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Brie Stephens

[email protected] +1(603) 819-8071

Listed by Ryan Pronto • Jim Campbell Real Estate

$ 324,900

Est. payment -/mo

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43 Indian Point ST Newport City, VT 05855

5 Beds

3 Baths

2,157 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,157 sqft

Price per Sqft $150

MLS Listing ID 5105024

Bedrooms 5

Full Baths 3

Construction Status Existing

Year Built 1890

Annual Tax Amount $3,822

Tax Year 2026

Lot Size 7,840 Sqft

Acres 0.18

Property Description

Very well-maintained 3-unit investment property located on the desirable East Side of Newport City. This turnkey income-producing property is fully occupied with long-term tenants and offers separate utilities, with each tenant responsible for their own heat, electric, and hot water expenses. Heating systems include oil hot-air furnaces in Units #1 and #2 and a propane Rinnai heater in Unit #3. Each apartment also features its own washer/dryer hookups. The landlord's expenses are limited to insurance, water/sewer, property taxes, mowing, plowing, rubbish removal, etc. Significant recent improvements include a 2 heating systems & 2 hot water heaters installed, a paved driveway, deck repairs, roof replacement on approximately two-thirds of the building in 2022, updated gutters, and several vinyl replacement windows. Additional features include a large covered front porch, fenced backyard, and a utility shed for owner storage. Unit #1 is a spacious two-story, 2-bedroom apartment leased through 5/15/2027. Unit #2 is a two-story, 1-bedroom apartment featuring a recently renovated kitchen and bathroom with granite countertops, leased through 4/30/2027. Unit #3 offers a spacious two-story, 2-bedroom layout and is leased through 6/1/2027. A rare opportunity to acquire a well-maintained, low-maintenance multifamily property with stable rental income, strong rental history, and minimal owner responsibilities.

Location

State VT

County Vt-orleans

Area Vt-Orleans

Zoning Newport

Rooms

Basement Entrance Interior

Basement Interior Stairs, Partial, Storage Space, Unfinished

Interior

Cooling None

Flooring Carpet, Hardwood, Other, Vinyl

Exterior

Utilities Available Cable Available, Telephone Available

Waterfront Description No

View Y/N No

Water Access Desc No

View No

Roof Type Shingle

Building

Story 2

Sewer Public

Architectural Style Multi-Family, New Englander

Construction Status Existing

Schools

Elementary Schools Newport City Elementary

Middle Schools North Country Junior High

High Schools North Country Union High Sch

School District North Country Supervisory Union

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