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

$729,000

MLS# 5037607
3608 sq.ft. Bedroom | 0 Bathroom
Multi Family
45 Province Street Laconia NH
on Winnipesaukee 		 
$729,000 | $202 per sq.ft. | MLS# 5037607 A 4  Unit Multi Family Home, 45 Province Street Laconia NH With 1 - One Bedroom Units | 2 - Two Bedroom Units | 1 - Three Bedroom Units

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. Appliances : Water Heater – Domestic | Water Heater – Electric

Annual Expenses
Taxes: $6,482 		    Income
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
Rent : 1550.00 Monthly
Status : Leased
UNIT 4 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 550
Level: 43B
Info : Electric,Heat,Hot Water,Range - Electric,Refrigerator
Rent : 1250.00 Monthly
Status : Leased

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Asbestos Exterior | Exterior Color White | Price Per SQ.FT. 202.05 | Year Built: 1895
 LAND DESCRIPTION: LOT DESCRIPTION: City Lot | Lake Access | Lakes | Level | Rental Complex | Sidewalks | In Town | Near Golf Course | Near Shopping | Near Skiing | Beach Access | Near Hospital | Near School(s)
Avail.Sq.Ft.: 4
Livable Space: 3608
Above Grade Sq.Ft.: 3608
Below Grade Sq.Ft.: 0
Foundation: Brick | Fieldstone
Heating: Natural Gas | Electric | Hot Water | Radiant Electric
Cooling: None
Electric: 200 Amp
Style: Multi-Family
Roof: Shingle - Asphalt
Water: Metered | Public
Sewer: Public
Lot size: 0.26 acres
Zoned: RG
Surveyed: Unk
Flood Zone: No
Seasonal: No
Garage And Parking: On-Site | On Street | Parking Spaces 6+
Road Frontage: 110
Driveway: Paved
ADDITIONAL INFORMATION
Docs Available : Aerials | Deed | Lease Agreements | Property Disclosure
Taxes $6,482  | Assesed Value $475,600 in 2024
SCHOOLS
School District: Laconia Sch Dst SAU #30
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15 Buck Rd. Hanover, NH 03755 603-643-3942

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