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$478,900
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Property Description
Exceptional opportunity to own a turnkey commercial/multifamily investment property ready for its next owner or investor to build long-term equity. With leases already in place, this property offers immediate income potential and helps offset operating expenses from day one. Ideally located in a desirable Gilmanton setting directly across the street from town offices and local businesses, 518 Province Road offers both convenience and strong rental appeal. The property features three units, each with separate meters. The commercial unit is currently operating as a charming country store and includes an oversized walk-in refrigerator, a newly updated bathroom, and beautiful wood floors. The second unit is a spacious two-bedroom, two-level residential apartment with an additional bonus room and two bathrooms, along with a private deck and landscaped backyard that provides a peaceful outdoor retreat and is occupied by long-term tenants. The third unit offers a one-bedroom, open-concept layout with a 3/4 bath and a deck and is currently owner-occupied. This property has seen extensive recent updates, including a new roof, as well as updated plumbing, electrical, drywall, and insulation in the commercial space and second-floor apartment. Additional improvements include a new water pump, water tank, and hot water heater, along with a newer water filtration system completed in 2024, providing peace of mind and reduced maintenance for years to come. With multiple income streams, significant improvements, and stable tenancy, this property presents strong upside potential for investors seeking reliable cash flow and long-term growth. Whether you are expanding your portfolio or looking for a mixed-use property with flexibility, this is a rare opportunity to invest in both income and equity appreciation. Private showings only with proof of funds or preapproval required.
Full Property Details
Full Property Details for 518 Province Rd
General
- Price: $478,900
- Taxes: $7,059 (2024)
- Status: Active
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5086619
- Updated: 6/10/2026
- Added to Site: 74 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, Partially Finished, Interior Stairs, Interior Access
- 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.: $172.02
- Tax Amount: $7,059
- Tax Year: 2024
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
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 $478,900 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.

