Listing courtesy of Samuel Roberts, Beacon Realty Group, LLC 802-526-9243
36-48 Main Street, Lebanon, NH, 03784
14 beds
1890
Apartment Building
6,549 sqft
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
Status:
Active
Type:
Multi-family
Units:
9
Zoning:
CBD
Frontage:
55
Heating:
Propane, Baseboard, Hot Water
Cooling:
Individual
Basement:
No Tenant Access, Partial, Exterior Access
Parking:
Driveway, Off-Site, Parking Spaces 1 - 10, Reserved, Unpaved
Acreage:
0.36
Est. Taxes:
$14,312
Assessment
$544,600
Lot Description:
Major Road Frontage,Rental Complex,Sidewalks,In Town,Near Shopping,Near Public Transportatn,Near School(s)
Elementary School:
Mount Lebanon School
Middle School:
Lebanon Middle School
High School:
Lebanon High School
School District:
Lebanon Sch District SAU #88
MLS #:
5059958