Two-Unit Multifamily with
39 Church Street Lebanon, NH 03766
39 Church Street, Lebanon, NH, 03766
$420,000
For Sale
$420,000
Duplex-style two-unit property with two bedrooms per unit and a one-car garage.
Property Size1,862 SF
Price / SF$225.56
Days on Market40
Property Features for 39 Church Street
General Information
- Standard status
- Active
- Size
- 1,862 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1860
Listing agency
Bhhs Verani Upper Valley
(802) 299-7522
Listed by
Katie Ladue Gilbert
(802) 299-7522
Source
Threehillsres
Added: Jun 12 Updated: Jul 21 at 1:18AM Checked: Jul 21 at 1:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bhhs Verani Upper Valley
Investment Insights
Based on property information with market context.
This two-unit multifamily property offers two bedrooms in each unit, along with a functional layout designed for comfortable day-to-day living. A one-car garage provides additional convenience for tenants or future occupants.
The property is located at 39 Church Street in Lebanon, NH. Public remarks note the area is minutes from Dartmouth-Hitchcock Medical Center, downtown amenities, and I-89.
Both units have separate living spaces, offering rental income potential as-is or flexibility if you later choose to reimagine the home as a single-family layout.
The property is located at 39 Church Street in Lebanon, NH. Public remarks note the area is minutes from Dartmouth-Hitchcock Medical Center, downtown amenities, and I-89.
Both units have separate living spaces, offering rental income potential as-is or flexibility if you later choose to reimagine the home as a single-family layout.
Key Highlights
- Duplex‑style two‑unit multifamily property built in 1860
- 2 bedrooms per unit, each with its own comfortable living space
- Includes a one‑car garage for tenant or owner convenience
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.9k | $15.00 |
| − Vacancy | −$1.5k | −$0.83 |
| EGI | $26.4k | $14.17 |
| − OpEx | −$7.9k | −$4.25 |
| NOI | $18.5k | $9.92 |
1,862 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$263.9K
$231.0K – $307.9K
NOI $18,476 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$241.8K
$211.6K – $282.1K
NOI $16,928 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$409.6K
$358.4K – $477.9K
NOI $28,671 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex-style two-unit property with two bedrooms per unit and a one-car garage.
Where is this duplex located?
The property is located at 39 Church Street Lebanon, NH.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Duplex‑style two‑unit multifamily property built in 1860; 2 bedrooms per unit, each with its own comfortable living space; Includes a one‑car garage for tenant or owner convenience
