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    Updated Duplex with Two 3BR Units Title is generated by Realmo AI

    608 E Main Street, Newport City, VT 05855

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    For Sale
    $300,000

    MULTI_FAMILY - Colonial - Newport City, VT

    Property size:
    2,688 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $111/SF
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 3:06 pm

    Property Features for 608 E Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Newport
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6, Basement
    Standard status
    Active
    Size
    2,688 SF
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3674

    Utilities

    Utilities
    Propane
    Heating system
    Propane (Heating), Baseboard, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1880
    Floors in Building
    2
    Number of units
    2
    Building materials
    Aluminum Siding
    Roof type
    Shingle
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Tina Leblond

    Listing agent Tina Leblond

    Listing office Big Bear Real Estate 4356 VT Rte 100., Troy, VT

    Listing date Jun 1, 2026

    MLS# 5091976 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Updated duplex (Colonial, year built 1880) with 2 spacious units, each offering 3 bedrooms and 1.5 baths
    • Both units include main‑level kitchen, living room, dining room, half bath, and access to a screened‑in back porch
    • Upstairs includes three bedrooms and a full bathroom per unit, with HW refinished floors, tin ceilings, and original woodwork
    • Major improvements include brand‑new roof, updated electrical systems, fresh paint, and upgraded propane heating systems for both units
    • Additional space includes attic access and a full basement for ample storage
    • Utilities and water: propane utilities; public water source

    Overview

    This updated duplex in Newport City offers two spacious residential units, each configured with three bedrooms and 1.5 baths. Both units include a bright kitchen, living room, dining room, a half bath, and access to a screened-in back porch from the main level. Upstairs, each unit has three bedrooms and a full bathroom, with modern updates throughout while preserving features such as refinished hardwood floors, tin ceilings, and original woodwork. The property also includes a full basement with additional storage and attic access. Recent improvements listed for the property include a brand-new roof, updated electrical systems, propane heating systems for both units, fresh paint, and numerous additional upgrades intended to support a move-in-ready condition.

    The home is located at 608 E Main Street in Newport City and is described as being in the heart of the community, with walking distance to schools, convenience stores, and downtown amenities. The property also features a covered front porch, a spacious backyard for entertaining, and easy parking.

    For tenants or owner-occupants, the layout supports live-in-and-rent use, with one unit occupied and the second unit generating rental income. The dual-unit configuration, updated systems, and indoor-outdoor living spaces make it a practical fit for those seeking a turnkey residential income property in Newport City.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Newport City
    County
    Orleans
    State
    Vermont
    Longitude
    -72.19161244
    Latitude
    44.9429342

    FAQs

    What type of property is this?
    Duplex - Turnkey Newport duplex offering two updated 3-bedroom, 1.5-bath units with basements, porches, and screened outdoor space.
    Where is this duplex located?
    The property is located at 608 E Main Street Newport City, VT.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Updated duplex (Colonial, year built 1880) with 2 spacious units, each offering 3 bedrooms and 1.5 baths; Both units include main‑level kitchen, living room, dining room, half bath, and access to a screened‑in back porch; Upstairs includes three bedrooms and a full bathroom per unit, with HW refinished floors, tin ceilings, and original woodwork
    (802) 744-6844
    We can help!
    Listing Contact
    Tina Leblond
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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