38 Summer Street Newport NH Multi Family For Sale $349500

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38 Summer Street Newport NH
Listed by Susan Latham Century 21 Highview Realty

Description:

Coming Soon! Great opportunity for investors! Strong rental history. This property has had so many upgrades over the past year. There really isn't much for the new owner to do. Unit 2 completely rehabbed, unit 1 was upgraded with paint, flooring, washer/dryer. 2 new ranges, commercial sump pump system, awning covers over front and rear doors of unit 1. Porch roof reshingled,trim and porch painted, driveway paved this month, easy care vinyl siding and windows, and more. Easy access to downtown Newport, Vail Resort and Lake Sunapee and major routes. Minimum 24 hour notice toshow, 48 preferred. Showings begin on 05/23/2026. Operating Expenses : Heat,Insurance,Trash,Utilities,Water/Sewer

Annual Expenses

Taxes: $6,586

Income
Gross Income | $43,200
NetIncome | $23,945

Appliances : Water Heater off Boiler

Unit Information:

UNIT 1

Beds: 3
Baths: 1
Rooms: 6
Level: 1 & 2
Info : CO Detector,Deck,Dryer,Heat Included,Electric Range,Refrigerator,Smoke Detector,Washer
Tenant Pays : Electric,Internet Service,Snow Removal,TV Service
Rent : 1700.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to Month

UNIT 2

Beds: 2
Baths: 1
Rooms: 6
Level: 1 & 2
Info : CO Detector,Den,Heat Included,Porch,Electric Range,Refrigerator,Smoke Detector
Tenant Pays : Electric,Ground Maintenance,Internet Service,Snow Removal,TV Service
Rent : 950.00 Bi-Weekly
Lease Term : Annual
Signed Lease : Yes

Construction Information:

Construction: Wood Frame
Year Built: 1926
Style: Cape
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3312
Above Grade Sq.Ft.: 2310
Basement: Unfinished

Roof: Metal | Asphalt Shingle
Seasonal: No

Heating: Propane | Hot Water
Cooling: None
Electric: Circuit Breaker(s)
Trash: Dumpster
Utilities: Cable Available | Satellite
Electric Meters: 2
Water: Public
Sewer: Public

Additional Information

Block - 0
Taxes $6,586
Assesed Value Not Reported

Schools
School District: Newport School District
Elementary School: Richards Elementary School
Middle School: Newport Middle and High School
High School: Newport Middle High School

565 Maple Street, White River Junction, Vermont. 05001 802-295-1355
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