518 Province Road Gilmanton, NH

$460,000
Acres 0.44
Photo of 518 Province Road Gilmanton NH 03237




Description

PRICE REDUCED! Now $36,500 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 5100564
Price $460,000
Status Active
DOM 89 days
Type Commercial
Lot Size 0.44 acres
Year Built 1930
Taxes Paid $7,562

Lot & Building Features

Utilities Telephone Available, Cable Available
Heating Pellet Stove, Electric, Oil
Parking Description Parking Spaces 5 - 10, Paved, Driveway
Sewer Leach Field, Septic, Private
Tax Year 2026
Taxes Paid $7,562
Water Private, Drilled Well
Basement Description Partially Finished
Lot Description Corner, In Town, Landscaped
Roof Architectural Shingle

Map

Get Directions

Financing

$
20%
1.6439130434783%
6.75%
$
$
$
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.


Browse By Area