List Price: $1,350,000 | $206 per sq.ft. Multi Family A 9 Unit Multi Family Home
With 3 One Bedroom Units , 4 - Two Bedroom Units ,2 - Three Bedroom Units
Listed Friday Sep 5, 2025 | MLS# 5059958
With 3 One Bedroom Units , 4 - Two Bedroom Units ,2 - Three Bedroom Units
Listed Friday Sep 5, 2025 | MLS# 5059958
36-48 Main Street Lebanon NH
Listed by Samuel Roberts Beacon Realty Group, LLC
Listed by Samuel Roberts Beacon Realty Group, LLC
Seize this iconic 9-unit multi-family property in the heart of Downtown West Lebanon, NH - hitting the market for the first time in over 60 years! This proven cash-flow generator delivers a strong projected cap rate of 9%, ensuring immediate returns with all units fully leased and reliable rental income from day one. Perfectly situated in the vibrant downtown core, it offers unparalleled access to local shopping, diverse dining options, and seamless connections to nearby Hanover, Dartmouth College, and West Lebanon commerce. This prime location positions it ideally amid West Lebanon's ongoing revitalization efforts, transforming the area into a dynamic hub for residents, businesses, and community growth. Refreshed interiors enhance its appeal for modern tenants, while the property's untapped developability opens doors to exciting value-add opportunities, such as expansions or adaptive repurposing in a rapidly appreciating market. Don't miss this rare chance to own a cornerstone of West Lebanon's promising future
Operating Expenses : Heat,Insurance,Maintenance,Professional Management,Snow Removal,Trash,Utilities,Water
Occupant Restrictions : No Smoking
Occupant Restrictions : No Smoking
Annual Expenses
Taxes: $14,312
Taxes: $14,312
Income
Gross Income | $184,200
NetIncome | $140,200
Gross Income | $184,200
NetIncome | $140,200
Appliances : Propane Water Heater
UNIT 1
Beds: 2
Baths: 1
Rooms: 0
Level: 1
Info : Appliances Included,Heat Included,Hot Water,Electric Range,Refrigerator
Tenant Pays : Electric,Internet Service
Rent : 1750.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2
Beds: 2
Baths: 1
Rooms: 0
Level: 1
Info : Appliances Included,Heat Included,Hot Water,Electric Range,Refrigerator
Tenant Pays : Electric,Internet Service
Rent : 1750.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Vacant
UNIT 3
Beds: 2
Baths: 1
Level: 2
Info : Appliances Included,Heat Included,Hot Water,Electric Range,Refrigerator
Tenant Pays : Electric,Internet Service
Rent : 1750.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 4
Beds: 2
Baths: 1
Level: 1
Info : Appliances Included,Heat Included,Hot Water,Electric Range,Refrigerator
Tenant Pays : Electric,Internet Service
Rent : 1750.00 Monthly
Lease Term : Annual
Status : Leased
UNIT 5
Beds: 1
Baths: 1
Rooms: 0
Level: 2
Info : Appliances Included
Tenant Pays : Electric,Internet Service
Rent : 1450.00 Monthly
Lease Term : Annual
Signed Lease : Yes
UNIT 6
Beds: 1
Baths: 1
Level: 2
Info : Appliances Included,Heat Included,Hot Water,Electric Range,Refrigerator
Tenant Pays : Electric,Internet Service
Rent : 1150.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 7
Beds: 3
Baths: 1
Level: 3
Info : Appliances Included,Heat Included,Hot Water,Electric Range,Refrigerator
Tenant Pays : Electric,Internet Service
Rent : 2000.00 Monthly
Status : Leased
UNIT 8
Beds: 1
Baths: 1
Rooms: 0
Level: 2
Info :
Tenant Pays : Electric,Internet Service
Rent : 1750 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
Construction: Wood Frame | Aluminum Siding
Year Built: 1890
Style: Apartment Building
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 8875
Above Grade Sq.Ft.: 6549
Basement: No Tenant Access | Partial | Exterior Access
Year Built: 1890
Style: Apartment Building
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 8875
Above Grade Sq.Ft.: 6549
Basement: No Tenant Access | Partial | Exterior Access
Exterior Color: Green
Roof: Asphalt Shingle
Seasonal: No
Roof: Asphalt Shingle
Seasonal: No
Heating: Propane | Baseboard | Hot Water
Cooling: Individual
Electric: 200+ Amp Service | Circuit Breaker(s)
Trash: Dumpster
Utilities: Propane
Electric Meters: 9
Gas_Meters: 1
Water: Public
Sewer: Public
Cooling: Individual
Electric: 200+ Amp Service | Circuit Breaker(s)
Trash: Dumpster
Utilities: Propane
Electric Meters: 9
Gas_Meters: 1
Water: Public
Sewer: Public
Land Information
Major Road Frontage | Rental Complex | Sidewalks | In Town | Near Shopping | Near Public Transportatn | Near School(s)
Lot size: 0.36 acres
Zoned: CBD)
Surveyed: Unk
Flood Zone: No
Road Frontage: 55
Driveway: Dirt
Major Road Frontage | Rental Complex | Sidewalks | In Town | Near Shopping | Near Public Transportatn | Near School(s)
Lot size: 0.36 acres
Zoned: CBD)
Surveyed: Unk
Flood Zone: No
Road Frontage: 55
Driveway: Dirt
Occupant Restrictions : No Smoking
Docs Available : Deed | Lease Agreements | Property Disclosure | Tax Map
Easement - Unknown
Block - 81
Taxes $14,312
Assesed Value Not Reported
Schools
School District: Lebanon Sch District SAU #88
Elementary School: Mount Lebanon School
Middle School: Lebanon Middle School
High School: Lebanon High School
School District: Lebanon Sch District SAU #88
Elementary School: Mount Lebanon School
Middle School: Lebanon Middle School
High School: Lebanon High School
PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion
of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the
nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to
consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM