Triplex with Detached
For Sale
Under Contract
$570,000
601-607 Province Road, Laconia, NH 03246
Multi-Family, Laconia, NH
Property Size2,325 SF
Lot Size2.00 Acres
Price / SF$245.16
Days on Market33
Property Features for 601-607 Province Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 6, Bedroom 4, Bathroom 5, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1
Patio and Porch features
Patio
Exterior features
Garden Space, Patio
Appliances
Electric Water Heater, Water Heater
Lot features
Landscaped, Level
Standard status
Active Under Contract
Size
2,325 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6713
Utilities
Heating system
Oil
Water source
Well
Amenities
washer/dryer hookups
detached garage
off-street parking
brook
Building Details
Year built
1910
Floors in Building
2
Number of units
3
Flooring type
Carpet, Tile, Wood
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
BobbyVan Realty
(603) 505-0518
Listed By:
Robert Van Laarhoven
(603) 505-0518
Added: Jul 28
Changed: Aug 24
Last Checked: Aug 29 at 11:06AM
MLS# 5102410
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex property includes three independent residential units across a main building and a detached studio cottage. The primary structure contains a three-bedroom townhouse-style unit and a separate two-bedroom apartment, while the cottage adds a studio layout. The property offers 2,325 square feet, six bedrooms, and five bathrooms overall, with wood-frame construction, wood, tile, and carpet flooring, oil heat, and a shingle roof. Individual electric meters and washer and dryer hookups serve multiple units. An oversized detached two-car garage provides additional storage, and the site includes off-street parking, a patio, garden space, and a private well.
Set on 2 acres in Laconia, the property is near Downtown Laconia, Route 106, and the Laconia Bypass. Lake Winnipesaukee, shopping, restaurants, and year-round recreation are within minutes. The property is zoned RA and was built in 1910.
Set on 2 acres in Laconia, the property is near Downtown Laconia, Route 106, and the Laconia Bypass. Lake Winnipesaukee, shopping, restaurants, and year-round recreation are within minutes. The property is zoned RA and was built in 1910.
Key Highlights
- Three independent residential units: a 3‑bedroom townhouse, 2‑bedroom apartment, and detached studio cottage
- 2,325 square feet with 6 bedrooms and 5 bathrooms
- 2‑acre parcel in Laconia zoned RA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,924
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$678,480
$678.5K
Cap Rate 7%
$484,629
$484.6K
Cap Rate 9%
$376,933
$376.9K
Market Conditions
NOI Build-Up for 2,325 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.2K $21.60/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$48.5K $20.84/SF
− OpEx
−$14.5K −$6.25/SF
NOI
$33.9K $14.59/SF
Area
Belknap County, NH
Vacancy
3.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$678,480
Cap Rate 7%
$484,629
Cap Rate 9%
$376,933
Alternative Uses
Best Use
Multifamily LT 5
$484.6K
$424.1K – $565.4K
NOI $33,924 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$445.6K
$389.9K – $519.9K
NOI $31,193 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$552.9K
$483.8K – $645.1K
NOI $38,703 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Explore this area
Business Placement
Demographics for 03246, NH
16,905
Population
10,426
Households
1.6
Avg Household Size
47
Median Age
25%
College-Educated
93%
High-School Grad
19.9 sq mi
ZIP Area
849
Density / Sq Mi
$68,407
Median Household Income
$40,504
Median Earnings
$1,180
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three independent units include townhouse-style living, a second apartment, and a separate cottage on a wooded residential parcel.
Where is this triplex located?
The property is located at 601-607 Province Road Laconia, NH.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Three independent residential units: a 3‑bedroom townhouse, 2‑bedroom apartment, and detached studio cottage; 2,325 square feet with 6 bedrooms and 5 bathrooms; 2‑acre parcel in Laconia zoned RA
