Listing courtesy of Corina Cisneros, eXp Realty Cell: 603-273-6160
45 Province Street, Laconia, NH, 03246
9 beds
5 Full baths
1895
Multi-Family
3,608 sqft
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.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
RG
Frontage:
110
Garage:
2-car Garage
Heating:
Natural Gas, Electric, Hot Water, Radiant Electric
Cooling:
None
Basement:
Concrete Floor, Storage Space, Unfinished, Interior Access, Exterior Access, Stairs - Basement
Parking:
On-Site, On Street, Parking Spaces 6+
Acreage:
0.26
Est. Taxes:
$6,482
Assessment
$475,600
Lot Description:
City Lot,Lake Access,Lakes,Level,Rental Complex,Sidewalks,In Town,Near Golf Course,Near Shopping,Near Skiing,Beach Access,Near Hospital,Near School(s)
School District:
Laconia Sch Dst SAU #30
MLS #:
5037607