Listed by BHG Masiello Keene · Ara Cardew · 603-352-5433
Residential Income · Lebanon, NH
16 Railroad Avenue, Lebanon, NH
$775,000
$799,000 · changed Jul 17, 2026
Est. $3,919/mo · 20% down, 30-yr, 6.5% (Owl’s Nest Real Estate estimate, not MLS data)
- Sq Ft
- 2,878
- Built
- 1968
- MLS®
- #5088349
Property Description
Buyers searching Lebanon, New Hampshire will want a look at 16 Railroad Avenue — a multi-family income property asking $775,000. It features 2,878 square feet of living space. Income properties in this market benefit from steady year-round tenant demand plus the seasonal visitor economy. Also on the sheet: a 0.3-acre lot, garage parking for 2 and 1968 construction. Everything below — photos, details, schools and market data — updates live from the MLS.
Investment property, Great income stream from tenants. Fantastic location close to public transportation and local amenities. Plenty of parking for any business.
Location Highlights
16 Railroad Avenue is a residential income in Lebanon, New Hampshire, listed at $775,000. That works out to about $269 per square foot, for a home built in 1968. It has been on the market for 6 months.
From here it is 32 miles to Downtown Plymouth / Main Street and 36.3 miles to Owl's Nest Resort. At this latitude, Lebanon averages roughly 8.4 hours of sun a day in June and 3.6 in December.
Source: zoned school names are PrimeMLS listing data; distances, sun exposure and school facts are Owl’s Nest Real Estate additions (school facts from the NCES, U.S. Department of Education) — not PrimeMLS data.
Property Details
Essentials & finishes
- SqFt
- 2,878
- Price / SqFt
- $269.28
- Property Type
- Residential Income
- Year Built
- 1968
- County
- NH-Grafton
- Town
- Lebanon, NH
- Status
- Active
- Days on Market
- 159
Primary Features
- County
- NH-Grafton
- Property Type
- Residential Income
- Year Built
- 1968
- Zoning
- CBD
Interior Features
- Basement
- Yes
- Basement Access Type
- Walk-up
- Basement Description
- Bulkhead, Basement Stairs
- Cooling
- None
- Electric
- Circuit Breakers
- Heating
- Baseboard
- SqFt-Approximate Finished Above Grade
- 2,878
- SqFt-Approximate Finished Below Grade
- 0
- SqFt Approximate Total Finished
- 2,878
- SqFt Approximate Total
- 4,638
Financial Details
- Taxes TBD
- Unknown
Additional
- Construction Status
- Existing
- Construction
- Timber Frame, Vinyl Siding
- Covenants
- Unknown
- Flood Zone
- No
- Pre-Construction
- No
- Seasonal
- No
- Total Stories
- Two
- Surveyed
- Unknown
External Features
- Driveway
- Paved
- Foundation
- Concrete
- Garage
- Yes
- Garage Capacity
- 2
- Lot Features
- City Lot, Neighbor Business, Near Shopping, Near Public Transit, Near Railroad
- Lot - Acres
- 0.3
- Lot - SqFt
- 13,068
- Parking
- Off Street, On Site
- Road Frontage Type
- Public Maintained Road, Public
- Road Frontage
- No
- Roof
- Shingle
- Sewer
- Public
- Utilities
- Cable Available
- Water Source
- Public
MLS®: PrimeMLS #5088349; Listed by BHG Masiello Keene · Ara Cardew · 603-352-5433
Property History
Estimated annual taxes for this property
- 2024
- $13,175
- 2023
- $12,846
- 2022
- $12,516
Source: Owl’s Nest Real Estate estimate from the list price at New Hampshire’s average effective tax rate — not PrimeMLS or town assessor data. Verify with the town assessor.
