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Under ContractMulti Family Home $800,000 | $182 per sq.ft.
7 Unit Multi Family Home,
150 S Main Street Newport NH
With 2 - One Bedroom Units | 4 - Two Bedroom Units | 1 - Three Bedroom Units
| MLS# 5068481 -
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Listed by Rich Racine RE/MAX Innovative Properties rich@racinerealtyteam.com on November 4th 2025
DESCRIPTION
Investment Opportunity: Fully Updated 7-Unit Multifamily Property Seize this turnkey income-producing asset in the heart of Newport, New Hampshire. This expansive 7-unit multifamily building offers modernized living spaces, strong cash flow potential, and low-maintenance operations--ideal for the savvy investor. Property Highlights: 7 Spacious Units - All fully renovated with contemporary upgrades, including: New flooring throughout, Modernized kitchens with updated cabinetry, countertops, and appliances. Fully remodeled bathrooms Updated plumbing and electrical fixtures for efficiency and safety. Large Building Footprint with abundant on-site parking for tenants and guests On-Site Dumpster for convenient waste management Tenant-Paid Utilities (heat, electric, hot water) - maximizing owner profitability. Strong rental history in a stable residential market. Prime Location: Situated on vibrant South Main Street, residents enjoy walkable access to downtown Newport's charming shops, cafes, and services. Just minutes from: Newport Golf Club - a scenic 18-hole public course. Mount Sunapee Resort - 20 minutes away for world-class skiing and year-round adventure Lake Sunapee - boating, fishing, and lakeside recreation. Dartmouth-Lake Sunapee Region - cultural events, hiking, and seasonal festivals With all major updates completed and tenant-paid utilities, this property delivers immediate income with minimal deferred maintenance. Property to be shown Sunday 11/9/25 from 10-12
Appliances : Electric Water Heater | Owned Water Heater
Gross Income : $115800
Net Income: $ -
UNIT 1 INFORMATION
Beds: 3Baths: 2Rooms: 0Level: 1Info : CO Detector,Electric Cooktop,Dishwasher,Gas Heat,Porch,Electric Range,Refrigerator,Smoke Detector,Water HeaterTenant Pays : Electric,Heat,Hot WaterRent : 1700.00 MonthlyLease Term : Annual Signed Lease : Yes Status : Leased
UNIT 2 INFORMATION
Beds: 1Baths: 1Rooms: 0Level: 2Info : CO Detector,Electric Cooktop,Gas Heat,Electric Range,Refrigerator,Smoke DetectorTenant Pays : Electric,Heat,Hot WaterRent : 1300.00 MonthlyLease Term : Annual Signed Lease : Yes
UNIT 3 INFORMATION
Beds: 2Baths: 1Level: 2Rent : 1500.00 MonthlyStatus : Leased
UNIT 4 INFORMATION
Beds: 1Baths: 1Level: 1Info : CO Detector,Electric Cooktop,Gas Heat,Electric Range,Smoke DetectorRent : 1000.00 MonthlyStatus : Leased
UNIT 5 INFORMATION
Beds: 2Baths: 1Rooms: 0Info : CO Detector,Electric Cooktop,Gas Heat,Electric Range,Smoke DetectorRent : 1400.00 MonthlySigned Lease : Yes
UNIT 6 INFORMATION
Beds: 2Baths: 1Rent : 1350.00 MonthlySigned Lease : Yes Status : Leased
UNIT 7 INFORMATION
Beds: 2Baths: 1Info : CO Detector,Electric Cooktop,Gas Heat,Electric Range,Smoke DetectorRent : 1400.00 -
CONSTRUCTION
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Wood Frame | Vinyl Siding Exterior Color : Light Blue
Year Built: 1910
No. of Floors: 2
Total Sq.Ft. Finished: 4388
Above Grade Sq.Ft.: 4388
Price Per SQ.FT.: $182.32
Basement: Concrete | Unfinished | Walkout | Interior Access | Exterior Access
Heating: Direct Vent | Vented Gas Heater
Cooling: None
Electric: 200+ Amp Service
Trash: Dumpster
Utilities: Cable
Electric Meters: 8
Style: Multi-Family
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Seasonal: No
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LAND INFORMATION
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Major Road Frontage | In Town | Near Public Transportatn
Lot size: 0.45 acres
Zoned: PBD10PROF BUS DIST)
Surveyed: Unk
Flood Zone: No
Driveway: Dirt
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ADDITIONAL INFORMATION
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Taxes $0 | Assesed Value $0 in
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AREA INFORMATION
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School District: Newport Town School District
Elementary School: Richards Elementary School
Middle School: Newport Middle and High School
High School: Newport Middle High School -
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