$1,350,000

36-48 S Main St Lebanon, NH 03784

Estimated payment $8,492/month

Total Views 2,764
14 Beds
8 Baths
6,549 Sq Ft
$206 Price per Sq Ft

Highlights

  • Outdoor Storage
  • Baseboard Heating
  • Carpet
  • Lebanon Middle School Rated A-

About This Home

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

Listing Agent

Samuel Roberts

License #077887 Listed on: 09/05/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $14,312

Year Built

  • Built in 1890

Home Design

  • Wood Frame Construction
  • Aluminum Siding

Interior Spaces

  • Property has 3 Levels
  • Basement
  • Interior Basement Entry

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Parking

  • Dirt Driveway
  • Unpaved Parking
  • Off-Site Parking
  • Reserved Parking
  • 1 to 5 Parking Spaces

Schools

  • Mount Lebanon Elementary School
  • Lebanon Middle School
  • Lebanon High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Separate Meters

Additional Features

  • Outdoor Storage
  • 0.36 Acre Lot

Listing and Financial Details

  • Tax Block 81
  • Assessor Parcel Number 72

Community Details

Overview

  • 9 Units

Building Details

  • 9 Leased Units
  • Gross Income $184,200
  • Net Operating Income $140,200

Property Details

Home Type

Apartment

Est. Annual Taxes

$14,312

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Directions: located in Downtown West Lebanon, when on Main St headed north turn right before the Salon, if headed South on Main St. turn left after Salon. See parking in rear. Use GPS for most accurate directions.
  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1890
  • Display On Internet: High Speed Intrnt Avail
  • Architectural Style: Apartment Building
  • ResoLotFeatures: Major Road Frontage, Rental Complex, Sidewalks, In Town, Near Shopping, Near Public Transit, Near School(s)
  • Road Frontage Type: Public Maintained Road
  • MLS Status: (10) Active - Active
  • Above Grade Finished Sq Ft: 6549.0
  • Unit Levels: 3
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • Water_Body_Access: No
  • Water_View: No
  • Basement_Access_Type: Interior
  • Separate_Utilities: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Propane Water Heater
  • Total Bedrooms: 14
  • Flooring: Carpet, Laminate, Vinyl
  • Basement: No Tenant Access, Partial, Exterior Entry
  • Basement YN: Yes

Exterior Features

  • Driveway: Dirt
  • Exterior Features: Porch, Storage
  • Roof: Asphalt Shingle
  • Easements: Unknown
  • Construction Type: Wood Frame, Aluminum Siding
  • Waterfront: No
  • Foundation Details: Fieldstone

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Off Site, Parking Spaces 1 - 10, Reserved, Unpaved

Utilities

  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Propane, Baseboard, Hot Water
  • Cooling: Individual
  • Trash: Dumpster
  • Utilities: Propane
  • Water Source: Public

Condo/Co-op/Association

  • Restrictions: No Smoking

Schools

  • Elementary School: Mount Lebanon School
  • High School: Lebanon High School
  • Middle Or Junior School: Lebanon Middle School

Lot Info

  • Surveyed: Unknown
  • Zoning: CBD
  • Lot Size Acres: 0.36
  • Lot Size Sq Ft: 15682.0

Multi Family

  • Gross Income: 184200.0
  • Number Of Units Total: 9
  • Net Operating Income: 140200.0
  • Number Of Units Leased: 9
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 14312.0
  • Tax Block: 81
  • Tax Lot: 0
  • Tax Map Number: 72

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 For Sale $1,350,000 -- $206 / Sq Ft
Source: PrimeMLS

Source: PrimeMLS

MLS Number: 5059958

PrimeMLS
New Hampshire Grafton County Lebanon 03784

36-48 S Main St, Lebanon, NH

This home is located at 36-48 S Main St, Lebanon, NH 03784 and is currently priced at $1,350,000, approximately $206 per square foot. This property was built in 1890. 36-48 S Main St is a home located in Grafton County with nearby schools including Mt. Lebanon School, Lebanon Middle School, and Lebanon High School.

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Listing Agent
Samuel Roberts
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(603) 727-8029