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518 Province Road, Gilmanton, NH, 03237

3beds
4baths
3,552sqft
$465,000
$131price/sqft
$3,463/moest. monthly cost
$138,520/yrincome needed

About This Home

Coming soon! Exceptional opportunity to own a turnkey commercial/multifamily investment property ready for its next owner or investor to build long-term equity. With leases already in place, this property offers immediate income potential and helps offset operating expenses from day one. Ideally located in a desirable Gilmanton setting directly across the street from town offices and local businesses, 518 Province Road offers both convenience and strong rental appeal. The property features three units, each with separate meters. The commercial unit is currently operating as a charming country store and includes an oversized walk-in refrigerator, a newly updated bathroom, and beautiful wood floors. The second unit is a spacious two-bedroom, two-level residential apartment with an additional bonus room and two bathrooms, along with a private deck and landscaped backyard that provides a peaceful outdoor retreat and is occupied by long-term tenants. The third unit offers a one-bedroom, open-concept layout with a 3/4 bath and a deck and is currently owner-occupied. This property has seen extensive recent updates, including a new roof, as well as updated plumbing, electrical, drywall, and insulation in the commercial space and second-floor apartment. Additional improvements include a new water pump, water tank, and hot water heater, along with a newer water filtration system completed in 2024, providing peace of mind and reduced maintenance for years to come. With multiple income streams, significant improvements, and stable tenancy, this property presents strong upside potential for investors seeking reliable cash flow and long-term growth. Whether you are expanding your portfolio or looking for a mixed-use property with flexibility, this is a rare opportunity to invest in both income and equity appreciation. Private showings only with proof of funds or preapproval required.

Getting Around

20
WalkingCar-Dependent
0
TransitVery Limited Transit
17
BikeSomewhat Bikeable

Schools

6/10

Construction

Condition

  • Year built: 1930

Materials

  • Foundation: Concrete
  • Roof: Architectural Shingle
  • Construction materials: Asbestos Exterior,Clapboard Exterior,Combination Exterior

Type & Style

  • Home type: MultiFamily
  • Architectural style: Gambrel
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Bulkhead,Partially Finished,Interior Stairs,Interior Access,Interior Entry

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4

Features

  • Finished area below ground: 768
  • Finished area above ground: 2,784

Heating & Cooling

  • Heating features: Oil,Pellet Stove,Electric
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 3,703
  • Total interior livable area: 3,552 sqft

Property

Details

  • Zoning description: Commercial/Residential

Features

  • Levels: Two
  • Exterior features: Deck
  • Frontage length: Road frontage: 271

Lot

  • Lot size: 0.44 Acres
  • Features: Corner Lot,Landscaped,In Town,Near Snowmobile Trails

Parking

  • Parking features: Paved,Assigned,Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Ice Storm
    Ice StormRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Lightning
Ice Storm
Winter Weather
Hurricane
Inland Flooding
Strong Wind

FEMA Declared Disasters Across New Hampshire Counties

Flood
Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,351$28,212
Home Insurance $124$1,488
Property Taxes $468$5,616
Electricity $520$6,242
Total$3,463$41,556

Income You'd Need if You Spent...

35% on housing$118,731/yr
40% on housing$103,890/yr
45% on housing$92,346/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 8.6%
8.6%
0%15.0%
Property Taxes Growth Rate2-year average: -2.5%
-2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$131This listing

vs Other Active Listings

Avg $/sqft

ZIP 03237$213
Belknap County$339

vs Homes Sold Last Month

Median $/sqft

ZIP 03237$261
Belknap County$320

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-04Listed for sale$478,900
2025-10-26Listing removed$470,000
2025-09-04Price change$470,000
2025-08-26Price change$480,000
2025-07-03Listed for sale$484,400

For Sale by Agent

AgentMary Duquette
BrokerageNH Brokerage LLC

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