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Listing courtesy of PRIME_MLS / Corina Cisneros / EXP Realty / Cell: 603-273-6160

45 Province

Laconia, NH 03246

Name: Open House: 10am-12pm
Start: 2025-04-26T10:00:00
End: 2025-04-26T12:00:00
Location: 45 Province

– beds
– baths
3,608 sqft
11,326 sqft lot
$202 per sqft
1895 build
– on site

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.

Listing courtesy of PRIME_MLS / Corina Cisneros / EXP Realty / Cell: 603-273-6160

Last checked: Checking… • Last updated Apr 24, 2025 •

MLS# 5037607 —

Upcoming Open Houses

Saturday, 4/26
10am-12pm

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The Building

Year Built:

1895
Pre-Construction:

No
Construction Status:

Existing
Construction Materials:

Wood Frame, Asbestos Exterior
Architectural Style:

Multi-Family
Roof:

Shingle - Asphalt
Foundation:

Brick, Fieldstone
Total Stories:

2.5
Total Units:

4
Approx SqFt Total:

5976
Approx SqFt Total Finished:

3,608 Sqft
Approx SqFt Finished Above Grade:

3,608 Sqft
Approx SqFt Finished Below Grade:

0 Sqft
Approx SqFt Unfinished Above Grade:

416
Approx SqFt Unfinished Above Grade Source:

Public Records
Approx SqFt Unfinished Below Grade:

1952
Approx SqFt Finished Building Source:

Public Records
Approx SqFt Unfinished Building Source:

Public Records
Approx SqFt Finished Above Grade Source:

Public Records
Road Frontage Type:

Public

Interior

Flooring:

Carpet, Laminate, Tile
Basement:

Yes
Basement Description:

Concrete Floor, Storage Space, Unfinished, Interior Access, Exterior Access, Stairs - Basement
Basement Access Type:

Interior
Room 5 Type:

Leased

Location

Map:

457
Latitude:

43.520735881010388
Longitude:

-71.464481000000021

The Property

Property Class:

Multi-Family
Seasonal:

No
Lot:

67
Lot Features:

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)
Lot SqFt:

11,326 Sqft
Lot Acres:

0 Sqft
Zoning:

RG
Exterior Features:

Porch - Covered
Driveway:

Paved
Road Frontage:

Yes
Road Frontage Length:

110 Sqft
Water Body Name:

Lake Winnipesaukee
Water Body Type:

Lake
Water Body Access:

Yes
Water Access Details:

Municipal Residents Only, Other
Water Restrictions:

Unknown
ROW - Length:

12'4"
ROW - Width:

108
ROW - Parcel Access

Yes

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Rate:

13.63
Taxes TBD:

No
Tax - Gross Amount:

$6,482

Beds

Total 2 Bedroom Units:

2

Baths

Total Full Baths:

5
Unit 1 Baths:

2
Unit 2 Baths:

1

The Listing

Price Per SqFt:

202.05
Foreclosed/Bank-Owned/REO:

No

Heating & Cooling

Heating:

Natural Gas, Electric, Hot Water, Radiant Electric
Total Heat Units:

4
Total Water Heaters:

4
Fuel Company:

Liberty Utilities

Utilities

Utilities:

Cable - Available, Gas - Underground
Separate Utilities:

Varies
Sewer:

Public
Electric:

200 Amp
Water Source:

Metered, Public
Total Gas Meters:

1
Total Electric Meters:

5
Trash:

Curbside, Municipal, Tenant

Appliances

Appliances:

Water Heater – Domestic, Water Heater – Electric
Total Refrigerators:

4

Schools

School District:

Laconia Sch Dst SAU #30

The Community

Covenants:

Yes
Assessment Year:

2024
Assessment Amount:

475600

Parking

Garage:

Yes
Garage Capacity:

2
Parking:

On-Site, On Street, Parking Spaces 6+

Extra Units

Unit 1 Bedrooms:

4
Unit 1 Approx SqFt:

1,500 Sqft
Unit 2 Bedrooms:

2
Unit 2 Approx SqFt:

976
Total 3+ BR Units:

1
Unit 3 Bedrooms:

2
Unit 3 Baths:

1
Unit 3 Approx SqFt:

975 Sqft
Unit 4 Bedrooms:

1
Unit 4 Baths:

1
Unit 1 Info:

Heat - Natural Gas, Hot Water, Primary BR w/ BA, Porch, Range - Electric, Refrigerator, Storage
Unit 2 Info:

Dryer, Electric, Heat, Hot Water, Range - Electric, Washer
Unit 3 Info:

Electric, Heat, Hot Water, Range - Electric
Unit 4 Info:

Electric, Heat, Hot Water, Range - Electric, Refrigerator

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Sale history

Date	Event	Source	Price
4/23/25 Apr 23, 2025	Listed / Active	PRIME_MLS	$729,000
3/18/22 Mar 18, 2022	Sold	PRIME_MLS
2/12/22 Feb 12, 2022	Sold Subject To Contingencies	PRIME_MLS

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This multifamily located in Laconia, NH 03246 is currently for sale for $729,000. 45 Province is a 3,608 square foot multifamily with – beds and – baths that has been on Estately for 1 days. This multifamily is in the attendance area of Laconia Middle School and Laconia High School.

Listing Courtesy of: PRIME_MLS and EXP Realty.

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.

45 Province

Laconia, NH 03246