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.