45 Province Street Laconia, NH 03246
9 bed / 5 bath / 3,608 Sq. Ft. / 11,326 Sq. Ft., 0.26 acres lot size / Multi-Family
Status: Sold
Listing Courtesy of: Corina Cisneros - Cell: 603-273-6160
{{listPriceUS ? listPriceUS : listPriceNoSuffix}}
{{listPriceUS ? listPriceUS : listPriceNoSuffix}}
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.
property details
Type
Multi-Family
Status
Closed
County
NH-Belknap
Year Built
1895
Beds
9
Sq. Ft.
5,976
Lot Size
11,326 Sq. Ft., 0.3 acres
Listing Id
5037607
Courtesy Of
Corina Cisneros - Cell: 603-273-6160
Interior Features
Flooring
Tile
Laminate
Carpet
Laminate
Carpet
Living Area Units
Sq. Ft.
Bathrooms Total
5
Exterior Features
Roof
Shingle
Lot/Land Description
Level
Parking
Paved
On Site
On Street
On Site
On Street
Stories
2
Parking Spaces
2
Utility & Building Info
Sewer
Public Sewer
Water Source
Public Water
Heating
Radiant
Hot Water
Hot Water
Tax Amount
6482
Building Area Total
5,976 Sq. Ft.
Above Grade Finished Area
3608 Sq. Ft.
Price Per Sq Ft
$122
Architectural Style
2 Story
Copyright © 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/18/2025 2:28 PM.
Price History
| date | event | price | source |
|---|---|---|---|
|
06/04/2025
06/04/2025
|
Sold |
$673,500
|
PrimeMLS |
|
05/08/2025
05/08/2025
|
Pending |
$729,000
|
PrimeMLS |
|
04/23/2025
04/23/2025
|
Active |
$729,000
|
PrimeMLS |
View More
Market Trends
Source: Constellation1
Mortgage Calculator
Estimated Mortgage Payment
Your total payment will be
{{ currency_symbol }}{{ parseInt(monthlyMortgage).formatThousands(0) }}
- Principal {{ parseInt(priciplePayment).formatThousands(0) }}
- Interest {{ parseInt(interestPayment).formatThousands(0) }}
({{ downPaymentFormatted }})
(Years)
Estimate does not reflect Property Tax, PMI or Homeowner Insurance. Mortgage Calculator provided by Berkshire Hathaway HomeServices.
