383 Main Street Newport City, Vermont - Sold in 2022

383 Main Street Newport City, Vermont 05855 MLS# 4891788

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Sold Status

$161,300 Sold Price

Multi Type

4 Beds

3 Baths

2,773 Sqft

Listed By Nicholas Maclure of Century 21 Farm & Forest
Sold By Century 21 Farm & Forest
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383 Main Street

Located in downtown Newport, Vermont with a lake view is this fully occupied triplex. All units include refrigerator, cook stove, washer & dryer. The building sits on a concrete foundation and has had substantial updates including heating system, wiring, plumbing, bathrooms, replacement windows & vinyl siding. Unit 1 is a 2-bedroom with lovely woodwork & lake views. It has a galley-style kitchen, large dining room & living room, main floor bedroom plus large bedroom upstairs. Unit 2 is a main floor unit with 1 bedroom, open kitchen/dining space & a living room. Unit 3 is a second-story unit with an open kitchen/dining room, a living room & it has been set up as 1 or 2 bedrooms. Owner pays heat, trash, lawn & snow removal, plus electric for units 1 & 3. Unit 2 pays their own electric. The lot offers 4 -5 parking spaces & some yard space for each unit. Enjoy access to Main Street restaurants & shops, the boardwalk, lake and recreation path (aka bike path). Units 1 & 2 are currently rented slightly below market as the tenants work for the sellers husband. A great opportunity to start or expand your investment portfolio.

Property Location

383 Main Street Newport City

Property Details

Sold Price  $161,300 Sold Date  Feb 4th, 2022
List Price  149,900 Bedrooms  4 Garage Size  1 Car
Cooperation Fee  Unknown Total Bathrooms  3 Year Built  1900
MLS#  4891788 Lot Size  0.25 Acres Taxes $3,816
Type  Multi-Family Days on Market  1670 Days Tax Year 2021
Units  3 Stories  2 Road Frontage  66
Annual Income  $24,100 Style  Multi-Family, Neighborhood Water Frontage  
Annual Expenses  $0 Finished  2,773 Sqft Construction  No, Existing
Zoning   Per City Above Grade  2,773 Sqft Seasonal  No
Total Rooms  4 Below Grade  0 Sqft List Date  Nov 26th, 2021
Gross Income  $24,100 Operating Expenses  $0 Net Income  $11,489
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 1,100 SqFt, $175/Weekly Unit 2   1 Beds, 1 Baths, 700 SqFt, $500/Monthly
Unit 3   1 Beds, 1 Baths, 800 SqFt, $750/Monthly
ConstructionWood Frame
BasementInterior, Unfinished, Full
Interior Features
Exterior Features
Exterior  Vinyl Disability Features  
Foundation  Granite, Concrete House Color  white
Floors  Carpet, Vinyl, Tile, Wood Building Certifications  
Roof  Shingle-Asphalt, Fiberglass HERS Index  
DirectionsTake Main Street in Newport City towards Lake Road. House is on left, just before Governor Drive.
Lot DescriptionYes, Mountain View, View, City Lot, Level, Water View, Landscaped, Lake View, Sidewalks, Street Lights, View, Water View, Village, Snowmobile Trail, Near Snowmobile Trails, Village
Garage & Parking  Yes, , , 3-5 Spaces
Road Frontage  66 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Per City
School District  North Country Supervisory Union Middle  North Country Junior High
Elementary  Newport City Elementary High  North Country Union High Sch
Heat Fuel  , Oil Excluded  
Heating/Cool  None, Baseboard Negotiable  
Sewer  Public Parcel Access ROW  No
Water  Public ROW for Other Parcel  Yes
Water Heater  Owned, Oil, Off Boiler Financing  
Cable Co  Comcast Documents  Property Disclosure
Electric  Circuit Breaker Tax ID  435-136-16070
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† The remarks published on this webpage originate from Listed By Nicholas Maclure of Century 21 Farm & Forest 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.