35 Spring St Newport, VT 05855
Estimated payment $1,513/month
Highlights
- A-Frame Home
- Wood Flooring
- Level Lot
- Deck
About This Home
Income opportunity is knocking! Come see for yourself the opportunities that await at this 2-unit investment property on a spacious .24 acre lot in Newport City. Tons of renovations have been completed by current owners since purchasing the property in 2014 to include; new electrical with hardwired smoke/carbon detectors providing each unit with separate panels, new plumbing with W/D hookups, hot air heating system for the first floor unit and 2 gas vented Rinnai units in the 2nd floor unit, spray foam insulation in the basement and crawl space, updated kitchens, baths and appliances, fire rated sheetrock, new flooring and refinished hardwood in the first floor unit. Additional features include a metal roof, vinyl siding, paved driveway and much much more. The first floor unit consists of a fully applianced kitchen, large living/dining area with hardwood flooring and several windows allowing for plenty of natural light, 2 bedrooms and a 3/4 bathroom. The second story unit offers another fully applianced kitchen, living area, bedroom and 3/4 bathroom. The first floor unit currently rents for $950.00 while the 2nd story rents for $850.00 w/ owner paying for heat, trash, lawn care and W/S for both units. Come take a look today for yourself and see all this property has to offer. Seller is willing to pay to convert the property back to a single family residence for qualified purchasers. For financing details, please see attached documentation.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,635
Year Built
- Built in 1900
Lot Details
- 10,454 Sq Ft Lot
- Level Lot
Parking
- Paved Parking
Home Design
- Duplex
- A-Frame Home
- Concrete Foundation
- Wood Frame Construction
- Metal Roof
- Vinyl Siding
Interior Spaces
- Property has 1.75 Levels
- Basement
- Interior Basement Entry
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Deck
Schools
- Derby Elementary School
- North Country Junior High
- North Country Union High Sch
Utilities
- Heating System Uses Gas
- Separate Meters
Community Details
Overview
- 2 Units
Building Details
- 2 Leased Units
- Gross Income $18,925
- Net Operating Income $11,363
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,172 | $72,800 | $19,800 | $53,000 |
| 2023 | $2,172 | $72,800 | $19,800 | $53,000 |
| 2022 | $2,171 | $72,800 | $19,800 | $53,000 |
| 2021 | $2,217 | $72,800 | $19,800 | $53,000 |
| 2020 | $2,205 | $72,800 | $19,800 | $53,000 |
| 2019 | $2,142 | $72,800 | $19,800 | $53,000 |
| 2018 | $2,104 | $72,800 | $19,800 | $53,000 |
| 2017 | $2,221 | $72,800 | $19,800 | $53,000 |
| 2016 | $2,221 | $74,000 | $14,400 | $59,600 |
| 2015 | -- | $740 | $0 | $0 |
| 2014 | -- | $740 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/12/2026 01/12/26 | For Sale | $249,000 | +730.0% | $122 / Sq Ft | |
| 01/28/2014 01/28/14 | Sold | $30,000 | -42.3% | $21 / Sq Ft | View Prior Sale |
| 01/06/2014 01/06/14 | Pending | -- | -- | -- | |
| 04/16/2013 04/16/13 | For Sale | $52,000 | -- | $37 / Sq Ft |
Source: PrimeMLS
MLS Number: 5073702
APN: 435-136-14820
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