518 Province Road,Gilmanton, NH 03237
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.
Details
| MLS # | 5086619 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1930 |
| Days On Site | 174 |
| Listing Provided By | NH Brokerage LLC | Mary Duquette |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Zoning | Commercial/Residential |
| Acreage | 0.44 |
Interior
| Cooling | Wall Unit(s) |
|---|---|
| Heating | Oil, Pellet Stove, Electric |
Exterior
| Exterior Features | Deck |
|---|---|
| Roof | Architectural Shingle |
| Construction Materials | Asbestos Exterior, Clapboard Exterior, Combination Exterior |
| Foundation Details | Concrete |
| Lot Features | Corner Lot, Landscaped, In Town, Near Snowmobile Trails |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Assigned, Driveway, Paved |
Utilities
| Utilities | Cable Available, Phone Available |
|---|---|
| Electric | 200+ Amp Service, Circuit Breakers |
| Sewer | 1500+ Gallon, Concrete, Leach Field, Private, Septic Tank |
Taxes
| Tax Annual Amount | 7562 |
|---|---|
| Tax Block | 000 |
| Tax Lot | 037 |
| Tax Year | 2026 |
Area Information
| State | NH |
|---|---|
| County | Belknap |
| City | Gilmanton |
| Zip Code | 03237 |
| Area | NH Belknap |
| School District | Gilmanton Sch Dsct SAU #79 |
| Elementary School | Gilford Elementary |
| High School | Gilford High School |
| Listing VS Median (in 03237) | |
Price: $460,000 low | high Med: $0 On site: 174 low | high Med: | |
Market Activity 03237
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Learn More About This Property
| State | NH |
|---|---|
| County | Belknap |
| City | Gilmanton |
| Zip Code | 03237 |
| Area | NH Belknap |
| School District | Gilmanton Sch Dsct SAU #79 |
| Elementary School | Gilford Elementary |
| High School | Gilford High School |
| Listing VS Median (in 03237) | |
Price: $460,000 low | high Med: $0 On site: 174 low | high Med: | |