Duplex with Country Store and
For Sale
$465,000
518 Province Road, Gilmanton, NH 03237
Three separately metered units include a country store and two apartments, with multiple income streams.
Property Size3,552 SF
Price / SF$130.91
Days on Market95
Property Features for 518 Province Road
General Information
Standard status
Active
Size
3,552 SF
Property subtype
Multi-family
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
NH Brokerage LLC
Listed By:
Mary Duquette
(603) 866-2942
Source:
Profoundrealestate
Added: Apr 28
Changed: Jul 31
Last Checked: Jul 31 at 5:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NH Brokerage LLC
Investment Insights
Based on property information with market context.
Built in 1930, this mixed-use duplex property includes three separately metered units and a total of 3,552 SF. The commercial unit operates as a country store and features wood floors, an oversized walk-in refrigerator, and a newly renovated bathroom. The two residential units include private laundry.
The second unit is a two-bedroom, two-level apartment with two bathrooms, an additional bonus room, a private deck, and a landscaped backyard; it is occupied by long-term tenants. The third unit is a one-bedroom, open-concept apartment with a ½ bath and a private deck, and it is currently owner-occupied.
Recent updates include a new roof, updated plumbing, electrical, drywall, and insulation in the commercial space and second-floor apartment, along with a new water pump, pressure tank, and hot water heater. A newer water filtration system was installed in 2024. The property is located in the heart of Gilmanton on Province Road, directly across from the town offices and local businesses, offering strong visibility.
Proof of funds or lender pre-approval is required prior to scheduling a showing.
The second unit is a two-bedroom, two-level apartment with two bathrooms, an additional bonus room, a private deck, and a landscaped backyard; it is occupied by long-term tenants. The third unit is a one-bedroom, open-concept apartment with a ½ bath and a private deck, and it is currently owner-occupied.
Recent updates include a new roof, updated plumbing, electrical, drywall, and insulation in the commercial space and second-floor apartment, along with a new water pump, pressure tank, and hot water heater. A newer water filtration system was installed in 2024. The property is located in the heart of Gilmanton on Province Road, directly across from the town offices and local businesses, offering strong visibility.
Proof of funds or lender pre-approval is required prior to scheduling a showing.
Key Highlights
- 3,552 SF mixed‑use duplex property built in 1930
- Three separately metered units for multiple income streams
- Commercial country store with wood floors and oversized walk‑in refrigerator
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.9k | $18.00 |
| − Vacancy | −$4.2k | −$1.17 |
| EGI | $59.8k | $16.83 |
| − OpEx | −$17.9k | −$5.05 |
| NOI | $41.8k | $11.78 |
3,552 SF · lease $18.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$766.1K
$670.4K – $893.8K
NOI $53,630 @ 7.0% cap · market cap 11.53%
Second Best
Multifamily LT 5
$740.4K
$647.8K – $863.8K
NOI $51,827 @ 7.0% cap · market cap 11.15%
Theoretical Best
Office A
$844.7K
$739.1K – $985.5K
NOI $59,128 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 03237, NH
2,478
Population
1,340
Households
1.8
Avg Household Size
48
Median Age
43%
College-Educated
98%
High-School Grad
38.0 sq mi
ZIP Area
65
Density / Sq Mi
$107,353
Median Household Income
$53,424
Median Earnings
$317,600
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?
Duplex - Three separately metered units include a country store and two apartments, with multiple income streams.
Where is this duplex located?
The property is located at 518 Province Road Gilmanton, NH.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 3,552 SF mixed‑use duplex property built in 1930; Three separately metered units for multiple income streams; Commercial country store with wood floors and oversized walk‑in refrigerator
