Listed by Equity Group Real Estate Broker Inc. · James Ward · 603-448-8000
Residential Income · Lebanon, NH
240 Meriden Road, Lebanon, NH
$1,600,000
Est. $8,090/mo · 20% down, 30-yr, 6.5% (Owl’s Nest Real Estate estimate, not MLS data)
- Sq Ft
- 10,660
- Built
- 1950
- MLS®
- #5102768
Property Description
Buyers searching Lebanon, New Hampshire will want a look at 240 Meriden Road — a multi-family income property asking $1,600,000. It features 10,660 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 7-acre lot, 1950 construction and roughly $150 per square foot. Everything below — photos, details, schools and market data — updates live from the MLS.
Former Keene Medical Complex Mixed Use, 3 Buildings, 1200 Road Frontage, 7 acres. Corporate headquarters or prime income investment property.(projected cap 10.5%- 12%) 3 buildings with Offices, display and retail showroom, service and repair area, receiving and storage. Additional land with extensive road frontage. Easy potential subdivision for house lots. Potential to subdivide or condo the commercial buildings. On 7 acres, frontage at road grade. Main building - 2 levels. Ground level 3700 sf. office and product display. Good street visibility. 3700 SF lower walk out. Mostly finished. Used for Storage and repair. Post and beam 4800 2 story barn with drive through. Good road visibility. Corner lot location. Repair/storage building 2160 sf. Multiple uses under flexible grandfather use rights. 734 feet on Rt. 120. 300 feet on Storrs Hill Rd. Ample paved parking area. Natural area backs up to Great Brook. No wetlands observed, No flood plain per town map. 2 miles south of center of town. R3 zone. All building in excellent condition and updated.
Location Highlights
240 Meriden Road is a residential income in Lebanon, New Hampshire, listed at $1,600,000. That works out to about $150 per square foot, for a home built in 1950. It has been on the market for 3 months.
From here it is 28.6 miles to Downtown Plymouth / Main Street and 33.6 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
- 10,660
- Price / SqFt
- $150.09
- Property Type
- Residential Income
- Year Built
- 1950
- County
- NH-Grafton
- Town
- Lebanon, NH
- Status
- Active
- Days on Market
- 81
Primary Features
- County
- NH-Grafton
- Property Type
- Residential Income
- Year Built
- 1950
- Zoning
- Comm by grandfather rgts
Interior Features
- Basement
- Yes
- Basement Access Type
- Walkout
- Basement Description
- Climate Controlled, Concrete, Concrete Floor, Exterior Entry, Basement Stairs
- Cooling
- Central Air, None
- Electric
- 220 Volts, Circuit Breakers
- Heating
- Baseboard, Direct Vent, Heat Pump, None
- SqFt-Approximate Finished Above Grade
- 10,660
- SqFt-Approximate Finished Below Grade
- 1,260
- SqFt Approximate Total Finished
- 11,920
- SqFt Approximate Total
- 12,420
Financial Details
- Tax - Gross Amount
- $24,065
- Tax Year
- 2026
- Taxes TBD
- No
Additional
- Construction Status
- Existing
- Construction
- Masonry, Vinyl Siding, Wood Exterior
- Covenants
- No
- Easements
- No
- Flood Zone
- No
- Pre-Construction
- No
- Seasonal
- No
- Total Stories
- One
- Surveyed
- Unknown
External Features
- Color
- varies
- Driveway
- Paved
- Foundation
- Concrete, Concrete Slab
- Garage
- No
- Lot Features
- Alternative Lots Avail, Corner Lot, Country Setting, Landscaped, Level, Major Road Frontage, In Town
- Lot - Acres
- 7
- Lot - SqFt
- 304,920
- Road Frontage Type
- Paved, Public Maintained Road
- Road Frontage
- Yes
- Road Frontage Length
- 1034
- Roof
- Membrane, Metal
- Sewer
- Septic Tank
- Utilities
- Cable Available, Propane
- Water Source
- Public Water On-Site
- Water Body Type
- River
MLS®: PrimeMLS #5102768; Listed by Equity Group Real Estate Broker Inc. · James Ward · 603-448-8000
Property History
Estimated annual taxes for this property
- 2024
- $27,200
- 2023
- $26,520
- 2022
- $25,840
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
$10,690/ mo
- Principal & Interest
- $8,090
- Property Tax
- $2,267
- Home Insurance
- $333
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 240 Meriden Road, Lebanon, NH
Source: Google Maps Platform (Places) and Owl’s Nest Real Estate — not PrimeMLS data.
