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35 Spring Street, Newport City, VT, 05855 | $249,000
Income opportunity is knocking! Come see for yourself the opportunities that await at this 2-unit investment property on a spacious . 24 acre lot in Newport City. Tons of renovations have been completed by current owners since purchasing the property in 2014 to include; new electrical with hardwired smoke/carbon detectors providing each unit with separate panels, new plumbing with W/D hookups, hot air heating system for the first floor unit and 2 gas vented Rinnai units in the 2nd floor unit, spray foam insulation in the basement and crawl space, updated kitchens, baths and appliances, fire rated sheetrock, new flooring and refinished hardwood in the first floor unit. Additional features include a metal roof, vinyl siding, paved driveway and much much more. The first floor unit consists of a fully applianced kitchen, large living/dining area with hardwood flooring and several windows allowing for plenty of natural light, 2 bedrooms and a 3/4 bathroom. The second story unit offers another fully applianced kitchen, living area, bedroom and 3/4 bathroom. The first floor unit currently rents for $950. 00 while the 2nd story rents for $850. 00 w/ owner paying for heat, trash, lawn care and W/S for both units. Come take a look today for yourself and see all this property has to offer. Seller is willing to pay to convert the property back to a single family residence for qualified purchasers. For financing details, please see attached documentation.
Features
- Rooms: 7
- Bedrooms: 3
- Baths: 2 full
- Units: 2
- Style: A Frame,Duplex
- Year Built: 1900
- Heating: Direct Vent,Gas Heater,Vented Gas Heater,2 Stoves
- Cooling: None
- Basement: Insulated,Unfinished
- Approx Sq. Feet: 2,046
- Acreage: 0.24
- Est. Taxes: $2,635
- Lot Desc: Level,In Town
- Elem. School: Derby Elementary
- Middle School: North Country Junior High
- High School: North Country Union High Sch
- School District: North Country Supervisory Union
- MLS#: 5073702
- Website: https://www.raveis.com
/prop/5073702/35springstreet_newportcity_vt?source=qrflyer
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 PrimMLS. 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 3/16/2026Listing courtesy of Jim Campbell Real Estate Phone: 802-334-3400
Listing Agent: Craig Crawford
William Raveis Family of Services
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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617.320.5687
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Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
35 Spring Street, Newport City, VT, 05855
$249,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $199,200 | $199,200 | $199,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.296% | 6.406% | 5.668% |
| Monthly Tax Payment | $220 | $220 | $220 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,162 | $1,227 | $1,614 |
| Total Monthly Payment | $1,457 | $1,522 | $1,909 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484