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Single Family Residence at 54 Lebanon Street, Hanover
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$750,000

Under contract
54 Lebanon Street
Hanover, NH 03755
Listed by Carter Auch · BHHS Verani Upper Valley
Bedrooms
4
Bathrooms
1.5
Living area
N/A
Year built
1917

About this home

A well-maintained four-bedroom, one-and-a-half-bath home close to downtown Hanover and Dartmouth College. Roughly 1,500 square feet, with hardwood floors throughout, large bedrooms, and generous living areas. Outside, a nice yard adds space rarely found this close to the center of town. Buy now and start collecting rental income immediately- a signed lease is in place through July 31, 2027, at $5,400 per month, with up to $6,000 in annual utility coverage for the tenant included. It's a turnkey investment for a buyer who wants stable cash flow with no lease-up period. 2025 Operating Costs: Oil: $1,980.73 Electric: $3,314.92 Insurance: $1,913.00 Lawn and driveway care: $840.00 Once the lease concludes, the property also transitions well to a primary residence — the large bedrooms, hardwood floors, and proximity to downtown Hanover and Dartmouth make it just as appealing for an owner-occupant as it is for an investor.

Property details

MLS
Prime MLS
MLS #
5103344
Property type
Single Family Residence
Subdivision
N/A
Status
Under contract
Days on market
N/A
On market date
N/A
Stories
N/A
Total bathrooms
1.5
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.13 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Bernice A. Ray School
1.76 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
497
Student:teacher ratio
10.8:1
District
Hanover School District
Middle
Frances C. Richmond School
1.9 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
349
Student:teacher ratio
9.2:1
District
Dresden School District
High
Hanover High School
0.22 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
688
Student:teacher ratio
11.9:1
District
Dresden School District

Walkability

Blended score for Hanover's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

63
Walkable
out of 100
EPA National Walkability Index
10.8 / 20 -- Above average walkable
Google Places amenity density
75 / 100
Restaurants & cafes20
Grocery stores1
Parks8
Schools5
Transit stops20
Pharmacies0

Market position

How this listing compares to current activity in Hanover, from live MLS data.

On the market 0 days -- 82 fewer days than Hanover's current average of 82 days.
For reference, the median list price across 47 active listings in Hanover right now is $1,070,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$4,667/mo
$150,000 down
$600,000 loan
Principal & interest$3,892
Property tax (est.)$625
Home insurance (est.)$150

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Copyright 2026 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is 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 08/11/26.