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Guillermo A Molina Jr

info@theomteam.com +1(978) 360-3441

Listed by Mary Duquette • NH Brokerage LLC

$ 460,000

Est. payment | -/mo

3 Beds

4 Baths

3,552 SqFt

Save

$ 460,000

Est. payment | -/mo

Save

3 Beds

4 Baths

3,552 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,552 sqft

Price per Sqft $129

MLS Listing ID 5086619

Bedrooms 3

Full Baths 4

Construction Status Existing

Year Built 1930

Annual Tax Amount $7,562

Tax Year 2026

Lot Size 0.440 Acres

Acres 0.44

Property 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.

Location

State NH

County Nh-belknap

Area Nh-Belknap

Zoning Commercial/Residential

Rooms

Basement Entrance Interior

Basement Bulkhead, Interior Access, Interior Stairs, Partially Finished

Interior

Cooling Wall AC Units

Exterior

Utilities Available Cable Available, Telephone Available

Roof Type Architectural Shingle

Building

Story 2

Sewer 1500+ Gallon, Concrete, Leach Field, Private, Septic

Architectural Style Apartment Building, Gambrel, Multi-Family

Construction Status Existing

Schools

Elementary Schools Gilford Elementary

Middle Schools Gilmanton School

High Schools Gilford High School

School District Gilmanton Sch Dsct Sau #79

NEARBY SCHOOLS & PROPERTIES

+1(978) 360-3441

info@theomteam.com

190 State Street Unit 5, Newburyport, MA 01950, United States

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518 Province RD Gilmanton, NH 03237