Property Description

Rare opportunity?own a turn-key ready and fully furnished 4-unit multi-family residence with lake views in Newport, Vermont. This exceptional property generates approx. $91K in annual rental income, with flexibility to occupy one unit. The primary living area spans nearly 3,600 sq. ft. across two levels, featuring 3 generous bedrooms and 3.5 bathrooms, each thoughtfully designed for privacy and convenience. Highlights include cathedral ceilings, a dedicated office area, direct access from the heated 3-bay garage, and seamless entry to a spacious deck and gazebo. Suite 2 is positioned above the garage and offers wood vaulted ceilings, a private balcony, and two guest rooms. Suite 3 is a well-appointed studio with one guest room, while Suite 4 includes two guest rooms. All units provide private laundry and secure separation, with the option to combine spaces for expanded living if desired. Documented financials are available. Suites 3 and 4 have a history of long-term occupancy, while Suite 2 and the main residence have consistent short-term rental performance. Additional amenities include radiant floor heating, mini-split cooling systems, whole-house generator, supplemental heating source, storage space, pavilion, and a putting green. Conveniently located just minutes from downtown amenities, dining, and shopping, this versatile property is well-suited for investment, multi-generational living, or potential hospitality use.

Property Features

Units

Local Schools