124 Prospect Street

Closed 6/14/21

Last Sold Price

$150,000

5 beds3 baths3,224 sqft$47/sqft

124 Prospect St, Newport, VT 05855

Description

Great investment opportunity with this nicely maintained and renovated 3-unit apartment building. Well established income producing property with superb long term tenants (Unit #3, 24+ years). Low maintenance with updated vinyl siding & windows, shingled roof, electrical, plumbing, hard wired smoke detectors, heating system, blown-in insulation in 2021, etc. Unit #1 is the largest of the units with 3 bedrooms and 1 bath on two levels. Unit #2 is on the ground level with one bedroom and access to...Great investment opportunity with this nicely maintained and renovated 3-unit apartment building. Well established income producing property with superb long term tenants (Unit #3, 24+ years). Low maintenance with updated vinyl siding & windows, shingled roof, electrical, plumbing, hard wired smoke detectors, heating system, blown-in insulation in 2021, etc. Unit #1 is the largest of the units with 3 bedrooms and 1 bath on two levels. Unit #2 is on the ground level with one bedroom and access to a private enclosed rear porch. Unit #3 is a second floor one bedroom unit with access to a private enclosed porch. Each unit includes the kitchen appliances and access to common washer/dryer hookups in the basement. Great location on the outskirts of downtown, walking distance to all amenities and is a great income producing property with financials available.

LISTING CLOSED: 06/14/2021 12:00 AM

Listed by Ryan Pronto • Jim Campbell Real Estate

Sold By Century 21 Farm & Forest

Property Details for 124 Prospect Street

Status

Closed

MLS #

4854347

Days on Market

Taxes

$3,707 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi Family

Year Built

1890

Lot Size

0.09 AC / 3,920 SF

County

Orleans County

Parking

Driveway

Zoning

Newport

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Location

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Building Information for 124 Prospect Street

Stories2Residences3Year Built1890Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

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$1,071 per month

30 year fixed, 6.55% Interest

Principal and Interest

$762

Property Taxes

$309

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 124 Prospect Street

Summary

Location and General Information

Area Description: In Town, Near Shopping
City: Newport City

County: VT-Orleans
Directions: Main St. Newport to Third Street. Follow to the intersection of Prospect St and turn right. This property is the second on the right.
Latitude: 44.932957416440324
Longitude: -72.211465271163945
Road Frontage: Yes
Seasonal: No
State: VT
Street Designation: Street
Zip: 05855

Taxes and HOA Information

SPAN Number: 435-136-15260
Tax - Gross Amount: $3,707.02

Tax Year: 2021
Tax Year Notes: 2020-21
Taxes TBD: No

School Information

School - High: North Country Union High Sch
School - District: Orleans Essex North

School - Elementary: Newport City Elementary
School - Middle/Jr: North Country Junior High

Parking

Garage: No
Driveway: Paved

Property

Lot Information

Lot - Sqft: 3920.0
Lot Size Acres: 0.09

Road Frontage Length: 51.0
Square Feet Apx Finished Above Grade: 3224.0
Square Feet Apx Finished AG Source: Public Records
Square Feet Apx Finished Below Grade: 0.0
Square Feet Apx Total: 4957.0
Square Feet Apx Total Finished: 3224.0
Square Feet Apx Unfinished Above Grade: 0.0
Square Feet Apx Unfinished Below Grade: 1733.0
Square Feet Apx Unfinished BG Source: Public Records

Property and Assessments

Current Use: No
Property Class: Multi-Family

Construction Status: Existing
Easements: No
Flood Zone: No
Foundation: Brick, Granite, Stone
PreConstruction: No
ROW - Parcel Access: No
ROW to other Parcel: No
Surveyed: Unknown
Year Built: 1890

Utilities

Electric Company: VEC
Cable Company: Comcast

Fuel Company: Freds
Electric: Circuit Breaker(s)
Sewer: Public
Utilities: Cable - Available, High Speed Intrnt -Avail, Telephone Available
Total Gas Meters: 0
Total Electric Meters: 4
Separate Utilities: Varies

Interior and Exterior Features

Exterior Features

Color: Gray
Features - Exterior: Porch - Enclosed

Roads: Paved, Public
Roof: Shingle - Asphalt
Total Ranges: 3

Interior Features

Basement: Yes
Basement Access Type: Interior

Basement Description: Full, Storage Space, Unfinished
Total Full Baths: 3
Flooring: Carpet, Hardwood, Vinyl
Heat Fuel: Oil
Heating: Hot Water, Radiator
Cooling: None
Total Refrigerators: 3
Total Rooms Above Ground: 14
Total Stories: 2.5
Total Water Heaters: 1
Trash: Cans, Owner

Multi Family

Income & Expenses Information

Gross Income: $25,200.00
Net Income: $17,141.00

Operating Expense Incl: Heat, Utilities, Water/Sewer
Operating Expense: $8,058

Multi-Family Information

Total Units: 3
Total 1 BR Units: 2

Total 2 BR Units: 0
Total 3+ BR Units: 1
Total Heat Units: 1

Unit Information

Unit 1

Unit 1 Baths: 1
Unit 1 Bedrooms: 3

Unit 1 Rental Agremnt: Yes
Unit 1 Lease Term: Month to Month
Unit 1 Level Number: 1 & 2
Unit 1 Rental Amt Freq: Monthly
Unit 1 Status: Leased
Unit 1 Apx Sqft: 1742.0
Unit 1 Rooms: 6
Unit 1 Rental Amount: $750.00
Unit 1 Tenant Pays: Electric, Internet Service
Unit 1 Info: Appliances Included, Heat Included, Porch, Range - Electric, Refrigerator

