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Renovated Two-Unit Duplex
For Sale
$249,000
Pending

35 Spring Street, Newport, VT 05855

Updated residential income property with separate utilities, refreshed interiors, and a paved driveway on a spacious lot.

Property Size2,046 SF
Lot Size0.24 Acres
Days on Market230

Property Features for 35 Spring Street

General Information

Standard status Pending
Size 2,046 SF
Lot size 0.24 Acres
Property subtype Multi Family
Zoning Yes - Newport City

Units

Unit Mix 1 x 2BR/3/4BA, 1 x 1BR/3/4BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,635

Amenities

Direct Vent, Gas Heater, Vented Gas Heater, 2 Stoves
Yes
Carpet, Hardwood, Laminate, Vinyl
1.75
2
Interior
Insulated, Unfinished
Metal
Beige
Wood Frame, Vinyl Exterior, Vinyl Siding

Building Details

Year Built 1900
Stories 2
Listing Agency: Jim Campbell Real Estate
Listed By: Craig Crawford
Source: Compass
Added: Jan 12 Changed: Aug 29 Last Checked: Aug 29 at 5:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jim Campbell Real Estate

Investment Insights

Based on property information with market context.

This Newport duplex contains two residential units with separate electrical panels and hardwired smoke and carbon monoxide detectors. The first-floor unit includes an equipped kitchen, living and dining areas, two bedrooms, a 3/4 bathroom, and hardwood flooring. Upstairs, the second unit offers an equipped kitchen, living area, one bedroom, and a 3/4 bathroom.

Renovations include updated plumbing with washer and dryer hookups, spray foam insulation in the basement and crawl space, refreshed kitchens, bathrooms and appliances, fire-rated sheetrock, new flooring, and refinished hardwood in the first-floor unit. Heating consists of a hot air system for the first floor and two gas-vented Rinnai units serving the second floor. The property also features a metal roof, vinyl siding, and a paved driveway.

Built in 1900, the property measures 2,046 square feet on a 0.24-acre lot and is identified with Newport City zoning. The seller is willing to pay for conversion back to a single-family residence for qualified purchasers.

Key Highlights

  • Two‑unit duplex with 2,046 square feet on a 0.24‑acre lot
  • Separate electrical panels and hardwired smoke/carbon monoxide detectors for each unit
  • Updated plumbing includes washer and dryer hookups

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Parking Lot & Garage Storage Facility Garden Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

266
Businesses Nearby

Demographics for 05855, VT

7,388
Population
3,880
Households
1.9
Avg Household Size
46
Median Age
25%
College-Educated
90%
High-School Grad
59.1 sq mi
ZIP Area
125
Density / Sq Mi
$57,611
Median Household Income
$34,381
Median Earnings
$866
Median Rent
$194,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Updated residential income property with separate utilities, refreshed interiors, and a paved driveway on a spacious lot.
Where is this duplex located?
The property is located at 35 Spring Street Newport, VT.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,046 square feet on a 0.24‑acre lot; Separate electrical panels and hardwired smoke/carbon monoxide detectors for each unit; Updated plumbing includes washer and dryer hookups
More about this property
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