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152 Prospect Street, Newport City, VT 05855

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For Sale

$375,000

4 beds • 4 baths • 2,586 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 1885
    Year built

  • $145.01
    Price per square foot

  • Garage
    Garage Description

Explore this Property

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.
MLS# 5024158

Listed By CENTURY 21 Farm & Forest

Property Features

  • Basement
    Other Basement
  • Garage Description
    Garage
  • Heating - Fuel Type
    Other
  • Heating Type
    Baseboard
  • Lot Size
    0.19 Acres
  • Rent Includes
    Hot Water
  • Roof
    Metal Roof
  • Style
    Other Style

Map and Directions

Directions to 152 Prospect Street, Newport City, VT 05855

Home seller Meet the Agent,
Constance Isabelle

Get to know the neighborhood. A local affiliated CENTURY 21 agent will help you set up tours, give advice, and negotiate with sellers.

Constance Isabelle

of CENTURY 21 Farm & Forest

(802) 274-2149
Learn More About Me

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Monthly Payment Breakdown

  • Principle and Interest
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  • Hazard Insurance
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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