52 West Main Street Newport City, Vermont 05855 MLS# 5020705

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For Sale Status

$189,500 List Price

Multi Type

5 Beds

3 Baths

2,008 Sqft

Listed By Ryan Pronto of Jim Campbell Real Estate
✉ 🖶

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Unit #1 Unit #1
Unit #1 Unit #1
Unit #2 Unit #2
Unit 2 Unit 2
Unit #3 Unit #3
Unit #3 Unit #3
Unit #3 Unit #3
Unit #2 Unit #2
Unit #2 Unit #2
Unit #2 Unit #2
Unit #2 Unit #2
Basement Basement
Electrical Panel Electrical Panel
Electrical Panel Electrical Panel
Propane On Demand Hot Water Heater Propane On Demand Hot Water Heater
Oil Hot Air Furnace Oil Hot Air Furnace
Back Back
Driveway Entrance Driveway Entrance
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Driveway Entrance Driveway Entrance
52 West Main Street
52 West Main Street

Well maintained and fully leased 3-unit investment property. All units are fully leased with long term tenants on month to month leases. Separate utilities with tenants paying their own electric and heat expenses (unit #3 landlord pays heat). Landlord pays water/sewer, real estate taxes, mowing, plowing, rubbish and maintenance. Numerous updates over the past two years include a fully remodeled unit #3, foundation repairs, balcony, electrical & plumbing updates, painting and more. Vinyl windows, well cared for interiors, kitchen appliances included in each unit, 3 separate heating systems, public water/sewer and plenty of onsite parking. This is a turnkey and profitable investment property with great tenants. †

Property Location

52 West Main Street Newport City

Property Details

List Price  189,500 Bedrooms  5 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  3 Year Built  1900
MLS#  5020705 Lot Size  0.22 Acres Taxes $2,411
Type  Multi-Family Days on Market  22 Days Tax Year 2025
Units  3 Stories  1/2/1900 Road Frontage  75
Annual Income  $27,300 Style   Water Frontage  
Annual Expenses  $0 Finished  2,008 Sqft Construction  No, Existing
Zoning   Newport Above Grade  2,008 Sqft Seasonal  No
Total Rooms  5 Below Grade  0 Sqft List Date  Oct 31st, 2024
Gross Income  $27,300 Operating Expenses  $0 Net Income  $23,328
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $650/Monthly Unit 2   3 Beds, 1 Baths, $800/Monthly
Unit 3   1 Beds, 1 Baths, $825/Monthly
Construction
BasementWalkout, Unfinished, Full, Walkout
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Brick, Concrete, Fieldstone House Color  
Floors  Other, Laminate Building Certifications  
Roof  Metal, Shingle HERS Index  
DirectionsFrom Main Street Newport, continue West to the three-way intersection with West Main St. & Lake Road. Straight onto West Main and this is the first property on the right.
Lot DescriptionUnknown, Other
Garage & Parking  No, On Site, 6+ Parking Spaces, Parking Spaces 6+
Road Frontage  75 Water Access  
Driveway  Gravel Water Type  Lake
Flood Zone  No Water Body  
Zoning  Newport
School District  Orleans Essex North Middle  North Country Junior High
Elementary  Newport City Elementary High  North Country Union High Sch
Heat Fuel  , Oil, Gas-Lp/Bottle Excluded  Washer & Dryer units are the tenants.
Heating/Cool  None, Vented Gas Heater, Individual, Hot Air, Individual Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  Other, Lease Agreements, Deed, Tax Map
Electric  Circuit Breaker Tax ID  435-136-14921
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† The remarks published on this webpage originate from Listed By Ryan Pronto of Jim Campbell Real Estate via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.