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    Turn-Key 4-Unit Residential Income Title is generated by Realmo AI

    29 Campbell Road, Newport City, VT 05855

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    For Sale
    $725,000

    MULTI_FAMILY - Contemporary - Newport City, VT

    Property size:
    8,500 SF
    Lot size:
    1.05 Acres
    Price / SF:
    $85/SF
    Added:
    Apr 8, 2026
    Days on Market:
    58
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 29 Campbell Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    GR
    Bathrooms
    7
    Rooms
    Bathroom 6, Basement, Bathroom 4, Bathroom 7, Bathroom 5, Bathroom 1, Bathroom 3, Bathroom 2
    Parking features
    Open, Driveway, Garage
    Patio and Porch features
    Porch, Patio, Deck
    Exterior features
    Balcony, Deck, Garden Space, Gazebo, Natural Shade, Outbuilding, Patio, Covered Porch, Shed, Storage, Double Pane Window(s)
    Appliances
    Heat Pump Water Heater, Oil Water Heater, Water Heater off Boiler
    Standard status
    Active
    Size
    8,500 SF
    Lot size
    1.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    15056

    Utilities

    Utilities
    Propane
    Heating system
    Oil, Radiant Floor, Pellet Stove, Radiant, Heat Pump (Heating), Baseboard
    Cooling system
    Zoned, Ductless
    Water source
    Public

    Building Details

    Year built
    2002
    Floors in Building
    3
    Number of units
    4
    Flooring type
    Tile, Vinyl, Laminate, Hardwood
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Contemporary
    Additional Structures
    Storage, Outbuilding, Gazebo

    We can help!

    Listing Contact
    Ryan Pronto
    Ryan Pronto

    Listing agent Ryan Pronto License #0810063392

    Listing office Jim Campbell Real Estate 601 East Main Street, Newport, VT

    Listing date Apr 8, 2026

    MLS# 5082522 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

    • 4‑unit multi‑family residence built in 2002 with nearly 3,600 sq. ft. across two levels and lake views
    • Approx. $91K in annual rental income with flexibility to occupy one unit; documented financials available
    • Heated 3‑bay garage with direct access into the primary living area, plus deck and gazebo off the entry
    • Radiant floor heating and zoned ductless mini‑split cooling; multiple heating sources including oil and pellet stove
    • Each unit includes private laundry with secure separation; Suite 2 includes a private balcony and two guest rooms
    • Whole‑house generator plus storage and an outbuilding/shed; paved open driveway and attached garage parking

    Overview

    A turn-key ready, fully furnished 4-unit multi-family residence configured for privacy across separate suites. The main living area spans nearly 3,600 square feet across two levels, with 3 bedrooms and 3.5 bathrooms, cathedral ceilings, and a dedicated office area. Direct access connects to a heated 3-bay garage, with seamless entry to a spacious deck and gazebo. Suite 2 sits above the garage and features 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. Each unit includes private laundry and secure separation, and the layout allows for potential space combining for expanded living if desired. Additional improvements include radiant floor heating, mini-split cooling systems, a whole-house generator, supplemental heating, storage space, a pavilion, and a putting green.

    The property is located in Newport City, Vermont, just minutes from downtown amenities, dining, and shopping. The home is described as offering lake views.

    This asset is well-suited for buyers seeking income-producing residential units with flexible occupancy options, including the ability to occupy one unit while operating the others. It may also fit multi-generational households or operators looking for a residential setup that can support hospitality-style use, based on the documented rental history referenced for the suites.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Newport City
    County
    Orleans
    State
    Vermont
    Longitude
    -72.23602481
    Latitude
    44.94602841

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    FAQs

    What type of property is this?
    Quadplex - Four furnished suites with private laundry and separation, plus radiant heat, mini-split cooling, and a heated 3-bay garage.
    Where is this quadplex located?
    The property is located at 29 Campbell Road Newport City, VT.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: 4‑unit multi‑family residence built in 2002 with nearly 3,600 sq. ft. across two levels and lake views; Approx. $91K in annual rental income with flexibility to occupy one unit; documented financials available; Heated 3‑bay garage with direct access into the primary living area, plus deck and gazebo off the entry
    (802) 334-3400
    We can help!
    Listing Contact
    Ryan Pronto
    Ryan Pronto
    Real Estate License ID: 0810063392
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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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