518 Province Road Gilmanton, NH
$462,500
Beds 3
Square Footage 3,552
Acres 0.44
Description
PRICE REDUCED! Now $34,000 Below Assessed Value! Instant Equity from Day One. This turnkey commercial/multifamily property presents an outstanding investment opportunity with immediate income potential. With established leases already in place, you'll benefit from cash flow from day one while building long-term equity. Ideally located in the heart of Gilmanton, directly across from the town offices and local businesses, 518 Province Road offers outstanding visibility, convenience, and strong rental appeal. The property features three separately metered units, creating multiple income streams and added flexibility. The commercial unit is home to a charming country store and features beautiful wood floors, an oversized walk-in refrigerator, and a newly renovated bathroom. The second unit is a spacious two-bedroom, two-level apartment with two bathrooms, an additional bonus room, a private deck, and a beautifully landscaped backyard retreat. This unit is occupied by long-term tenants. The third unit is a one-bedroom, open-concept apartment with a ¾ bath and a private deck and is currently owner-occupied. Both residential units include their own private laundry. Extensive updates have already been completed, including a new roof, updated plumbing, electrical, drywall, and insulation in the commercial space and second-floor apartment. Additional improvements include a new water pump, pressure tank, and hot water heater, along with a newer water filtration system installed in 2024, providing peace of mind and reducing future maintenance costs. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the others, this well-maintained mixed-use property offers strong cash flow, significant recent capital improvements, and excellent long-term investment potential. Proof of funds or lender pre-approval is required prior to scheduling a showing.
Listed by NH Brokerage LLC, Mary Duquette 800-335-9022
Details
MLS 5086619
Price $462,500
Status Active
DOM 134 days
Type Multi-Family
Style Gambrel, Apartment Building, Multi-Family
Beds 3
Square Feet 3,552 sqft
Lot Size 0.44 acres
Year Built 1930
Taxes Paid $7,562
Lot & Building Features
Utilities Telephone Available, Cable Available
Construction Asbestos Exterior, Combination Exterior, Clapboard Exterior
Cooling Wall AC Units
Heating Pellet Stove, Electric, Oil
Parking Description Assigned, Paved, Driveway
Sewer 1500+ Gallon, Concrete, Leach Field, Septic, Private
Tax Year 2026
Taxes Paid $7,562
Water Private, Drilled Well
Basement Description Partially Finished, Bulkhead, Interior Access, Interior Stairs
Foundation Concrete
Lot Description Corner, In Town, Near Snowmobile Trails, Landscaped
Roof Architectural Shingle
Features Exterior Deck
Garage No
Unit Features
Unit 1 Baths 2
Unit 1 Bedrooms 2
Unit 1 Info Deck, Dryer, Smoke Detector, Dishwasher, Electric Range, Refrigerator
Unit 1 Lease Term Annual
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1800.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 6
Unit 1 Status Leased
Unit 1 Tenant Pays Heat, Electric
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Info Wood Stove, Mudroom, Deck, Washer, Dryer, Electric Range, Refrigerator
Unit 2 Level Number 2nd Floor
Unit 2 Rental Agreement No
Unit 2 Rooms 4
Unit 2 Status Owner Occupied
Unit 3 Baths 1
Unit 3 Bedrooms 0
Unit 3 Lease Term Other
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1400.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 3
Unit 3 Status Leased
Unit 3 Tenant Pays Management Expenses, Heat, Electric
Schools
Elementary School Gilford Elementary
Junior High School Gilmanton School
Senior High School Gilford High School
Multi-Family Home for Sale: 518 Province Road, Gilmanton, NH 03237
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Financing
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6.75%
$
$
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per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.

