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$1,675,000 | $199 per sq.ft. A 12  Unit Multi Family Home, in Newport NH With 11 - One Bedroom Units | 1 - Two Bedroom Units MLS# 5077956


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Listed by Matthew LefebvreDowntown Realty on March 2nd 2026

DESCRIPTION

Introducing Newport Heights; a 12-unit multifamily investment property located at 524 Sunapee Street in Newport, New Hampshire. Offered at $1,675,000, this well-maintained apartment building features a diversified unit mix of studio, 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 to all residential units and common areas, enhancing both interior finishes and overall tenant experience. Additional upgrades include a roof replacement, electrical service and panel upgrades, plumbing improvements, and the installation of electronic locks on unit doors, reducing near-term capital expenditure needs for future ownership. Mechanical systems consist of oil-fueled forced hot water baseboard heat, offering efficient and reliable building-wide heating. 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. Sold as a package with 37-45 Pleasant Street, Claremont, NH. Broker Interest. Financials available upon execution of NDA.

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CONSTRUCTION
Wood Frame | Vinyl Siding | Exterior Color Tan | Year Built: 1920
No. of Floors:3
Total Sq.Ft. Finished: 8424
Above Grade Sq.Ft.: 8424
Apx Below Grade Unfinished Sq.Ft.: 3244
Price Per SQ.FT. 198.84
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
LAND LOT INFORMAITION
Lot Description: City Lot
Lot size: 0.31 acres
Zoned: Light Commercial
Surveyed: Unk
Flood Zone: No
Driveway: Paved
PROPERTY INFORMATION
Taxes $16,241
AREA INFORMATION
Coldwell Banker Homes Unlimited Real Estate
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