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$673,500

  • Sold
  • Closed
  • Multi-Family
  • 4 Units
  • 0.26 Acres
  • 2 Car Garage
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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.

Full Property Details for 45 Province St

General

  • Sold For: $673,500
  • Taxes: $6,482 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: PrimeMLS
  • MLS ID: 5037607
  • Added to Site: 399 day(s) ago

Rental Information

  • Lease Terms: Unit2=Month to Month, Unit3=Annual, Unit4=Annual,

Interior

  • Flooring: Carpet, Laminate, Tile

Exterior

  • Exterior Features: Porch - Covered
  • Color: White

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: On-Site, On Street, Parking Spaces 6+

Location

  • County: Belknap

School Information

  • School District: Laconia Sch Dst SAU #30

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Natural Gas, Electric, Hot Water, Radiant Electric
  • Furnaces: 4
  • Water Heaters: 4

Utilities

  • Sewer: Public
  • Trash: Curbside, Municipal, Tenant
  • Separate Meters: Varies
  • # Gas Meters: 1
  • # Electric Meters: 5

Structural Information

  • Construction Status: Existing
  • Basement: Yes
  • Basement Entrance: Interior
  • Basement Desc.: Concrete Floor, Storage Space, Unfinished, Interior Access, Exterior Access, Stairs - Basement
  • Roof: Shingle - Asphalt
  • Stories/Levels: 2.5
  • Finished Total: 3,608 Sq. Ft.
  • Finished Above Grnd: 3,608 Sq. Ft.
  • Year Built: 1895

Unit Information

  • 1 Bedroom Units: 1
  • 2 Bedroom Units: 2
  • 3 Bedroom Units: 1
  • Units w/Refrigerators: 4
  • Units w/Range/Oven: 4

Unit 1

  • Square Feet: 1500
  • Level: 45
  • Total Bathrooms: 2
  • Bedrooms: 4

Unit 2

  • Square Feet: 976
  • Level: 43
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Square Feet: 975
  • Level: 43A
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Square Feet: 550
  • Level: 43B
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.26
  • Lot Size (Sq. Ft.): 11,326
  • Frontage: Yes Road Frontage
  • Frontage Feet: 110
  • Driveway/Sidewalk: Paved
  • Zoning: RG

Water Features

  • Water Access: Yes
  • Water Front Type: Lake
  • Water Front Name: Lake Winnipesaukee

Financial Considerations

  • Price Per Sq. Ft.: $202.05
  • Assessment Year: 2024
  • Assessment Amount: $475,600
  • Tax Amount: $6,482
  • Tax Year: 2024

Disclosures and Reports

  • Documents Avail.: Aerials, Deed, Lease Agreements, Property Disclosure
  • Block: 188
  • Lot Number: 67

Listed by EXP Realty, Corina Cisneros
Sold by EXP Realty, Corina. Cisneros

Listed by EXP Realty, Corina Cisneros
Sold by EXP Realty, Corina. Cisneros

Listing agent

— 45 Province St —

  • Corina Cisneros

    EXP Realty

Cell: 603-273-6160

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 45 Province St

School District:Laconia School District
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 45 Province St

Date
Details
Price
Change
Source
6/03/2025
Sold
$673,500
-7.61%
MLS
4/23/2025
Listed
$729,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by EXP Realty, Corina Cisneros
Sold by EXP Realty, Corina. Cisneros

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45 Province Street, Laconia, NH 03246 (MLS# 5037607) is a Multi-Family property that was sold at $673,500 on June 03, 2025. Want to learn more about 45 Province Street? Do you have questions about finding other Multi-Family real estate for sale in Laconia? You can browse all Laconia real estate or contact a Coldwell Banker agent to request more information.