This beautiful property has a revenue potential of $20,000-$40,000 annually, depending on the number of units available for rental. The owner is a superhost on Airbnb with a 4.7 rating. The owner lives in one of the units and rents out the others. The property is already booked into 2025. All that is missing from this beautiful property is an outside paint job, for which the seller is willing to discount the property by $10,000. This property is an exceptional investment opportunity with upscale extended-stay suites in a small Vermont city. This unique property perfectly fills a high-demand niche for quality, short-term accommodations. The property consists of four rental units. Each rental unit (except the owner's suite) comes fully furnished, providing a turnkey solution for tenants and offering modern amenities in a vintage setting. This property is located within easy reach of key local amenities and beautiful Lake Memphremagog. The building features a shared washer/dryer in the basement and a washer/dryer in the owner's unit for added convenience. This property is currently leased to essential workers. The building has been completely renovated to meet today's needs while maintaining the charming vintage feel that adds character and appeal. This is a fantastic opportunity to have rental income support your lifestyle, whether you're looking for a stable business venture or a unique way to live in one unit and have other units produce income to offset living cost.
Property Details
Property Features
Property Information:
Year Built: 1885
Living Area: 2,586 SqFt
Listing Office:
Office Name: Century 21 Farm & Forest
Office Phone: (802) 334-1200
Listing Agent: Constance Isabelle
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Garage Space: 2 spaces
Lot Features
Lot Information:
Lot Size: 0.19 Acres
Utilities
Utilities Information:
Heating: Baseboard, Hot Water
Cooling: Other
Other
Directions Information:
Directions: From Main St. in Newport City, turn left onto Third St. and right onto Prospect. The fifth house on the right.
Price Information
Listing Price Info
Price Summary:
List Price: $375,000
Price Per SqFt: $145/SqFt
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Housing Market Comparison
See how this home compares to others in Newport, VT.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/17/2024, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Newport City Elementary School
166 Sias Ave
Distance between this listing and this school1.29 miles
Public District Grades PK-6
3
/10
Newport Town School
4212 VT Route 105
Distance between this listing and this school4.81 miles
Public District Grades PK-6
4
/10
Derby Elementary School
907 Elm St
Distance between this listing and this school6.58 miles
Public District Grades PK-6
Nearby Schools
5
/10
North Country Union Junior High School
57 Junior High Dr
Distance between this listing and this school4.10 miles
Public District Grades 7-8
4
/10
Coventry Village School
348 Route 5
Distance between this listing and this school5.50 miles
Public District Grades PK-8
8
/10
Orleans Elementary School
53 School St
Distance between this listing and this school8.51 miles
Public District Grades PK-8
Nearby Schools
4
/10
North Country Union High School
209 Veterans Ave
Distance between this listing and this school1.04 miles
Public District Grades 9-12
5
/10
Lake Region Union High School
317 Lake Region Rd
Distance between this listing and this school10.38 miles
Public District Grades 9-12
9
/10
Craftsbury Schools
1422 N Craftsbury Rd
Distance between this listing and this school20.96 miles
The neighbors living near this home have an average income of $31,495. The majority of Newport, VT residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 152 Prospect St
What is the listing price of this property?
The listing price of 152 Prospect St property is $375,000.
What type of property is this?
The property 152 Prospect St is land located in Newport City, Vermont, 05855.
Is this property for sale now?
Active Listing: 152 Prospect St is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 152 Prospect St in Newport City, VT and zip code 05855. This 2,586 square foot home, which was built in 1885, sits on a 0.19 acre lot. It has been listed on Rocket Homes since December 09, 2024 and is currently priced at $375,000.
While more than 3 listings in Newport, VT in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 0 were sold below. The number of listings in Newport, VT increased by 3.7% between October 2024 and November 2024.
From Rocket Homes Real Estate and based on county public records data.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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