Building Details

Year Built 1860

Listing Agency: Coldwell Banker LIFESTYLES - Hanover

Listed By: Amy Redpath Show Phone

Source: Langelange

Added: Aug 30 Changed: Oct 6 Last Checked: Oct 7 at 3:24PM

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Investment Insights

Based on property information with market context.

Built in 1860, this duplex contains two distinct living areas within a 1,941-square-foot property in downtown Lebanon. The primary residence includes three bedrooms and two bathrooms and requires rehabilitation, providing an opportunity to update the space to a new owner's specifications.

A separate lower-level apartment adds two bedrooms and one full bathroom. The layout accommodates a range of ownership approaches, including occupying one unit while renting the other or operating the property as a two-unit rental. Its location at 7 South St places the property in downtown Lebanon, New Hampshire.

Key Highlights

• Two‑unit duplex in downtown Lebanon
• 1,941‑square‑foot property built in 1860
• Main residence includes 3 bedrooms and 2 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,260

Cap Rate

5.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$385,200 $385.2K

Cap Rate 7%

$275,143 $275.1K

Cap Rate 9%

$214,000 $214.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,941 SF

Gross rent

$29.1K $15.00/SF

− Vacancy

−$1.6K −$0.83/SF

EGI

$27.5K $14.17/SF

− OpEx

−$8.3K −$4.25/SF

NOI

$19.3K $9.92/SF

Area

Grafton County, NH

Vacancy

5.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$385,200

Cap Rate 7%

$275,143

Cap Rate 9%

$214,000

Alternative Uses

Best Use

Multifamily LT 5

$275.1K

$240.8K – $321.0K (±1% cap)

NOI $19,260 @ 7.0% cap · market cap 5.68%

Second Best

Apartment 5plus

$252.1K

$220.6K – $294.1K (±1% cap)

NOI $17,647 @ 7.0% cap · market cap 5.21%

Theoretical Best

Office A

$427.0K

$373.6K – $498.1K (±1% cap)

NOI $29,887 @ 7.0% cap · market cap 8.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Pharmacy Locksmith Barber Shop Carpet & Flooring Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

606

Businesses Nearby

Explore this area Business Placement

Demographics for 03766, NH

9,838

Population

5,346

Households

1.8

Avg Household Size

39

Median Age

55%

College-Educated

95%

High-School Grad

32.0 sq mi

ZIP Area

307

Density / Sq Mi

$96,642

Median Household Income

$53,441

Median Earnings

$1,860

Median Rent

$348,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Separate living areas offer a flexible configuration for an owner-occupant or rental strategy.

Where is this duplex located?

The property is located at 7 South St Lebanon, NH.

What is the asking price?

The asking price for this property is $339,000.

What are key features of this property?

This property features: Two‑unit duplex in downtown Lebanon; 1,941‑square‑foot property built in 1860; Main residence includes 3 bedrooms and 2 bathrooms