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Listing courtesy of PRIME_MLS / Constance Isabelle / Century 21 Farm & Forest

152 Prospect

Newport City, VT 05855

– beds
– baths
2,586 sqft
8,276 sqft lot
$145 per sqft
1885 build
– on site

This beautiful property has a revenue potential of $20,000-$40,000 annually, depending on the number of units available for rental. The owner is a superhost on Airbnb with a 4.7 rating. The owner lives in one of the units and rents out the others. The property is already booked into 2025. All that is missing from this beautiful property is an outside paint job, for which the seller is willing to discount the property by $10,000. This property is an exceptional investment opportunity with upscale extended-stay suites in a small Vermont city. This unique property perfectly fills a high-demand niche for quality, short-term accommodations. The property consists of four rental units. Each rental unit (except the owner's suite) comes fully furnished, providing a turnkey solution for tenants and offering modern amenities in a vintage setting. This property is located within easy reach of key local amenities and beautiful Lake Memphremagog. The building features a shared washer/dryer in the basement and a washer/dryer in the owner's unit for added convenience. This property is currently leased to essential workers. The building has been completely renovated to meet today's needs while maintaining the charming vintage feel that adds character and appeal. This is a fantastic opportunity to have rental income support your lifestyle, whether you're looking for a stable business venture or a unique way to live in one unit and have other units produce income to offset living cost.

Listing courtesy of PRIME_MLS / Constance Isabelle / Century 21 Farm & Forest

Last checked: Checking… • Last updated Dec 15, 2024 •

MLS# 5024158 —

The Building

Year Built:

1885
Pre-Construction:

No
Construction Status:

Existing
Construction Materials:

Wood Frame, Wood Siding
Architectural Style:

Victorian
Roof:

Metal
Foundation:

Concrete, Granite, Stone
Total Stories:

2.5
Total Units:

4
Approx SqFt Total:

3675
Approx SqFt Total Finished:

2,586 Sqft
Approx SqFt Finished Above Grade:

2,586 Sqft
Approx SqFt Finished Below Grade:

0 Sqft
Approx SqFt Unfinished Below Grade:

1089
Approx SqFt Unfinished Building Source:

Public Records
Approx SqFt Finished Above Grade Source:

Public Records
Road Frontage Type:

Paved, Public

Interior

Basement:

Yes
Basement Description:

Daylight, Full, Storage Space, Unfinished
Basement Access Type:

Walkout

Location

Directions:

From Main St. in Newport City, turn left onto Third St. and right onto Prospect. The fifth house on the right.
Latitude:

44.932739618674717
Longitude:

-72.211969093254083

The Property

Property Class:

Multi-Family
Seasonal:

No
Lot SqFt:

8,276 Sqft
Lot Acres:

0 Sqft
Zoning:

UR
Driveway:

Gravel, Paved
Road Frontage:

Yes
Road Frontage Length:

100 Sqft
Lot Features:

City Lot, Sidewalks, Street Lights, In Town, Near Shopping, Near Hospital, Near School(s)

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Taxes TBD:

No
Tax - Gross Amount:

$4,746.38

Beds

Bedrooms - Level 4:

4

Baths

Total Full Baths:

4
Three Quarter Baths:

2
Unit 1 Baths:

1
Unit 2 Baths:

1

The Listing

Virtual Tour
Price Per SqFt:

145.01
Foreclosed/Bank-Owned/REO:

No

Heating & Cooling

Heating:

Baseboard, Hot Water, Multi Zone
Cooling:

Individual

Utilities

Utilities:

Cable, Other
Sewer:

Public
Electric:

200 Amp, Circuit Breaker(s)
Trash:

Private
Cable Company:

Xfinity Comcast
Water Source:

Public

Schools

Elementary School:

Newport City Elementary
Middle Or Jr High School:

North Country Junior High
High School:

North Country Union High Sch

The Community

Covenants:

No

Parking

Garage:

Yes
Garage Capacity:

2

Extra Units

Unit 1 Rooms:

3
Unit 1 Bedrooms:

1
Unit 1 Approx SqFt:

639 Sqft
Unit 2 Bedrooms:

1
Unit 2 Approx SqFt:

771
Unit 3 Rooms:

3
Unit 3 Bedrooms:

1
Unit 3 Baths:

1
Unit 3 Approx SqFt:

361 Sqft
Unit 4 Bedrooms:

1
Unit 4 Baths:

1
Unit 1 Info:

Appliances Included, Heat Included
Unit 2 Info:

Appliances Included, Furnished, Heat Included
Unit 4 Info:

Appliances Included, Furnished, Heat Included

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price
12/9/24 Dec 9, 2024	Listed / Active	PRIME_MLS	$375,000
11/24/20 Nov 24, 2020	Sold	PRIME_MLS
9/19/20 Sep 19, 2020	Sold Subject To Contingencies	PRIME_MLS

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This multifamily located in Newport, VT 05855 is currently for sale for $375,000. 152 Prospect is a 2,586 square foot multifamily with – beds and – baths that has been on Estately for 12 days. This multifamily is in the attendance area of North Country Jr Uhsd 22, North Country Union High School, and Newport City Elementary Schools.

Listing Courtesy of: PRIME_MLS and Century 21 Farm & Forest.

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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.