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Granite Northland Associates
Serving Mascoma Lake Area
Call 603-523-7200

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  • $1,350,000 | $206 per sq.ft.
    9  Unit Multi Family Home,
    36-48 Main Street Lebanon NH
    With 3 - One Bedroom Units | 4 - Two Bedroom Units | 2 - Three Bedroom Units
    | MLS# 5059958
  • 5059958 property image 1

  • Listed by Samuel Roberts Beacon Realty Group, LLC on September 5th 2025
    DESCRIPTION
    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
    Appliances : Propane Water Heater

    Occupant Restrictions : No Smoking
    Gross Income : $184200
    Net Income: $
  • UNIT 1 INFORMATION

    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 INFORMATION

    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 INFORMATION

    Beds: 2
    Baths: 1
    Level: 2
    Info : Appliances Included,Heat Included,Hot Water,Electric Range,Refrigerator
    Rent : 1750.00 Monthly
    Status : Leased
    UNIT 4 INFORMATION

    Beds: 2
    Baths: 1
    Level: 1
    Info : Appliances Included,Heat Included,Hot Water,Electric Range,Refrigerator
    Rent : 1750.00 Monthly
    Status : Leased
    UNIT 5 INFORMATION

    Beds: 1
    Baths: 1
    Rooms: 0
    Level: 2
    Info : Appliances Included
    Rent : 1450.00 Monthly
    Signed Lease : Yes
    UNIT 6 INFORMATION

    Beds: 1
    Baths: 1
    Level: 2
    Info : Appliances Included,Heat Included,Hot Water,Electric Range,Refrigerator
    Rent : 1150.00 Monthly
    Signed Lease : Yes
    Status : Leased
    UNIT 7 INFORMATION

    Beds: 3
    Baths: 1
    Level: 3
    Info : Appliances Included,Heat Included,Hot Water,Electric Range,Refrigerator
    Rent : 2000.00 Monthly
    Status : Leased
    UNIT 8 INFORMATION

    Beds: 1
    Baths: 1
    Rooms: 0
    Level: 2
    Info :
    Rent : 1750 Monthly
    Lease Term : Annual
    Signed Lease : Yes
    Status : Leased
  • CONSTRUCTION
  • Wood Frame | Aluminum Siding Exterior Color : Green
    Year Built: 1890
    No. of Floors: 3
    Total Sq.Ft. Finished: 6549
    Above Grade Sq.Ft.: 6549
    Price Per SQ.FT.: $206.14
    Basement: No Tenant Access | Partial | Exterior Access
    Heating: Propane | Baseboard | Hot Water
    Cooling: Individual
    Electric: 200+ Amp Service | Circuit Breaker(s)
    Trash: Dumpster
    Utilities: Propane
    Electric Meters: 9
    Gas_Meters: 1
    Style: Apartment Building
    Roof: Asphalt Shingle
    Water: Public
    Sewer: Public
    Seasonal: No
  • 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
  • ADDITIONAL INFORMATION
  • Docs Available : Deed | Lease Agreements | Property Disclosure | Tax Map
    Taxes $14,312  | Assesed Value $544,600 in 2024
  • AREA INFORMATION
  • School District: Lebanon Sch District SAU #88
    Elementary School: Mount Lebanon School
    Middle School: Lebanon Middle School
    High School: Lebanon High School
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