659 7th St Newport, TN 37821
Newport AreaEstimated payment $1,370/month
Highlights
- No HOA
- Front Porch
- Luxury Vinyl Tile Flooring
- Newport Grammar School Rated A-
- Ductless Heating Or Cooling System
- Ceiling Fan
About This Home
Great Opportunity for Investors or buyers wanting a turnkey rental!
Fully leased duplex generating $1400/per month with documented rental history and consistent occupancy for the past two years. Each renovated 1 bedroom, 1 bath unit features modern, neutral finishes, vinyl plank flooring throughout, updated kitchen cabinets and appliances. In addition, Unit 1 was a total and complete renovation including new wiring, plumbing, walls, and windows. The property has a new roof and new mini-split HVAC systems less than 3 years old. This property is conveniently located in Newport City limits within walking distance from Newport Grammar School. This property offers immediate cash flow with minimal maintenance needed. Current rents provide stable cash flow with potential for future rental growth.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,476
Year Built
- Built in 1955 | Remodeled
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 50x90x50x90
- No Common Walls
Home Design
- Duplex
- Block Foundation
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Metal Fireplace
- Luxury Vinyl Tile Flooring
- Laminate Countertops
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry on main level
- 220 Volts In Laundry
- Washer and Electric Dryer Hookup
Schools
- Newport Grammar Elementary School
- Cocke High School
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Electric Water Heater
- Cable TV Available
Additional Features
- Front Porch
- City Lot
Listing and Financial Details
- Assessor Parcel Number 056F C 00500 000
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Water Meters
- Gross Income $16,800
Map
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/05/2026 08/05/26 | For Sale | $235,000 | -- | $396 / Sq Ft |
Source: Lakeway Area Association of REALTORS®
MLS Number: 712486
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Ask me questions while you tour the home.