45 Province Street Laconia NH Multi Family For Sale $729000

List Price: $729,000 | $202 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 1 One Bedroom Units , 2 - Two Bedroom Units ,1 - Three Bedroom Units on Winnipesaukee
Date Listed Wednesday Apr 23, 2025 | MLS# 5037607

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603-643-3942

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Address: 45 Province Street Laconia NH
Listed by Corina Cisneros EXP Realty Cell: 603-273-6160
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.

Annual Expenses

Taxes: $6,482

Income

Appliances : Water Heater � Domestic | Water Heater � Electric

UNIT 1 INFORMATION

Beds: 4
Baths: 2
Rooms: 0
Sq.Ft.: 1500
Level: 45
Info : Heat - Natural Gas,Hot Water,Primary BR w/ BA,Porch,Range - Electric,Refrigerator,Storage
Tenant Pays : Electric,Heat,Hot Water,Internet Service
Rent : 2100.00 Monthly
Signed Lease : No
Status : Vacant

UNIT 2 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 976
Level: 43
Info : Dryer,Electric,Heat,Hot Water,Range - Electric,Washer
Tenant Pays : Electric,Heat,Hot Water,Internet Service
Rent : 1600.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 3 INFORMATION

Beds: 2
Baths: 1
Sq.Ft.: 975
Level: 43A
Info : Electric,Heat,Hot Water,Range - Electric
Tenant Pays : Electric,Heat,Hot Water
Rent : 1550.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 4 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 550
Level: 43B
Info : Electric,Heat,Hot Water,Range - Electric,Refrigerator
Tenant Pays : Electric,Heat,Hot Water,Internet Service
Rent : 1250.00 Monthly
Lease Term : Annual
Status : Leased

Exterior Features:
Porch - Covered
Exterior Color: White
Roof: Shingle - Asphalt
Garage And Parking: On-Site | On Street | Parking Spaces 6+
Seasonal: No

Additional Information
Docs Available : Aerials | Deed | Lease Agreements | Property Disclosure
ROW Length: 12'4"
ROW Width: 108
Block - 188
Taxes $6,482
Assesed Value Not Reported

Schools
School District: Laconia Sch Dst SAU #30

5 Old Nugget Alley, Hanover, NH 03755 603-643-3942

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