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Granite Northland Associates
Serving Mascoma Lake Area
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  • $495,000 | $253 per sq.ft.
    3  Unit Multi Family Home,
    25 West Street Lebanon NH
    With 2 - One Bedroom Units | 1 - Two Bedroom Units
    | MLS# 5082299
  • 5082299 property image 1

  • Listed by Simon Verkaik BHHS Verani Seacoast Cell: 603-729-6179 on April 6th 2026
    DESCRIPTION
    If you’ve been trying to find a multifamily in Lebanon that actually makes sense, this is worth a look. This three-unit property is fully occupied and generating income from day one, with a proven rental history in one of the Upper Valley’s most consistently in-demand markets. You’re minutes from Dartmouth College, Dartmouth-Hitchcock Medical Center, and downtown—so vacancy risk here is about as low as it gets. The units are straightforward, functional, and easy to rent—exactly what you want in a property like this. There have already been exterior updates, including paint and porch work, so some of the heavy lifting is done. Some of the current expenses reflect recent improvements—meaning a new owner steps into upgrades that are already handled. Highlights: • Fully rented 3-unit with consistent income • Off-street parking + usable outdoor space • Minutes to Dartmouth, DHMC, and downtown • Exterior improvements already completed • Room to increase rents and improve returns • Strong, steady rental demand
    Gross Income : $61800
    Net Income: $
  • UNIT 1 INFORMATION

    Beds: 2
    Baths: 1
    Rooms: 4
    Tenant Pays : Electric
    Rent : 1800.00 Monthly
    Lease Term : Annual
    Signed Lease : Yes
    Status : Leased
    UNIT 2 INFORMATION

    Beds: 2
    Baths: 1
    Rooms: 4
    Tenant Pays : Electric
    Rent : 1850.00 Monthly
    Lease Term : Annual
    Signed Lease : Yes
    UNIT 3 INFORMATION

    Beds: 1
    Baths: 1
    Rooms: 3
    Rent : 1500.00 Monthly
    Status : Leased
  • CONSTRUCTION
  • Wood Frame | Vinyl Siding Year Built: 1880
    No. of Floors: 2
    Total Sq.Ft. Finished: 1960
    Above Grade Sq.Ft.: 1960
    Price Per SQ.FT.: $252.55
    Basement: Exterior Access
    Heating: Forced Air | Hot Water
    Cooling: None
    Electric: Circuit Breaker(s)
    Utilities: Cable
    Electric Meters: 4
    Style: Multi-Family
    Roof: Asphalt Shingle
    Water: Public
    Sewer: Public
    Seasonal: No
  • LAND INFORMATION
  • City Lot | Sidewalks | In Town | Near Shopping | Neighborhood | Near Public Transportatn | Near Hospital | Near School(s)
    Lot size: 0.16 acres
    Zoned: R3)
    Surveyed: Unk
    Flood Zone: No
    Driveway: Paved
  • ADDITIONAL INFORMATION
  • Taxes $7,513  | Assesed Value $285,900 in 2024
  • AREA INFORMATION
  • School District: Lebanon Sch District SAU #88
    Elementary School: Hanover Street School
    Middle School: Lebanon Middle School
    High School: Lebanon High School
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