$325,000
SOLD SEP 13, 2022

63 S Main St Newport, NH 03773

5 Beds
5 Baths
4,804 Sq Ft
4,748 Sq Ft Lot

Recently Sold

$68 Per Sq Ft

19% Below List Price

100 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • High Speed Internet
  • Zoned Heating

About This Home

As of May 2025

Main Street USA downtown Newport, one of the prettiest downtown commons around. This building has 3 rental apartments, and to Store front retail units each with bath. Basement area on left side has been used in the past as a kitchen for a bakery, and restaurant, town approved space. Owner has used the right side retail space for a retail antique store for several years. Plenty of parking very safe location, Newport police station is right next door. Owner has maintained this building very well over the years. On the second floor are 2 apartments currently rented below market rate but good tenants, and addition 2 rooms on the second floor could be added to the apartment or Street Front room could be rented as an office. Basement studio apartment enters from the rear basement level. Basement is walk out in the rear for easy access for supply delivers. Right across the street from Salt Hill Pub perfect location for your next business venture.

Last Agent to Sell the Property

Deb Roberts

RE/MAX Upper Valley License #082.0007001 Listed on: 05/07/2022

RE/MAX Upper Valley

Last Buyer's Agent

Michael Lissack

VRG Massachusetts LLC dba The Virtual Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,171

Year Built

  • Built in 1900

Lot Details

  • 4,748 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding
  • Asphalt

Interior Spaces

  • 5 Full Bathrooms
  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Exterior Basement Entry
  • Apartment Living Space in Basement
  • Basement Storage

Parking

  • Gravel Driveway
  • On-Street Parking
  • On-Site Parking

Schools

  • Newport Middle And High School
  • Newport Middle High School

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Separate Meters
  • Propane
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 143

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $13,898
  • Net Operating Income $26,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,171

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family
  • Directions: From Lebanon I-89 south to exit 13 then 10 miles on Route 10 into downtown Newport past the Green on the right across the street from Salt Hill Pub
  • Flood Zone: Unknown
  • Footprint: 12x75`13x54
  • Assessment Amount: 187000
  • Assessment Year: 2016
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 79.48
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5464
  • Sq Ft - Apx Total Finished: 4804
  • Year Built: 1900
  • Remarks Public: Main Street USA downtown Newport, one of the prettiest downtown commons around. This building has 3 rental apartments, and to Store front retail units each with bath. Basement area on left side has been used in the past as a kitchen for a bakery, and restaurant, town approved space. Owner has used the right side retail space for a retail antique store for several years. Plenty of parking very safe location, Newport police station is right next door. Owner has maintained this building very well over the years. On the second floor are 2 apartments currently rented below market rate but good tenants, and addition 2 rooms on the second floor could be added to the apartment or Street Front room could be rented as an office. Basement studio apartment enters from the rear basement level. Basement is walk out in the rear for easy access for supply delivers. Right across the street from Salt Hill Pub perfect location for your next business venture.
  • List Agent: 8735
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Vinyl, Wood
  • Basement Access Type: Walkout
  • Basement Description: Apartments, Concrete, Concrete Floor, Full, Partially Finished, Stairs - Interior, Storage Space, Walkout, Exterior Access
  • Sq Ft - Apx Finished AG: 4089
  • Sq Ft - Apx Finished BG: 715
  • Sq Ft - Apx Unfinished AG: 60
  • Sq Ft - Apx Unfinished BG: 600

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel, Right-Of-Way (ROW)
  • Exterior: Asphalt, Brick, Vinyl
  • Foundation: Brick, Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Membrane
  • Easements: Yes

Garage/Parking

  • Parking: On-Site, On Street

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Goodrich
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Baseboard, Direct Vent, Electric, Gas Heater - Vented, Multi Zone, Wall Units
  • Separate Utilities: Yes
  • Total Electric Meters: 5
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Trash: Tenant
  • Utilities: Cable, Dsl - Available, Gas - Lp/Bottle, High Speed Intrnt -Atsite, Telephone At Site

Condo/Co-op/Association

  • Management Company: self managed

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Newport School District
  • Middle School: Newport Middle and High School
  • High School: Newport Middle High School
  • High School: Newport Middle High School

Lot Info

  • Map: 114
  • Lot: 143
  • Lot Sq Ft: 4748
  • Lot Acres: 0.109
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: Light Commercial
  • Deed Book: 792
  • Deed Page: 734
  • Deed Recorded Type: Warranty

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 6171
  • Tax Year: 2021

Multi Family

  • Net Income: 26880
  • Sale Includes: Equipment, Land/Building
  • Total Full Baths: 5
  • Total Units: 5
  • Total1 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 2

MLS Schools

  • School District: Newport School District
  • School Middle Jr: Newport Middle and High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2025
Closed on
May 1, 2025
Sold by
Barbara L Parker Ft and Parker
Bought by
Minsch Ryan and Minsch Megan
Seller's Agent
Buddy Howe
Coldwell Banker LIFESTYLES
Buyer's Agent
Antonio Giovagnoli
Realty One Group Next Level
List Price
$275,000
Sold Price
$285,000
Premium/Discount to List
$10,000
3.64%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,750
Outstanding Balance
$270,513
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2012
Sold by
Jp Morgan Chase Bank N
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Feb 23, 2011
Sold by
Sanders Frederick A and Fnma
Bought by
Federal National Mortgage Association
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $285,000 None Available
Warranty Deed $285,000 None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Foreclosure Deed $188,800 --
Foreclosure Deed $188,800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,750 Purchase Money Mortgage
Closed $270,750 Purchase Money Mortgage
Previous Owner $15,000 Commercial
Previous Owner $10,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 Sold $285,000 +3.6% $139 / Sq Ft
03/18/2025 03/18/25 For Sale $275,000 -15.4% $134 / Sq Ft
09/13/2022 09/13/22 Sold $325,000 -13.3% $68 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
06/22/2022 06/22/22 Price Changed $375,000 -6.0% $78 / Sq Ft
05/07/2022 05/07/22 For Sale $399,000 -- $83 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

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 $4,597 $189,100 $77,500 $111,600
2023 $4,459 $189,100 $77,500 $111,600
2022 $3,952 $189,100 $77,500 $111,600
2021 $5,217 $158,100 $42,700 $115,400
2020 $5,233 $158,100 $42,700 $115,400
2019 $5,143 $158,100 $42,700 $115,400
2018 $4,806 $158,100 $42,700 $115,400
2017 $4,749 $158,100 $42,700 $115,400
2016 $3,663 $127,500 $55,400 $72,100
2015 $3,729 $127,500 $55,400 $72,100
2014 $4,034 $127,500 $55,400 $72,100
2013 $3,824 $127,500 $55,400 $72,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4908691

PrimeMLS

APN: NWPT-000114-119000