$800,000 | $182 per sq.ft. Under Contract
A 7
Unit Multi Family Home, in Newport NH
With 2 - One Bedroom Units | 4 - Two Bedroom Units | 1 - Three Bedroom Units MLS# 5068481
|
|
|
|
Listed by Rich Racine RE/MAX Innovative Properties rich@racinerealtyteam.com on
November 4th 2025
150 S Main Street Newport NH 03773-
|
DESCRIPTION
|
Investment Opportunity: Fully Updated 7-Unit Multifamily Property Seize this turnkey income-producing asset in the heart of Newport, New Hampshire. This expansive 7-unit multifamily building offers modernized living spaces, strong cash flow potential, and low-maintenance operations--ideal for the savvy investor. Property Highlights: 7 Spacious Units - All fully renovated with contemporary upgrades, including: New flooring throughout, Modernized kitchens with updated cabinetry, countertops, and appliances. Fully remodeled bathrooms Updated plumbing and electrical fixtures for efficiency and safety. Large Building Footprint with abundant on-site parking for tenants and guests On-Site Dumpster for convenient waste management Tenant-Paid Utilities (heat, electric, hot water) - maximizing owner profitability. Strong rental history in a stable residential market. Prime Location: Situated on vibrant South Main Street, residents enjoy walkable access to downtown Newport's charming shops, cafes, and services. Just minutes from: Newport Golf Club - a scenic 18-hole public course. Mount Sunapee Resort - 20 minutes away for world-class skiing and year-round adventure Lake Sunapee - boating, fishing, and lakeside recreation. Dartmouth-Lake Sunapee Region - cultural events, hiking, and seasonal festivals With all major updates completed and tenant-paid utilities, this property delivers immediate income with minimal deferred maintenance. Property to be shown Sunday 11/9/25 from 10-12
Appliances : Electric Water Heater | Owned Water Heater
Gross Income : $115800
Net Income: $
|
|
|
UNIT 1 INFORMATION
Beds: 3
Baths: 2
Rooms: 0
Level: 1
Info : CO Detector,Electric Cooktop,Dishwasher,Gas Heat,Porch,Electric Range,Refrigerator,Smoke Detector,Water Heater
Tenant Pays : Electric,Heat,Hot Water
Rent : 1700.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
|
UNIT 2 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Level: 2
Info : CO Detector,Electric Cooktop,Gas Heat,Electric Range,Refrigerator,Smoke Detector
Tenant Pays : Electric,Heat,Hot Water
Rent : 1300.00 Monthly
Lease Term : Annual
Signed Lease : Yes
|
UNIT 3 INFORMATION
Beds: 2
Baths: 1
Level: 2
Tenant Pays : Electric,Heat,Hot Water
Rent : 1500.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
|
UNIT 4 INFORMATION
Beds: 1
Baths: 1
Level: 1
Info : CO Detector,Electric Cooktop,Gas Heat,Electric Range,Smoke Detector
Tenant Pays : Electric,Heat,Hot Water
Rent : 1000.00 Monthly
Lease Term : Annual
Status : Leased
|
UNIT 5 INFORMATION
Beds: 2
Baths: 1
Rooms: 0
Info : CO Detector,Electric Cooktop,Gas Heat,Electric Range,Smoke Detector
Tenant Pays : Electric,Heat,Hot Water
Rent : 1400.00 Monthly
Lease Term : Annual
Signed Lease : Yes
|
UNIT 6 INFORMATION
Beds: 2
Baths: 1
Tenant Pays : Electric,Heat,Hot Water
Rent : 1350.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
|
UNIT 7 INFORMATION
Beds: 2
Baths: 1
Info : CO Detector,Electric Cooktop,Gas Heat,Electric Range,Smoke Detector
Tenant Pays : Electric,Heat,Hot Water
Rent : 1400.00
|
|
|
CONSTRUCTION
|
Wood Frame | Vinyl Siding | Exterior Color Light Blue | Year Built: 1910
No. of Floors:2
Total Sq.Ft. Finished: 4388
Above Grade Sq.Ft.: 4388
Apx Below Grade Unfinished Sq.Ft.: 0
Price Per SQ.FT. 182.32
Basement: Concrete | Unfinished | Walkout | Interior Access | Exterior Access
Heating: Direct Vent | Vented Gas Heater
Cooling: None
Electric: 200+ Amp Service
Trash: Dumpster
Utilities: Cable
Electric Meters: 8
|
|
Style: Multi-Family
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Seasonal: No
|
LAND LOT INFORMAITION
Lot Description: Major Road Frontage | In Town | Near Public Transportatn
Lot size: 0.45 acres
Zoned: PBD10PROF BUS DIST
Surveyed: Unk
Flood Zone: No
Driveway: Dirt
|
|
PROPERTY INFORMATION
Taxes $0
|
AREA INFORMATION
|
School District: Newport Town School District
Elementary School: Richards Elementary School
Middle School: Newport Middle and High School
High School: Newport Middle High School | |
|
|
