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$1,350,000

  • For Sale
  • Active
  • Multi-Family
  • 9 Units
  • 0.36 Acres
  • Updated 2 days ago
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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

Full Property Details for 36-48 Main St

General

  • Price: $1,350,000
  • Taxes: $14,312 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: PrimeMLS
  • MLS ID: 5059958
  • Updated: 1/15/2026
  • Added to Site: 135 day(s) ago

Rental Information

  • Lease Terms: Unit1=Annual, Unit2=Annual, Unit3=Annual, Unit4=Annual, Unit5=Annual, Unit6=Annual, Unit7=Annual, Unit8=Annual,

Interior

  • Flooring: Carpet, Laminate, Vinyl

Exterior

  • Exterior Features: Porch, Storage
  • Color: Green

Parking

  • Parking: Driveway, Off-Site, Parking Spaces 1 - 10, Reserved, Unpaved

Location

  • County: Grafton
  • Condo Project Name: Monthly
  • Driving 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.

School Information

  • School District: Lebanon Sch District SAU #88
  • Elementary School: Mount Lebanon School
  • Middle School: Lebanon Middle School
  • High School: Lebanon High School

Heating & Cooling

  • Cooling Type: Individual
  • Heating Type: Propane, Baseboard, Hot Water
  • Furnaces: 1
  • Water Heaters: 1

Utilities

  • Sewer: Public
  • Trash: Dumpster
  • Separate Meters: Yes
  • # Gas Meters: 1
  • # Electric Meters: 9

Structural Information

  • Construction Status: Existing
  • Basement: Yes
  • Basement Entrance: Interior
  • Basement Desc.: Exterior Access, No Tenant Access, Partial
  • Roof: Asphalt Shingles
  • Stories/Levels: 3
  • Finished Total: 6,549 Sq. Ft.
  • Finished Above Grnd: 6,549 Sq. Ft.
  • Year Built: 1890

Unit Information

  • 1 Bedroom Units: 3
  • 2 Bedroom Units: 4
  • 3 Bedroom Units: 2
  • Units w/Refrigerators: 9
  • Units w/Range/Oven: 9

Unit 1

  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Level: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 5

  • Includes/Amenities: Appliances Included
  • Bedrooms: 1

Unit 6

  • Bedrooms: 1

Unit 7

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 8

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.36
  • Lot Size (Sq. Ft.): 15,682
  • Frontage: Yes Road Frontage
  • Frontage Feet: 55
  • Driveway/Sidewalk: Dirt
  • Zoning: CBD

Financial Considerations

  • Price Per Sq. Ft.: $206.14
  • Assessment Year: 2024
  • Assessment Amount: $544,600
  • Tax Amount: $14,312
  • Tax Year: 2025

Disclosures and Reports

  • Documents Avail.: Deed, Lease Agreements, Property Disclosure, Tax Map
  • Restrictions: No Smoking
  • Block: 81

Listed by Beacon Realty Group, LLC, Samuel B Roberts

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Listed by Beacon Realty Group, LLC, Samuel B Roberts

Listing agent

— 36-48 Main St —

  • Samuel B Roberts

    Beacon Realty Group, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 36-48 Main St

School District:Lebanon School District
NameGradesDistance
Lebanon Middle School
3 Moulton Avenue, Lebanon, NH 03766
7-84.1 mi
Lebanon High School
195 Hanover Street, Lebanon, NH 03766
9-123 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 36-48 Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/05/2025
Listed
$1,350,000
462.5%
MLS
1/14/2021
Sold
$240,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 36-48 Main St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,195
8%
$273,800
—
2023
$6,648
5%
$273,800
—
2022
$6,308
33%
$273,800
56%
2021
$4,746
11%
$175,900
25%
2019
$4,273
2%
$140,700
—
2018
$4,182
2%
$140,700
—
2017
$4,092
3%
$140,700
—
2016
$3,958
2%
$140,700
—
2015
$3,885
4%
$140,700
-1%
2014
$3,722
-7%
$141,700
-10%
2013
$4,005
—
$157,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 36-48 Main St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Beacon Realty Group, LLC, Samuel B Roberts

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36-48 Main Street, Lebanon, NH 03784 (MLS# 5059958) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 36-48 Main Street is currently listed for $1,350,000 and was received on September 05, 2025. Want to learn more about 36-48 Main Street? Do you have questions about finding other Multi-Family real estate for sale in Lebanon? You can browse all Lebanon real estate or contact a Coldwell Banker agent to request more information.

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