36-48 S Main St

Lebanon, NH 03784

$1,350,000
Price
14
Beds
8
Baths
6,549 Sq. Ft.
$206 / Sq. Ft.
6,549
Sq. Ft.
$206
per Sq. Ft.

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,...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
  1. Listed by Samuel Roberts • Beacon Realty Group, LLC

Property Details for 36-48 South Main Street

Water View
No
Waterfront Property
No
Zoning
CBD
LISTING UPDATED: 09/05/2025 08:40 PM

Property Details for 36-48 South Main Street

StatusActive
MLS #5059958
Days on Market116
Taxes$14,312 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1890
Lot Size0.36 AC / 15,681 SF
CountyGrafton County

Location

Listing Courtesy of Beacon Realty Group, LLC
Add your commute

Building Information for 36-48 South Main Street

Stories3Residences9Year Built1890Building Size-Lot Size0.36 AC / 15,681 SF

Payment Calculator

$7,863 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,671

Property Taxes

$1,193

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 36-48 South Main Street

Summary
Location and General Information
  • City: Lebanon
  • County: NH-Grafton
  • 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.
  • Latitude: 43.646623000001000
  • Longitude: -72.309686999999997
  • Road Frontage: Yes
  • Seasonal: No
  • State: NH
  • Street Designation: Street
  • Map: 72
  • Zip Code: 03784
Taxes and HOA Information
  • Tax Year: 2025
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Dirt
Virtual Tour
Property
Lot Information
  • Block: 81
  • Lot: 0
  • Lot Features: Major Road Frontage, Rental Complex, Sidewalks, In Town, Near Shopping, Near Public Transportatn, Near School(s)
  • Lot Size Acres: 0.36
  • Road Frontage Length: 55.0
  • Water Body Access: No
Property and Assessments
  • Assessment Amount: $544,600
  • Assessment Year: 2024
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Easements: Unknown
  • Flood Zone: No
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1890
Utilities
  • Electric Company: Liberty
  • Fuel Company: Dead River
  • Electric: 200+ Amp Service, Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Propane
  • Total Gas Meters: 1
  • Total Electric Meters: 9
  • Separate Utilities: Yes
  • Internet: High Speed Intrnt Avail
Interior and Exterior Features
Exterior Features
  • Color: Green
  • Construction Materials: Wood Frame, Aluminum Siding
  • Roof: Asphalt Shingle
  • Total Ranges: 9
Interior Features
  • Appliances: Propane Water Heater
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: No Tenant Access, Partial, Exterior Access
  • Flooring: Carpet, Laminate, Vinyl
  • Heating: Propane, Baseboard, Hot Water
  • Cooling: Individual
  • Total Refrigerators: 9
  • Total Stories: 3
  • Total Water Heaters: 1
  • Trash: Dumpster
Multi Family
Income & Expenses Information
  • Gross Income: $184,200.00
  • Net Income: $140,200.00
  • Operating Expense Incl: Heat, Insurance, Maintenance, Professional Management, Snow Removal, Trash, Utilities, Water
  • Operating Expense: $30,000
Multi-Family Information
  • Total Units: 9
  • Total 1 BR Units: 3
  • Total 2 BR Units: 4
  • Total 3+ BR Units: 2
  • Total Heat Units: 1
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Lease Term: Annual
  • Unit 1 Level Number: 1
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Rental Amount: $1,750.00
  • Unit 1 Tenant Pays: Electric, Internet Service
  • Unit 1 Info: Appliances Included, Heat Included, Hot Water, Electric Range, Refrigerator
Unit 2
  • Unit 2 Lease Term: Annual
  • Unit 2 Baths: 1
  • Unit 2 Status: Vacant
  • Unit 2 Level Number: 1
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 2
  • Unit 2 Rental Amount: $1,750.00
  • Unit 2 Info: Appliances Included, Heat Included, Hot Water, Electric Range, Refrigerator
  • Unit 2 Tenant Pays: Electric, Internet Service
Unit 3
  • Unit 3 Lease Term: Annual
  • Unit 3 Baths: 1
  • Unit 3 Level Number: 2
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Bedrooms: 2
  • Unit 3 Rental Amount: $1,750.00
  • Unit 3 Info: Appliances Included, Heat Included, Hot Water, Electric Range, Refrigerator
  • Unit 3 Tenant Pays: Electric, Internet Service
Unit 4
  • Unit 4 Lease Term: Annual
  • Unit 4 Level Number: 1
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Status: Leased
  • Unit 4 Rental Amount: $1,750.00
  • Unit 4 Info: Appliances Included, Heat Included, Hot Water, Electric Range, Refrigerator
  • Unit 4 Tenant Pays: Electric, Internet Service
Unit 5
  • Unit 5 Rental Agreement: Yes
  • Unit 5 Level Number: 2
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Status: Leased
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Lease Term: Annual
  • Unit 5 Rental Amount: $1,450.00
  • Unit 5 Info: Appliances Included
  • Unit 5 Tenant Pays: Electric, Internet Service
Unit 6
  • Unit 6 Rental Agreement: Yes
  • Unit 6 Lease Term: Annual
  • Unit 6 Level Number: 2
  • Unit 6 Baths: 1
  • Unit 6 Bedrooms: 1
  • Unit 6 Rental Amt Freq: Monthly
  • Unit 6 Status: Leased
  • Unit 6 Rental Amount: $1,150.00
  • Unit 6 Info: Appliances Included, Heat Included, Hot Water, Electric Range, Refrigerator
  • Unit 6 Tenant Pays: Electric, Internet Service
Unit 7
  • Unit 7 Bedrooms: 3
  • Unit 7 Baths: 1
  • Unit 7 Rental Agreement: Yes
  • Unit 7 Lease Term: Annual
  • Unit 7 Level Number: 3
  • Unit 7 Rental Amt Freq: Monthly
  • Unit 7 Status: Leased
  • Unit 7 Rental Amount: $2,000.00
  • Unit 7 Info: Appliances Included, Heat Included, Hot Water, Electric Range, Refrigerator
  • Unit 7 Tenant Pays: Electric, Internet Service
Unit 8
  • Unit 8 Baths: 1
  • Unit 8 Rental Amount: $1,750.00
  • Unit 8 Rental Agreement: Yes
  • Unit 8 Lease Term: Annual
  • Unit 8 Level Number: 2
  • Unit 8 Rental Amt Freq: Monthly
  • Unit 8 Status: Leased
  • Unit 8 Bedrooms: 1
  • Unit 8 Info: Appliances Included, Heat Included, Hot Water, Electric Range, Refrigerator
  • Unit 8 Tenant Pays: Electric, Internet Service
Rental
Rent Information
  • Total Leases: 9

