Three-Unit Multifamily
7 Light Street Lebanon, NH 03766
7 Light Street, Lebanon, NH, 03766
$537,000
For Sale
$537,000
Well-maintained three-unit multifamily property with one-level living in each unit and porches.
Property Size2,592 SF
Price / SF$207.18
Days on Market135
Property Features for 7 Light Street
General Information
- Standard status
- Active
- Size
- 2,592 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing agency
BHHS Verani Upper Valley
(802) 233-5088
Listed by
Heather Ashline
(802) 233-5088
Source
Compass
Added: Mar 10 Updated: Jul 21 at 7:18PM Checked: Jul 21 at 7:18PM
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.
Welcome to 7 Light Street, a well-maintained three-unit multifamily property in Lebanon. The building offers one-level living in each unit, providing straightforward layouts for everyday use. Residents can also enjoy outdoor space from the porches, with scenic views mentioned as part of the experience.
The property is located close to downtown Lebanon, shopping, dining, and public transportation. It also provides easy access to Dartmouth College and Dartmouth-Hitchcock Medical Center, supporting a convenient Upper Valley location.
As a residential income asset, this three-unit setup is designed for tenants who prefer single-floor living within their respective units.
The property is located close to downtown Lebanon, shopping, dining, and public transportation. It also provides easy access to Dartmouth College and Dartmouth-Hitchcock Medical Center, supporting a convenient Upper Valley location.
As a residential income asset, this three-unit setup is designed for tenants who prefer single-floor living within their respective units.
Key Highlights
- Well‑maintained 3‑unit multifamily property with one‑level living in each unit
- Each unit includes porches, with scenic views mentioned from units
- Property built in 1920 with shingle roof and shingle/wood siding
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 | $38.9k | $15.00 |
| − Vacancy | −$2.1k | −$0.83 |
| EGI | $36.7k | $14.17 |
| − OpEx | −$11.0k | −$4.25 |
| NOI | $25.7k | $9.92 |
2,592 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$367.4K
$321.5K – $428.7K
NOI $25,719 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$336.6K
$294.6K – $392.8K
NOI $23,565 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$570.2K
$498.9K – $665.2K
NOI $39,911 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-unit multifamily property with one-level living in each unit and porches.
Where is this triplex located?
The property is located at 7 Light Street Lebanon, NH.
What is the asking price?
The asking price for this property is $537,000.
What are key features of this property?
This property features: Well‑maintained 3‑unit multifamily property with one‑level living in each unit; Each unit includes porches, with scenic views mentioned from units; Property built in 1920 with shingle roof and shingle/wood siding
