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Listed by Matthew Lefebvre • Downtown Realty
$ 1,750,000
Est. payment /mo
New
524 Sunapee ST Newport, NH 03773
8,424 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,424 sqft
Price per Sqft $207
MLS Listing ID 5102862
Construction Status Existing
Year Built 1920
Annual Tax Amount $16,241
Tax Year 2025
Lot Size 0.310 Acres
Acres 0.31
Property Description
Introducing Newport Heights; a 12-unit multifamily investment property located near the border of Newport and Sunapee. Offered individually for sale at $1,750,000, this well-maintained apartment building features a diversified unit mix of one-bedroom, oversized one-bedroom, and two-bedroom apartments, providing broad tenant appeal and stable occupancy potential within the greater Newport market. The building has undergone significant capital improvements, including renovations of all residential units and common areas, a roof replacement, electrical service and panel upgrades, plumbing improvements, and the installation of electronic locks on unit doors. Minimal near-term capital expenditure remain for future ownership allowing for a turnkey, multifamily investment. The heating system consists of an efficient, Buderus-brand oil-fueled forced hot water boiler providing individually zoned baseboard heat throughout the building. Newport Heights benefits from functional on-site amenities, including one off-street parking space per unit and a coin-operated laundry facility that provides supplemental income. The basement also contains additional space that could be converted into tenant storage lockers, creating an opportunity for future ancillary revenue. With its recent renovations, efficient unit mix, and potential for additional income streams, Newport Heights represents a stabilized multifamily investment opportunity with operational upside in a growing Sullivan County market. Broker Interest. Financials available upon execution of NDA.
Location
State NH
County Nh-sullivan
Area Nh-Sullivan
Zoning Light Commercial
Rooms
Basement Entrance Interior
Basement Concrete Floor, Full, Partially Finished
Interior
Cooling None
Exterior
Utilities Available Other
Roof Type Membrane
Building
Story 3
Sewer Public
Architectural Style Apartment Building, Multi-Family, Multi-Level
Construction Status Existing