Questions About This Listing
How big is 240 Meriden Road?
240 Meriden Road in Lebanon, NH has 10,660 square feet of finished living space.
Counting 1,260 finished square feet below grade, the MLS lists 11,920 finished square feet in total.
What is the asking price of 240 Meriden Road?
240 Meriden Road in Lebanon, NH is listed for $1,600,000 on PrimeMLS.
That is about $150 per square foot of finished living space.
It came on the market on July 31, 2026.
Is 240 Meriden Road still available?
Yes. 240 Meriden Road in Lebanon, NH is listed as Active on PrimeMLS (MLS #5102768).
Status can change quickly; contact us to confirm availability before you visit.
Who is the listing agent for 240 Meriden Road?
240 Meriden Road in Lebanon, NH is listed by James Ward of Equity Group Real Estate Broker Inc. (603-448-8000).
Owl's Nest Real Estate shows it through the PrimeMLS IDX feed; we are not the listing brokerage.
What kind of property is 240 Meriden Road?
240 Meriden Road in Lebanon, NH is a multi-family income property built in 1950.
The MLS lists its style as Freestanding, Other, with one story.
Where is 240 Meriden Road located?
240 Meriden Road is in Lebanon, New Hampshire 03766, in Grafton County.
Location notes from the MLS: in town.
How much land comes with 240 Meriden Road?
240 Meriden Road in Lebanon, NH sits on 7 acres, per the MLS.
The lot is described as alternative lots avail, corner lot, country setting, landscaped, level and major road frontage.
It has 1,034 feet of road frontage (paved and public maintained road).
Zoning: Comm by grandfather rgts.
The MLS lists it as outside a flood zone.
How much are the property taxes on 240 Meriden Road?
Annual property taxes on 240 Meriden Road in Lebanon, NH are $24,065 for the 2026 tax year, per the MLS.
New Hampshire towns set their own tax rates and revalue periodically, so confirm the current bill with the Lebanon assessing office.
How is 240 Meriden Road heated?
240 Meriden Road in Lebanon, NH is heated by baseboard, direct vent and heat pump, per the MLS.
Cooling: central air.
Does 240 Meriden Road have town water and sewer?
240 Meriden Road in Lebanon, NH has public water and a private septic system, per the MLS.
MLS details — water: public water on-site; sewer: septic tank.
Electric: 220 volts and circuit breakers.
Other utilities: cable available and propane.
Plan a water test and septic inspection during your inspection period.
Is there a basement at 240 Meriden Road?
Yes. 240 Meriden Road in Lebanon, NH has a basement with walkout access, including 1,260 finished square feet.
The MLS describes it as climate controlled, concrete, concrete floor, exterior entry and basement stairs.
Does 240 Meriden Road have a garage?
The MLS lists no garage at 240 Meriden Road in Lebanon, NH; parking is off a paved driveway.
Is 240 Meriden Road on the water?
Yes. The MLS lists 240 Meriden Road in Lebanon, NH as a waterfront property on a river.
Confirm frontage, shoreland rules and any dock or beach rights during due diligence.
How does the price of 240 Meriden Road compare with other Lebanon listings?
At $1,600,000, 240 Meriden Road in Lebanon, NH is priced above 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 240 Meriden Road?
To see 240 Meriden Road 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.