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Shayla Faye

residingcoastal@gmail.com +1(207) 703-5007

Listed by Mary Duquette • NH Brokerage LLC

$ 475,000

Est. payment -/mo

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Price Dropped by $3K

518 Province RD Gilmanton, NH 03237

3 Beds

4 Baths

3,552 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,552 sqft

Price per Sqft $133

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

Priced $20,000 below the assessed value, this is an exceptional opportunity to own a turnkey commercial/multifamily investment property with immediate income potential. Ready for its next owner or investor, this well-maintained property offers the opportunity to build long-term equity while benefiting from established rental income from day one. 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 private deck and is currently owner-occupied. Both residential units have 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. With stable rental income already in place, significant capital improvements completed, and room for continued equity growth, this property is well-suited for investors or owner-occupants seeking a mixed-use investment with strong cash flow potential. Private showings by appointment only. 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, Partially Finished, Interior Stairs, Interior Access

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

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Shayla Faye

REALTOR® | License ID: 072650

+1(207) 703-5007

residingcoastal@gmail.com

www.residingcoastal.com/

170 Commerce Way, Portsmouth, NH, 03801-3226, USA

Shayla Faye

518 Province RD Gilmanton, NH 03237

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

GET MORE INFORMATION

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518 Province RD