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$1,750,000
Multi Family Home | $208 sqft
12 Unit Multi Family Home,
524 Sunapee Street Newport NH
With 11 - One Bedroom Units | 1 - Two Bedroom Units
| MLS# 5102862 -
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Listed by Matthew Lefebvre Downtown Realty on August 1st 2026
DESCRIPTION
Introducing Newport Heights; a 12-unit multifamily investment property located near the border of Newport and Sunapee. Offered individually for sale at $1,750,000, this well-maintained apartment building features a diversified unit mix of one-bedroom, oversized one-bedroom, and two-bedroom apartments, providing broad tenant appeal and stable occupancy potential within the greater Newport market. The building has undergone significant capital improvements, including renovations of all residential units and common areas, a roof replacement, electrical service and panel upgrades, plumbing improvements, and the installation of electronic locks on unit doors. Minimal near-term capital expenditure remain for future ownership allowing for a turnkey, multifamily investment. The heating system consists of an efficient, Buderus-brand oil-fueled forced hot water boiler providing individually zoned baseboard heat throughout the building. Newport Heights benefits from functional on-site amenities, including one off-street parking space per unit and a coin-operated laundry facility that provides supplemental income. The basement also contains additional space that could be converted into tenant storage lockers, creating an opportunity for future ancillary revenue. With its recent renovations, efficient unit mix, and potential for additional income streams, Newport Heights represents a stabilized multifamily investment opportunity with operational upside in a growing Sullivan County market. Broker Interest. Financials available upon execution of NDA.
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CONSTRUCTION
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Wood Frame | Vinyl Siding Exterior Color : Tan
Year Built: 1920
No. of Floors: 3
Total Sq.Ft. Finished: 8424
Above Grade Sq.Ft.: 8424
Price Per SQ.FT.: $207.74
Basement: Concrete Floor | Full | Partially Finished
Heating: Oil | Hot Water
Cooling: None
Electric: 100 Amp Service | Circuit Breaker(s)
Utilities: Other
Electric Meters: 13
Gas_Meters: 1
Style: Apartment Building | Multi-Family | Multi-Level
Roof: Membrane
Water: Public
Sewer: Public
Seasonal: No
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LAND INFORMATION
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City Lot
Lot size: 0.31 acres
Zoned: Light Commercial)
Surveyed: No
Flood Zone: No
Driveway: Paved
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ADDITIONAL INFORMATION
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Taxes $16,241 | Assesed Value $0 in
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AREA INFORMATION
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Data last updated August 1st, 2026
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