Newport City VT Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- 2,586
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1885
- Baths:
- 4.00
- MLS#:
- 5024158
ADDITIONAL INFORMATION
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.
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Newport City Real Estate
The median home value in Newport City, VT is $220,000. The national median home value is $338,100. The average price of homes sold in Newport City, VT is $220,000. Newport City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Newport City real estate agent to arrange a tour today!
Newport City, Vermont has a population of 2,223.
The median household income in Newport City, Vermont is $52,283. The median household income for the surrounding county is $58,037 compared to the national median of $69,021. The median age of people living in Newport City is 47.2 years.
Newport City Weather
The average high temperature in July is 78.3 degrees, with an average low temperature in January of 1.1 degrees. The average rainfall is approximately 42.3 inches per year, with 100.6 inches of snow per year.