Unit 2

Unit 2 Lease Term: Month to Month
Unit 2 Baths: 1

Unit 2 Rooms: 4
Unit 2 Rental Agremnt: Yes
Unit 2 Status: Leased
Unit 2 Level Number: 1
Unit 2 Rental Amt Freq: Monthly
Unit 2 Apx Sqft: 695.0
Unit 2 Bedrooms: 1
Unit 2 Rental Amount: $650.00
Unit 2 Info: Appliances Included, Heat Included, Porch - Screened, Range - Electric, Refrigerator
Unit 2 Tenant Pays: Electric, Internet Service

Unit 3

Unit 3 Lease Term: Month to Month
Unit 3 Baths: 1

Unit 3 Rooms: 4
Unit 3 Rental Agremnt: Yes
Unit 3 Level Number: 2
Unit 3 Rental Amt Freq: Monthly
Unit 3 Status: Leased
Unit 3 Apx Sqft: 787.0
Unit 3 Bedrooms: 1
Unit 3 Rental Amount: $700.00
Unit 3 Info: Appliances Included, Heat Included, Porch - Screened, Range - Electric, Refrigerator
Unit 3 Tenant Pays: Electric, Internet Service

Rental

Rent Information

Total Leases: 3

Property History for 124 Prospect Street

Date	Event & Source	Price	Appreciation
Jun 14, 2021	Sold New England Real Estate Network #4854347	$150,000	—
Jun 14, 2021	Pending New England Real Estate Network #4854347		—
Apr 7, 2021	Listed (Active) New England Real Estate Network #4854347	$159,000	—
Nov 4, 2013	Sold (Public Record) Public Record #380237119	$122,000	—

Date	Event & Source	Price
06/14/2021	Sold New England Real Estate Network #4854347	$150,000
06/14/2021	Pending New England Real Estate Network #4854347	—
04/07/2021	Listed (Active) New England Real Estate Network #4854347	$159,000
11/04/2013	Sold (Public Record) Public Record #380237119	$122,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 124 Prospect Street

Taxable ValueLand$15,000Additions$114,300Total$129,300

Tax Record2022$3,857 ($321 / month)

Home Facts

Baths3Total Finished SqFt3,224 SqFtAbove Grade Finished SqFt3,224 SqFtStories2Lot Size3,920 SqFtStyleTriplexYear Built1890ZoningURCountyORLEANSAPN(136) 133159

Schools near 124 Prospect Street

This home is within North Country Senior Union High School District #22.


Rating	School	Type	Grades	Distance
4/10	Newport City Elementary School	Public - Serves this home	PK to 6	1.2 mi
4/10	North Country Junior Uhsd #22	Public - Serves this home	7 to 8	4.1 mi
5/10	North Country Senior Uhsd #22	Public - Serves this home	9 to 12	1.0 mi
NR	North Country Career Center	Public - Choice school	9 to 12	1.0 mi
NR	United Christian Academy	Private - Nearby school	K to 12	0.2 mi
NR	Sacred Heart School	Private - Nearby school	PK to 8	0.3 mi


Rating	School	Distance
4/10	Newport City Elementary School PublicPK to 6 Serves this home	1.2 mi
4/10	North Country Junior Uhsd #22 Public7 to 8 Serves this home	4.1 mi
5/10	North Country Senior Uhsd #22 Public9 to 12 Serves this home	1.0 mi
NR	North Country Career Center Public9 to 12 Choice school	1.0 mi
NR	United Christian Academy PrivateK to 12 Nearby school	0.2 mi
NR	Sacred Heart School PrivatePK to 8 Nearby school	0.3 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 124 Prospect Street, Newport, VT 05855	$150,000	5	3	3,224	3,920
112 Prospect Street, Newport, VT 05855	$50,000	3	2	1,666	3,920
140 Prospect Street, Newport, VT 05855	$133,000	3	2	2,158	6,534
43 Pleasant Street, Newport, VT 05855	$85,000	4	2	3,100	7,840
110 Prospect Street, Newport, VT 05855	–	3	3	3,031	4,792
152 Prospect Street, Newport, VT 05855	$365,000	4	4	2,586	8,276
135 Prospect Street, Newport, VT 05855	$88,000	–	2	2,620	10,454
115 Prospect Street, Newport, VT 05855	$320,000	4	5	2,489	10,018
55 Pleasant Street, Newport, VT 05855	$65,000	–	2	2,236	5,663
9 Cottage Street, Newport, VT 05855	$71,250	6	7	3,092	5,662
152 3rd Street, Newport, VT 05855	$104,000	–	3	3,307	6,970
- Prospect Street, Newport, VT 05855	$57,000	4	2	–	0
36 Pleasant Street, Newport, VT 05855	$90,000	–	2	2,176	5,663
18 Pleasant Street, Newport, VT 05855	–	2	2	1,311	1,742
158 3rd Street, Newport, VT 05855	$102,500	5	3	2,059	3,484
117 3rd Street, Newport, VT 05855	$155,000	–	5	3,110	4,792

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Listing Courtesy of Jim Campbell Real Estate

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 08/05/2026 11:37 AM

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