Triplex with Detached Studio
New
For Sale
$570,000
601-607 Province Road, Laconia, NH 03246
Three independent units provide six bedrooms, five bathrooms, and flexible residential occupancy options.
Property Size2,325 SF
Price / SF$245.16
Days on Market7
Property Features for 601-607 Province Road
General Information
Standard status
Active
Size
2,325 SF
Property subtype
Multi Family
Zoning
RA
Taxes and HOA fees
Annual Taxes
$6,713
Building Details
Year Built
1910
Stories
1
Tenancy
Multi
Listing Agency:
BobbyVan Realty
(603) 505-0518
Listed By:
Robert Van Laarhoven
(603) 505-0518
Source:
Laerrealty
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 7 at 12:47AM
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 BobbyVan Realty
Investment Insights
Based on property information with market context.
This three-unit multifamily property includes a 3-bedroom townhouse-style residence, a separate 2-bedroom unit, and a detached studio cottage. The layout provides six bedrooms and five bathrooms across the property, with washer/dryer hookups serving multiple units. Individual electric meters support separate utility tracking for each residence.
The property also includes an oversized detached 2-car garage with substantial storage and additional off-street parking. A brook contributes a natural feature to the grounds. Built in 1910 and zoned RA, the property is located at 601-607 Province Road in Laconia, near Downtown Laconia, Route 106, and the Laconia Bypass. Lake Winnipesaukee, shopping, restaurants, and year-round recreation are also described as minutes away.
The property also includes an oversized detached 2-car garage with substantial storage and additional off-street parking. A brook contributes a natural feature to the grounds. Built in 1910 and zoned RA, the property is located at 601-607 Province Road in Laconia, near Downtown Laconia, Route 106, and the Laconia Bypass. Lake Winnipesaukee, shopping, restaurants, and year-round recreation are also described as minutes away.
Key Highlights
- Three independent residential units: 3‑bedroom townhouse, 2‑bedroom unit, and detached studio cottage
- Six bedrooms and five bathrooms total
- Oversized detached 2‑car garage with abundant storage
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
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
139
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 provide six bedrooms, five bathrooms, and flexible residential occupancy options.
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: 3‑bedroom townhouse, 2‑bedroom unit, and detached studio cottage; Six bedrooms and five bathrooms total; Oversized detached 2‑car garage with abundant storage
