524 Sunapee ST, Newport, NH 03773
524 Sunapee ST, Newport, NH 03773
524 Sunapee ST, Newport, NH 03773
524 Sunapee ST, Newport, NH 03773
524 Sunapee ST, Newport, NH 03773
524 Sunapee ST, Newport, NH 03773
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Tim Cheney

Tim Cheney

+1(207) 200-3637
Listed by Matthew Lefebvre • Downtown Realty
$ 1,675,000
Est. payment | /mo

8,424 SqFt

Save
$ 1,675,000
Est. payment | /mo
Save

8,424 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,424 sqft

Price per Sqft $198

MLS Listing ID 5077956

Construction Status Existing

Year Built 1920

Annual Tax Amount $16,241

Tax Year 2025

Lot Size 0.310 Acres

Acres 0.31

Property 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.

Location

State NH

County Nh-sullivan

Area Nh-Sullivan

Zoning Light Commercial

Rooms

Basement Entrance Interior

Basement Concrete Floor, Full, Partially Finished

Interior

Cooling None

Exterior

Utilities Available Other

Roof Type Membrane

Building

Story 3

Sewer Public

Architectural Style Apartment Building, Multi-Family, Multi-Level

Construction Status Existing

PrimeMLS
Tim Cheney

"My passion is learning the "why?" behind making a real estate move so together we can define your goals then achieve the best possible outcome!"

+1(207) 200-3637

tim@timcheneyrealtor.com

875 Greenland Rd Suite B9, Portsmouth, NH, 03801-4161, USA

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524 Sunapee ST