Market Data
Live snapshot computed by Owl’s Nest Real Estate from PrimeMLS IDX active listings in this town
- Active listings in Lebanon
- 55
- Average list price
- $761,983
- Price range
- $349,900 – $2,900,000
Mortgage Calculator
Estimate your monthly payment for this home
Estimated Monthly Payment
$5,178/ mo
- Principal & Interest
- $3,919
- Property Tax
- $1,098
- Home Insurance
- $161
Source: Owl’s Nest Real Estate estimate, not PrimeMLS data. Estimates use typical New Hampshire costs — a 1.7% effective property-tax rate, insurance at 0.25% of home value/yr, and PMI below 20% down. Actual town tax rates vary; verify with your lender and the town assessor.
Around This Property
Schools, everyday places and nearby destinations near 16 Railroad Avenue, Lebanon, NH
Source: Google Maps Platform (Places) and Owl’s Nest Real Estate — not PrimeMLS data.
Questions About This Listing
How big is 16 Railroad Avenue?
16 Railroad Avenue in Lebanon, NH has 2,878 square feet of finished living space.
What is the asking price of 16 Railroad Avenue?
16 Railroad Avenue in Lebanon, NH is listed for $775,000 on PrimeMLS.
That is about $269 per square foot of finished living space.
It came on the market on May 12, 2026.
Is there a basement at 16 Railroad Avenue?
Yes. 16 Railroad Avenue in Lebanon, NH has a basement with walk-up access.
The MLS describes it as bulkhead and basement stairs.
Does 16 Railroad Avenue have a garage?
16 Railroad Avenue in Lebanon, NH has a 2-car garage and a paved driveway.
Parking details: off street and on site.
Is 16 Railroad Avenue still available?
Yes. 16 Railroad Avenue in Lebanon, NH is listed as Active on PrimeMLS (MLS #5088349).
Status can change quickly; contact us to confirm availability before you visit.
Who is the listing agent for 16 Railroad Avenue?
16 Railroad Avenue in Lebanon, NH is listed by Ara Cardew of BHG Masiello Keene (603-352-5433).
Owl's Nest Real Estate shows it through the PrimeMLS IDX feed; we are not the listing brokerage.
What kind of property is 16 Railroad Avenue?
16 Railroad Avenue in Lebanon, NH is a multi-family income property built in 1968.
The MLS lists its style as Multi-Family, with two stories.
Where is 16 Railroad Avenue located?
16 Railroad Avenue is in Lebanon, New Hampshire 03784, in Grafton County.
Location notes from the MLS: near shopping, near public transit and near railroad.
How much land comes with 16 Railroad Avenue?
16 Railroad Avenue in Lebanon, NH sits on 0.3 acres, per the MLS.
The lot is described as city lot and neighbor business.
Zoning: CBD.
The MLS lists it as outside a flood zone.
How is 16 Railroad Avenue heated?
16 Railroad Avenue in Lebanon, NH is heated by baseboard, per the MLS.
The MLS lists no cooling system.
Does 16 Railroad Avenue have town water and sewer?
16 Railroad Avenue in Lebanon, NH has public water and public sewer, per the MLS.
MLS details — water: public; sewer: public.
Electric: circuit breakers.
Other utilities: cable available.
How does the price of 16 Railroad Avenue compare with other Lebanon listings?
At $775,000, 16 Railroad Avenue in Lebanon, NH is priced close to the $775,000 median asking price of the 7 multi-family properties for sale in Lebanon on PrimeMLS as of November 3, 2026 (this listing included).
That figure is Owl's Nest Real Estate's analysis of active listings, and asking prices are not sale prices — ask us for recent comparable sales before you make an offer.
How do I schedule a showing of 16 Railroad Avenue?
To see 16 Railroad Avenue in Lebanon, NH, use Request a Showing on this page or call Owl's Nest Real Estate at 401-648-5308.
We can show any MLS-listed home and represent you as your buyer's agent; the listing brokerage represents the seller.
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NOTE: This representation is based in whole or in part on data generated by PrimeMLS, Inc., which assumes no responsibility for its accuracy. The data relating to real estate displayed on this site comes in part from the IDX Program of PrimeMLS.
This listing data is intended for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/03/26.