Excellent investment opportunity with potential for a third unit. This well-located two-family property sits just off the Lebanon Green and Colburn Park, with immediate access to downtown Lebanon’s restaurants, shops, Lebanon Opera House, public library, farmers markets, and community events. The first-floor unit offers 3 bedrooms, 1 full bath, living room, kitchen, and laundry room, with the laundry room also providing additional storage. The second-floor apartment features 2 bedrooms, 1 full bath, living room, kitchen, and its own laundry room. An attached barn at the rear of the property is currently used for storage and offers potential for additional living space. Preliminary plans for a possible third unit are available for review, providing an opportunity to add value and future rental income, subject to approvals. Prime location, flexible layout, and expansion potential make this a compelling opportunity for an investor or owner-occupant looking to generate rental income in the heart of downtown Lebanon.
Active
Listed by: Coldwell Banker LIFESTYLES - Hanover • Joe Flanagan
Price cut: $40K (9/10)
$495,000
16 Parkhurst Street, Lebanon, NH 03766
5beds
2,343sqft
Multi Family
Built in 1867
-- sqft lot
$478,800 Zestimate®
$211/sqft
$-- HOA
What's special
Own laundry room
- 24 days
- 868
- 33
Zillow last checked:
Listing updated:
Listed by:
Joe Flanagan,
Coldwell Banker LIFESTYLES - Hanover Phone:603-276-0505
Source: PrimeMLS,MLS#: 5106772
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Oil, Steam
Cooling
- None
Features
- Basement: Concrete,Unfinished,Basement Stairs,Walk-Up Access
Interior area
- Total structure area: 2,343
- Total interior livable area: 2,343 sqft
- Finished area above ground: 2,343
- Finished area below ground: 0
Property
Parking
- Parking features: Paved
- Has garage: Yes
Features
- Levels: Two
- Frontage length: Road frontage: 89
Lot
- Size: 10,454 Square Feet
- Features: Trail/Near Trail, Walking Trails, In Town, Near Paths, Near Shopping, Near Public Transit, Near Hospital, Near School(s)
Details
- Parcel number: LBANM92B61L
- Zoning description: LD
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Clapboard Exterior
- Foundation: Fieldstone
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1867
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Fiber Optic Internt Avail
Community & HOA
Location
- Region: Lebanon
Financial & listing details
- Price per square foot: $211/sqft
- Tax assessed value: $354,500
- Annual tax amount: $10,233
- Date on market: 8/26/2026
- Road surface type: Paved
Estimated market value
$478,800
$455,000 - $503,000
$2,281/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Price change | $495,000-7.5%$211/sqft |
Source:  PrimeMLS #5106772 Report a problem | ||
| 8/26/2026 | Listed for sale | $535,000+123.8%$228/sqft |
Source: PrimeMLS #5106772 Report a problem | ||
| 1/24/2017 | Sold | $239,000+6.2%$102/sqft |
Source: PrimeMLS #4507834 Report a problem | ||
| 3/22/2013 | Sold | $225,000-0.4%$96/sqft |
Source: Public Record Report a problem | ||
| 1/26/2010 | Sold | $226,000+56.9%$96/sqft |
Source: Public Record Report a problem | ||
| 10/25/1999 | Sold | $144,000$61/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,316 +8.2% | $354,500 |
| 2023 | $8,607 +5.4% | $354,500 |
| 2022 | $8,168 +16.6% | $354,500 +53.7% |
| 2021 | $7,006 | $230,700 |
| 2020 | $7,006 | $230,700 |
| 2019 | $7,006 +2.2% | $230,700 |
| 2018 | $6,856 +2.2% | $230,700 |
| 2017 | $6,709 +3.4% | $230,700 |
| 2016 | $6,490 +1.9% | $230,700 |
| 2015 | $6,370 +5.7% | $230,700 +0.6% |
| 2014 | $6,024 +3% | $229,300 |
| 2013 | $5,849 +11% | $229,300 +1.6% |
| 2010 | $5,270 +9.2% | $225,700 +5% |
| 2007 | $4,827 | $215,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 03766
Similar homes
- $495,0005 bd3 ba1.9k sqft25 West Street, Lebanon, NH 03766Active
MLS ID #5104280, Simon Verkaik. PrimeMLS - $465,0003 bd2 ba1.2k sqft8 Pine Street, Lebanon, NH 03766Active
MLS ID #5104345, Kate Cassidy. PrimeMLS - $499,0002 bd2 ba1.5k sqft75 Forest Avenue, Lebanon, NH 03766Active
MLS ID #5103297, Joe Flanagan. PrimeMLS - $359,0005 bd3 ba1.9k sqft7 South Street, Lebanon, NH 03766Active
MLS ID #5106571, Amy Redpath. PrimeMLS
