List Price: $1,295,000 | $281 per sq.ft. Multi Family A 7 Unit Multi Family Home
With 5 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units
Listed Thursday Apr 17, 2025 | MLS# 5036701
With 5 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units
Listed Thursday Apr 17, 2025 | MLS# 5036701
127 Hanover Street Lebanon NH
Listed by Gerry Stark RE/MAX Upper Valley
Listed by Gerry Stark RE/MAX Upper Valley
7 unit apartment building with long term tenants in place. Most leases have been renewed, rents shown are new rents. Current Owners have maintained this building extremely well. Majority of the heating systems are up to date, metal roof, vinyl siding, newer bathrooms, nice kitchens. newer windows. Potential to rent out storage space in the large garage in the back for extra income. Lots of tenant parking in the rear of the property. Heat is included in 6 of the units, however, each unit has a separate meter. Lots of hidden potential to increase profitability of this property. Walking distance on sidewalks to the bus route make this an easy property to rent. 5 one bedroom units 2 two bedroom units, some are oversized. Rents shown are for renewed leases starting on 6/1/25 see income statement.
Operating Expenses : Heat,Insurance,Maintenance,Other,Snow Removal,Trash,Utilities,Water/Sewer
Annual Expenses
Taxes: $12,564
Taxes: $12,564
Income
Gross Income | $132,000
NetIncome | $94,336
Gross Income | $132,000
NetIncome | $94,336
Appliances : Water Heater – Gas | Water Heater – Owned | Water Heater – Separate
Construction: Wood Frame
Year Built: 1900
Style: Multi-Family
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 4727
Above Grade Sq.Ft.: 3665
Below Grade Sq.Ft.: 942
Basement: Concrete
Foundation: Concrete | Stone
Year Built: 1900
Style: Multi-Family
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 4727
Above Grade Sq.Ft.: 3665
Below Grade Sq.Ft.: 942
Basement: Concrete
Foundation: Concrete | Stone
Exterior Color: Gray
Roof: Metal
Garage And Parking: Off Street
Seasonal: No
Roof: Metal
Garage And Parking: Off Street
Seasonal: No
Heating: Propane
Cooling: None
Electric: Circuit Breaker(s)
Trash: Dumpster
Utilities: Cable
Electric Meters: 7
Gas_Meters: 7
Water: Public
Sewer: Public
Cooling: None
Electric: Circuit Breaker(s)
Trash: Dumpster
Utilities: Cable
Electric Meters: 7
Gas_Meters: 7
Water: Public
Sewer: Public
Land Information
City Lot | Sidewalks | In Town | Near Public Transportatn
Lot size: 0.95 acres
Zoned: R3)
Surveyed: Unk
Flood Zone: Unknown
Driveway: Gravel | Paved
City Lot | Sidewalks | In Town | Near Public Transportatn
Lot size: 0.95 acres
Zoned: R3)
Surveyed: Unk
Flood Zone: Unknown
Driveway: Gravel | Paved
Easement - Unknown
Block - 0
Taxes $12,564
Assesed Value Not Reported
Schools
School District: Lebanon School District
Elementary School: Hanover Street School
Middle School: Lebanon Middle School
High School: Lebanon High School
School District: Lebanon School District
Elementary School: Hanover Street School
Middle School: Lebanon Middle School
High School: Lebanon High School
PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion
of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the
nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to
consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM