38 Summer Street Newport NH 03773 Multi Family Price Change!reduced by $10,500 now $339,000

Price Change! reduced by $10,500 down 3% on June 1st 2026
$339,000 | $147 per sq.ft. A 2 Unit Multi Family Home, in Newport NH With 3 - One Bedroom Units | 2 - Two Bedroom Units MLS# 5088622

Listed by Susan Latham Century 21 Highview Realty Off: 603-542-7766 on May 13th 2026
38 Summer Street Newport NH 03773

DESCRIPTION

Coming Soon! Great opportunity for investors! Strong rental history. This property has had so many upgrades over the past year. There really isn't much for the new owner to do. Unit 2 completely rehabbed, unit 1 was upgraded with paint, flooring, washer/dryer. 2 new ranges, commercial sump pump system, awning covers over front and rear doors of unit 1. Porch roof reshingled,trim and porch painted, driveway paved this month, easy care vinyl siding and windows, and more. Easy access to downtown Newport, Vail Resort and Lake Sunapee and major routes. Minimum 24 hour notice toshow, 48 preferred. Showings begin on 05/23/2026.
Appliances : Water Heater off Boiler
Gross Income : $43200
Net Income: $

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UNIT 1 INFORMATION Beds: 3 Baths: 1 Rooms: 6 Level: 1 & 2 Info : CO Detector,Deck,Dryer,Heat Included,Electric Range,Refrigerator,Smoke Detector,Washer Tenant Pays : Electric,Internet Service,Snow Removal,TV Service Rent : 1700.00 Monthly Lease Term : Month to Month Signed Lease : Yes Status : Month to Month	UNIT 2 INFORMATION Beds: 2 Baths: 1 Rooms: 6 Level: 1 & 2 Info : CO Detector,Den,Heat Included,Porch,Electric Range,Refrigerator,Smoke Detector Tenant Pays : Electric,Ground Maintenance,Internet Service,Snow Removal,TV Service Rent : 950.00 Bi-Weekly Lease Term : Annual Signed Lease : Yes

CONSTRUCTION

Wood Frame | Year Built: 1926
No. of Floors:2
Total Sq.Ft. Finished: 2310
Above Grade Sq.Ft.: 2310
Apx Below Grade Unfinished Sq.Ft.: 825
Price Per SQ.FT. 146.75
Basement: Unfinished
Heating: Propane | Hot Water
Cooling: None
Electric: Circuit Breaker(s)
Trash: Dumpster
Utilities: Cable Available | Satellite
Electric Meters: 2

Style: Cape
Roof: Metal | Asphalt Shingle
Water: Public
Sewer: Public
Seasonal: No

LAND LOT INFORMAITION

PROPERTY INFORMATION

Taxes $6,586
| Assesed Value $262,500 in 2025

AREA INFORMATION

School District: Newport School District
Elementary School: Richards Elementary School
Middle School: Newport Middle and High School
High School: Newport Middle High School

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