Property History for 36-48 South Main Street

DateEvent & SourcePriceAppreciation
Sep 5, 2025

Listed (Active)

New England Real Estate Network #5059958

$1,350,000—
DateEvent & SourcePrice
09/05/2025

Listed (Active)

New England Real Estate Network #5059958

$1,350,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 36-48 South Main Street

This home is within Lebanon School District.
Rating
School
Type
Grades
Distance
Mt. Lebanon School
Public - PK to 4
Lebanon Middle School
Public - 5 to 8
Lebanon High School
Public - 9 to 12
Sacred Heart Public School
Public - K to 2
Rating
School
Distance
Mt. Lebanon School
PublicPK to 4

Lebanon Middle School
Public5 to 8

Lebanon High School
Public9 to 12

Sacred Heart Public School
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 36-48 South Main Street, Lebanon, NH 03784

36-48 South Main Street is a multi-family home for sale in Lebanon, NH 03784. This property was listed for sale on September 5, 2025 by Beacon Realty Group, LLC, it's currently listed at $1,350,000. This listing's school district is Lebanon School District. Nearby schools include Mt. Lebanon School, Lebanon Middle School and Lebanon High School. 36-48 South Main Street is a 14-bed, 8-bath, 6,549 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Beacon Realty Group, LLC

Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/30/2025 09:25 PM