524 Sunapee Street,Newport, NH 03773
Newport, NH 03773
Description
Introducing Newport Heights; a 12-unit multifamily investment property located near the border of Newport and Sunapee. Offered individually for sale at $1,675,000, 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.
Details
| MLS # | 5102862 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1920 |
| Days On Site | 56 |
| Listing Provided By | Downtown Realty | Matthew Lefebvre |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 12 |
| Zoning | Light Commercial |
| Acreage | 0.31 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | None |
| Heating | Oil, Hot Water |
Exterior
| Roof | Membrane |
|---|---|
| Construction Materials | Wood Frame, Vinyl Siding |
| Foundation Details | Granite |
| Lot Features | City Lot |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Spaces 11 - 20, Paved |
Utilities
| Utilities | Other |
|---|---|
| Electric | 100 Amp Service, Circuit Breakers |
| Sewer | Public |
Taxes
| Tax Annual Amount | 16241 |
|---|---|
| Tax Block | 0 |
| Tax Lot | 35 |
| Tax Year | 2025 |
Area Information
| State | NH |
|---|---|
| County | Sullivan |
| City | Newport |
| Zip Code | 03773 |
| Area | NH Sullivan |
| Listing VS Median (in 03773) | |
Price: $1,675,000 low | high Med: $1,000 On site: 56 low | high Med: 735 | |
Market Activity 03773
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Learn More About This Property
| State | NH |
|---|---|
| County | Sullivan |
| City | Newport |
| Zip Code | 03773 |
| Area | NH Sullivan |
| Listing VS Median (in 03773) | |
Price: $1,675,000 low | high Med: $1,000 On site: 56 low | high Med: 735 | |
