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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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518 Province Rd , Gilmanton, NH 03237
$462,500
Est. Payment: $1,027.78/mo
3 Bed
4 Bath
3552 Sqft
Status: Active | Days on site: 130
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House 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.

Highlights

Listed by Mary Duquette , 603-848-8481 NH Brokerage LLC , 800-335-9022.

Property Type

Multi-Family

Lot/Acreage
0.44

Year Built

1930

County

Belknap

School District

Gilmanton Sch Dsct SAU #79

Listing ID

5086619

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:4
  • Full Bathrooms:
Air Cond:Wall AC Units
Fireplaces:
Above Ground Sq Ft:2784
Basement:Yes,Bulkhead,Partially Finished,Interior Stairs,Interior Access

Exterior Features

Lot:Existing
Zoning:Commercial/Residential
Roof:Architectural Shingle
Others:
  • Additional:Deck
Sewer:1500+ Gallon,Concrete,Leach Field,Private,Septic
Parking Features:Assigned,Driveway,Paved
Principal Interest
$1,028
Taxes
$630

Home Price

$462,500

Loan Details

30 yrs
%

Down Payment

20%
$92,500
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,027.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,027.78 $630.17 $0.00 $1,657.94
Yearly $12,333.33 $7,562.00 $0.00 $19,895.33
Total $370,000.00 $226,860.00 $0.00 $596,860.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Gilmanton, NH).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.