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.
Construction: Wood Frame | Asbestos Exterior
Year Built: 1895
Style: Multi-Family
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 5976
Above Grade Sq.Ft.: 3608
Basement: Concrete Floor | Storage Space | Unfinished | Interior Access | Exterior Access | Stairs - Basement
Foundation: Brick | Fieldstone
Exterior Features:
Porch - Covered
Exterior Color: White
Roof: Shingle - Asphalt
Garage And Parking: On-Site | On Street | Parking Spaces 6+
Seasonal: No
Heating: Natural Gas | Electric | Hot Water | Radiant Electric
Cooling: None
Electric: 200 Amp
Trash: Curbside | Municipal | T
Utilities: Cable - Available | Gas - Underground
Electric Meters: 5
Gas_Meters: 1
Water: Metered | Public
Sewer: Public
Land Information
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 size: 0.26 acres
Zoned: RG)
Surveyed: Unk
Flood Zone: No
Road Frontage: 110
Driveway: Paved