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    Property profile & analytics

    57 2nd St Newport, PA 17074-1502

    • Investment properties
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $140,000
    Last Sale
    Mar 04, 2024
    $130,000
    Location Intelligence
    Property ID
    US73-1346152
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 57 2nd St

    Lot size
    0.19 lot acres
    Zone code
    PCBD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    190,046.04-083.000
    APU
    19004604083000

    Description

    This exceptional mixed-use property at 57 N 2nd Street, Newport, PA, presents a unique investment opportunity. Built in the 1830s, this 8,276 square foot building sits on a 0.19-acre lot and offers a blend of residential and commercial potential. Currently configured with one completed 1-bedroom residential unit featuring a private kitchen and bath, the property also includes space for up to three additional residential units on the second and third floors. The layout is adaptable and could easily accommodate a bed and breakfast, Airbnb, or other multi-family residential use. Two commercial spaces are also available, perfect for retail or a restaurant. The sale includes a liquor license and numerous recently purchased pieces of restaurant equipment, along with a fully furnished bar. Architectural drawings are available upon request. The property has recently undergone an inspection of the grille hood. Please note that the buyer is responsible for all costs associated with obtaining any necessary zoning, code, and engineering permits. The seller is willing to consider financing options. This is a rare chance to acquire a piece of Newport's history and create a thriving business or residential complex. Priced at $629,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $160,000
      6.5%
      $145,000
      7%
      $155,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $165,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $140,000
      Retail
      $160,000
      Mixed-Use
      $170,000
      Hospitality
      $145,000
      Educational
      $130,000
      Residential Income
      $165,000
      Energy
      $170,000
      Income-Based Land
      $160,000
      Food Service
      $150,000

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Perry
    State
    Pennsylvania
    Longitude
    -77.1318
    Latitude
    40.4785
    CBSA code
    25420
    CBSA name
    HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,058
    $11,600
    $108,300
    $119,900
    -
    $11,600
    $108,300
    $119,900

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      43 4th St 78th S St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.19 Acres
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      View Details
    • Value Estimation by Request
      1,296 SF

      30 4th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,296 SF
      30 4th St, Newport, PA 17074-1101
      View Details
    • Value Estimation
      $355,000
      0.15 Acres

      Fickes Ln 201st Fickes Ln Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 0.15 Acres
      Fickes Ln 201st Fickes Ln Ln, Newport, PA 17074
      View Details
    • Value Estimation
      $280,000
      0.10 Acres

      2nd St 16th N St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.10 Acres
      2nd St 16th N St, Newport, PA 17074
      View Details
    • Value Estimation
      $195,000
      0.05 Acres

      13 2nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.05 Acres
      13 2nd St, Newport, PA 17074-1402
      View Details
    • Value Estimation
      $225,000
      0.07 Acres

      28 2nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.07 Acres
      28 2nd St, Newport, PA 17074-1401
      View Details

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    Similar Nearby for Lease

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      Commercial Land Near Newport Plaza

      Commercial land with high visibility and access for lease.
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    57 2nd St
    Newport, PA 17074-1502
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
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