Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Old Mill Properties
Property view
Listing view 2
Listing view 3

45 Province Street, 
Laconia, NH 03246

$729,000


Bed


Bath


3,608

Sq Ft


Multi-Family

Active

Listed by

Corina Cisneros

eXp Realty

Cell: 603-273-6160

Last updated:

May 8, 2025, 10:18 AM

MLS#

5037607

Source:

PrimeMLS

About This Home

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.

Home Facts

Multi-Family

Built in 1895

Price Summary

729,000

$202 per Sq. Ft.

MLS #:

5037607

Last Updated:

May 8, 2025, 10:18 AM

Added:

17 day(s) ago


Rooms & Interior

Interior

Living Area:

3,608 Sq. Ft.


Structure

Structure

Building Area:

5,976 Sq. Ft.

Year Built:

1895


Lot

Lot Size (Sq. Ft):

11,326


Finances & Disclosures

Finances

Price:

$729,000

Price per Sq. Ft:

$202 per Sq. Ft.

MLS Logo
Copyright 2025 Prime MLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 10, 2025

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.