




518 Province Road, Gilmanton, NH, 03237
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
Schools
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
- Ice Storm
- Winter Weather
- Hurricane
- Inland Flooding
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across New Hampshire Counties
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
| Monthly | Annual | |
|---|---|---|
| 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...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-04 | Listed for sale | $478,900 |
| 2025-10-26 | Listing removed | $470,000 |
| 2025-09-04 | Price change | $470,000 |
| 2025-08-26 | Price change | $480,000 |
| 2025-07-03 | Listed for sale | $484,400 |
