage Spaces
2.0
Roof
Asphalt Shingle
Lot Features
Near Hospital, Near Golf Course, City Lot, Level
Heat Type
Natural Gas, Electric, Hot Water, Radiant Electric
Air Conditioning
None
Sewer
Public
School District
Laconia Sch Dst SAU #30
Sales Price
$673,500
Real Estate Tax
$6,482/yr

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45 Province Street

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for your interest in 45 Province Street, Laconia, NH 03246

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