List Price: $478,900 | $135 per sq.ft. Multi Family A 3 Unit Multi Family Home
With 1 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Friday May 1, 2026 | MLS# 5086619



Address: 518 Province Road Gilmanton NH
Listed by Mary Duquette NH Brokerage LLC
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.
Annual Expenses

Taxes: $7,059
Income

UNIT 1 INFORMATION

Beds: 2
Baths: 2
Rooms: 6
Info : Deck,Dishwasher,Dryer,Electric Range,Refrigerator,Smoke Detector
Tenant Pays : Electric,Heat
Rent : 1800.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 2 INFORMATION

Beds: 1
Baths: 1
Rooms: 4
Level: 2nd Floor
Info : Deck,Dryer,Mudroom,Electric Range,Refrigerator,Wood Stove,Washer
Signed Lease : No

Construction: Asbestos Exterior | Clapboard Exterior | Combination Exterior
Year Built: 1930
Style: Apartment Building | Gambrel | Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3703
Above Grade Sq.Ft.: 2784
Below Grade Sq.Ft.: 768
Basement: Bulkhead | Partially Finished | Interior Stairs | Interior Access
Roof: Architectural Shingle
Seasonal: No
Heating: Oil | Pellet Stove | Electric
Cooling: Wall AC Units
Electric: 200+ Amp Service | Circuit Breaker(s)
Utilities: Cable Available | Telephone Available
Electric Meters:
Water: Drilled Well | Private
Sewer: 1500+ Gallon | Concrete | Leach Field | Private | Septic
Land Information
Corner | Landscaped | In Town | Near Snowmobile Trails
Lot size: 0.44 acres
Zoned: Commercial/Residential)
Surveyed: Unk
Flood Zone: No
Road Frontage: 271
Driveway: Paved
Additional Information
Block - 000
Taxes $7,059
Assesed Value Not Reported
Schools
School District: Gilmanton Sch Dsct SAU #79
Elementary School: Gilford Elementary
Middle School: Gilmanton School
High School: Gilford High School

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