45 Province Street Laconia, NH 03246

$729,000

MLS #5037607 | Multi Family |
Estimated Payment $89/per month
Active Under Contract
Last synced 16 minutes ago
Last updated 5/8/2025, 9:43:22 AM
Lot SqFt
11,326
Sq. Ft.
3,608
Acres
0.26
Property Type
Multi Family
Stories
2
$ / Acres
$2,803,846
$ / SqFt
$202
Days on Market
15
Year Built
1895

School Information

School District - Laconia Sch Dst SAU #30

Community Information

City - Laconia
County - NH-Belknap
Zip Code - 03246
Remarks for 45 Province Street
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.
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 ... View more
Property Details for 45 Province Street

Financial Details

  • Year Built: 1895
  • Tax Rate: 13.63
  • Tax Year: 2024
  • Taxes TBD: No
  • Tax - Gross Amount: 6482.00
  • Foreclosed/Bank-Owned/REO: No
  • Assessment Amount: 475600
  • Assessment Year: 2024

Heating

  • Heating: Natural Gas, Electric, Hot Water, Radiant Electric
  • Total Heat Units: 4

Cooling

  • Cooling: None

Appliances

  • Total Water Heaters: 4

Utilities

  • Sewer: Public
  • Electric: 200 Amp
  • Total Gas Meters: 1
  • Electric Company: Eversource
  • Fuel Company: Liberty Utilities

Lot

  • Acres: 0.26
  • Lot Size (Sq Ft): 11326
  • Lot: 67
  • Road Frontage: Yes
  • Road Frontage Length: 110
  • ROW - Length: 12'4"
  • ROW - Parcel Access: Yes
  • ROW - Width: 108

Parking

  • Total Garage Spaces: 2
  • Garage Type: None
  • Driveway: Paved
  • Parking: On-Site, On Street, Parking Spaces 6+

Property Features

  • Waterfront: None
  • Water Body Access Details: None
  • Water Body Type: Lake
  • Color: White
  • FeaturesExterior: Porch - Covered

Interior Features

  • Has Basement: Yes
  • Basement Access: Interior
  • Basement: Yes
  • Basement Access Type: Interior
  • BasementDescription: Concrete Floor, Storage Space, Unfinished, Interior Access, Exterior Access, Stairs - Basement

Flooring

  • Flooring: Carpet, Laminate, Tile

Foundation

  • Foundation: Brick, Fieldstone

Interior Area

  • Building Size: 3608
  • Stories: 2
  • SqFt-Apx Total: 5976
  • SqFt-Apx Fin Below Grade: 0.00

Roof

  • Roof: Shingle - Asphalt

Property Details

  • Listing ID: 5037607
  • MLS Number: 5037607
  • MLS Office ID: 5755
  • Map Address: 45 Province, Laconia, NH 03246
  • Property Type: Multi Family
  • Property Subtype: None
  • Listing Agent Name: Corina Cisneros
  • Agent MLS ID: 6765
  • Office Listing Name: EXP Realty
  • Seasonal: No
  • Total 2 BR Units: 2
  • Pre-Construction: No
  • Construction Status: Existing

Schools

  • School District: Laconia Sch Dst SAU #30
  • School - District: Laconia Sch Dst SAU #30

Land Details

  • Block: 188
  • Current Use: No
  • Deed - Book: 3585
  • Deed - Page: 802
  • Flood Zone: No
  • Map: 457
  • Surveyed: Unknown

Restrictions

  • Covenants: Yes
Mapping for 45 Province Street
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Hide Similar Listings

Average price

$785,000

Median price

$785,000

Average price/sqft

$785,000

Estimated value

$785,000

Address
Status
Year
Lot
Sqft
$/Sqft
Baths
Beds
List Price
Closed Price
45 Province Street
1895
0.26
3608
$202
$729,000
Bedrooms: All
Bathrooms: All
Property square footage: All
Year built: All
Price and Status History for 45 Province Street
May
8
5/8/2025, 9:43:22 am (yesterday)
Status Changed
Active to Active Under Contract
Apr
23
4/23/2025, 8:13:21 pm (16 days ago)
Initial Price Set
$729,000
4/23/2025, 8:13:21 pm (16 days ago)
Newly Listed
Active
Payment Calculator for 45 Province Street
$89 per month 30 year fixed loan
Principle and Interest $5
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