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$465,000
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Property Description
PRICE REDUCED! Now $31,500 Below Assessed Value! Instant Equity from Day One. This turnkey commercial/multifamily property presents an outstanding investment opportunity with immediate income potential. With established leases already in place, you'll benefit from cash flow from day one while building long-term equity. Ideally located in the heart of Gilmanton, directly across from the town offices and local businesses, 518 Province Road offers outstanding visibility, convenience, and strong rental appeal. The property features three separately metered units, creating multiple income streams and added flexibility. The commercial unit is home to a charming country store and features beautiful wood floors, an oversized walk-in refrigerator, and a newly renovated bathroom. The second unit is a spacious two-bedroom, two-level apartment with two bathrooms, an additional bonus room, a private deck, and a beautifully landscaped backyard retreat. This unit is occupied by long-term tenants. The third unit is a one-bedroom, open-concept apartment with a ¾ bath and a private deck and is currently owner-occupied. Both residential units include their own private laundry. Extensive updates have already been completed, including a new roof, updated plumbing, electrical, drywall, and insulation in the commercial space and second-floor apartment. Additional improvements include a new water pump, pressure tank, and hot water heater, along with a newer water filtration system installed in 2024, providing peace of mind and reducing future maintenance costs. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the others, this well-maintained mixed-use property offers strong cash flow, significant recent capital improvements, and excellent long-term investment potential. Proof of funds or lender pre-approval is required prior to scheduling a showing.
Full Property Details
Full Property Details for 518 Province Rd
General
- Price: $465,000
- Taxes: $7,562 (2026)
- Status: Active
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5086619
- Updated: 7/27/2026
- Added to Site: 125 day(s) ago
Rental Information
- Lease Terms: Unit1=Annual, Unit3=Other,
Exterior
- Exterior Features: Deck
Parking
- Parking: Assigned, Driveway, Paved
Location
- County: Belknap
- Driving Directions: GPS Friendly
School Information
- School District: Gilmanton Sch Dsct SAU #79
- Elementary School: Gilford Elementary
- Middle School: Gilmanton School
- High School: Gilford High School
Heating & Cooling
- Cooling Type: Wall AC Units
- Heating Type: Oil, Pellet Stove, Electric
Utilities
- Sewer: 1500+ Gallon, Concrete, Leach Field, Private, Septic
- Separate Meters: Yes
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Interior
- Basement Desc.: Bulkhead, Interior Access, Interior Stairs, Partially Finished
- Roof: Architectural Shingle
- Stories/Levels: 2
- Finished Total: 3,552 Sq. Ft.
- Finished Above Grnd: 2,784 Sq. Ft.
- Finished Below Grnd: 768 Sq. Ft.
- Year Built: 1930
Unit Information
- 1 Bedroom Units: 1
- 2 Bedroom Units: 2
Unit 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Level: 2nd Floor
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.44
- Lot Size (Sq. Ft.): 19,166
- Frontage: Yes Road Frontage
- Frontage Feet: 271
- Driveway/Sidewalk: Paved
- Zoning: Commercial/Residential
Financial Considerations
- Price Per Sq. Ft.: $167.03
- Tax Amount: $7,562
- Tax Year: 2026
Disclosures and Reports
- Lot Number: 37
Listed by NH Brokerage LLC, Mary Duquette
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Schools
Schools serving 518 Province Rd
School District:Gilmanton School District
| Name | Grades | Distance |
|---|---|---|
Gilmanton Elementary School 1386 NH Rte. 140, Gilmanton, NH 03837 | PK-8 | 4.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 518 Province Rd
Date
Details
Price
Change
Source
7/27/2026
Price Reduced
$465,000
-2.11%
MLS
7/20/2026
Price Reduced
$475,000
-0.81%
MLS
5/04/2026
Listed
$478,900
68.04%
MLS
9/11/2012
Sold
$285,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 518 Province Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,303
7%
$478,900
4%
2024
$6,803
-10%
$461,500
44%
2023
$7,522
-2%
$321,600
—
2022
$7,709
-4%
$321,600
-6%
2021
$8,063
1%
$343,100
—
2020
$7,960
2%
$343,100
—
2019
$7,819
2%
$343,100
14%
2018
$7,637
2%
$301,400
—
2017
$7,452
-10%
$300,500
-13%
2016
$8,278
-8%
$346,200
—
2015
$8,980
13%
$346,200
—
2014
$7,938
-2%
$346,200
-10%
2013
$8,092
—
$382,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 518 Province Rd
518 Province Road, Gilmanton, NH 03237 (MLS# 5086619) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 518 Province Road is currently listed for $465,000 and was received on May 01, 2026. Want to learn more about 518 Province Road? Do you have questions about finding other Multi-Family real estate for sale in Gilmanton? You can browse all Gilmanton real estate or contact a Coldwell Banker agent to request more information.

