Fully occupied and income-producing, this Lebanon three-unit property offers a practical investment opportunity in one of the Upper Valley's most dependable rental markets. Conveniently located near Dartmouth College, Dartmouth Hitchcock Medical Center, and downtown Lebanon, the property has strong tenant appeal and provides rental income from day one. Each unit is straightforward, functional, and easy to rent, with off-street parking and usable outdoor space adding to the overall appeal. Recent exterior improvements, including paint and porch work, have already been completed, giving the next owner a solid starting point with room to improve returns over time. The property is being sold as-is. The seller is currently removing and updating the small amount of active knob-and-tube wiring located in the attic, with work anticipated for late August. Highlights include a fully rented three-unit layout, consistent income, off-street parking, outdoor space, completed exterior updates, and potential to increase rents and long-term returns.
Operating Expenses : Heat,Insurance,Maintenance,Professional Management,Sewer,Snow Removal,Trash,Water/Sewer
Annual Expenses
Taxes: $8,860
Income
Gross Income | $61,800
NetIncome | $21,597
Appliances : Water Heater
Construction: Wood Frame | Vinyl Siding
Year Built: 1880
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3390
Above Grade Sq.Ft.: 1960
Basement: Concrete Floor | Sump Pump
Roof: Asphalt Shingle
Seasonal: No
Heating: Forced Air | Hot Water
Cooling: None
Electric: Circuit Breaker(s) | Knob and Tube
Utilities: Cable
Electric Meters: 3
Gas_Meters: 1
Water: Public
Sewer: Public
Land Information
City Lot | Sidewalks | In Town | Near Shopping | Neighborhood | Near Public Transport | Near Hospital | Near School(s)
Lot size: 0.16 acres
Zoned: R3)
Surveyed: Unk
Flood Zone: No
Driveway: Paved