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USANHLaconia45 Province St

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45 Province St, Laconia, NH

Real Estate

Sold

Listed price in listed location currency (USD).
$673,500
$729,000

050

MLS® 5037607

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3608 sqft
Garage Yes
Taxes 
Lot Size 0.26 acres
Approx. Age 1895
Avg. Price Per Sqft $202
MLS® Number 5037607

Property Address: 45 Province St, Laconia, NH, 03246-3838

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number5037607
Laundry Level
Central VacNo
FireplaceNo
Acreage0.26
Exterior
GarageYes
Approx. Age1895
BasementConcrete Floor, Exterior Entry, Interior Entry, Storage Space, Basement Stairs, Unfinished
DrivewayOn Site, On Street, Parking Spaces 6+
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Price History

May 8, 2025End Date
$673,500Sold Price

Sold

Apr 23, 2025List Date
$729,000List Price
  • Commute

Commute

Starting Address
Destination Address
45 Province St, Laconia, NH

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