This home's estimate is 17% lower than the average sale price ($271K) of 6 comparable homes.
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124 Prospect St, Newport, VT 05855
About this home
Great investment opportunity with this nicely maintained and renovated 3-unit apartment building. Well established income producing property with superb long term tenants (Unit #3, 24+ years). Low maintenance with updated vinyl siding & windows, shingled roof, electrical, plumbing, hard wired smoke detectors, heating system, blown-in insulation in 2021, etc. Unit #1 is the largest of the units with 3 bedrooms and 1 bath on two levels. Unit #2 is on the ground level with one bedroom and access to a private enclosed rear porch. Unit #3 is a second floor one bedroom unit with access to a private enclosed porch. Each unit includes the kitchen appliances and access to common washer/dryer hookups in the basement. Great location on the outskirts of downtown, walking distance to all amenities and is a great income producing property with financials available.
Redfin Estimate
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Market trends in 05855, VT
Last updated October 2026
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Provided by Redfin
Sale history for 124 Prospect St
$47/sq ft
$49/sq ft
$38/sq ft
Tax history for 124 Prospect St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Interior
- Virtual Tour
- Basement Information
- Basement: Yes
- Basement Access: Interior
- Multi-Unit Information
- Unit Lease Term: Month to Month
- Total Units: 3
- # of 1 Bedroom Units: 2
- # of 3+ Bedroom Units: 1
- # of Baths (full): 3
- Parking: Driveway
- Exterior Features: Porch - Enclosed
- Water: Public
- Sewer: Public
- Electric: Circuit Breaker(s)
- Construction: Wood Frame
- Foundation: Brick, Granite, Stone
- Exterior: Vinyl Siding
- Roof: Shingle - Asphalt
- Driveway: Paved
- Heating: Hot Water, Radiator
- Heat Fuel: Oil
- Cooling: None
- Flooring: Carpet, Hardwood, Vinyl
- Water Heater: Off Boiler, Oil, Tank
- Basement Description: Full, Storage Space, Unfinished
- Unit 1 Information
- Unit 1 Approximate Sq. Ft.: 1742
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 3
- Appliances Included, Heat Included, Porch, Range - Electric, Refrigerator
- Unit 1 Lease Term: Month to Month
- Unit 1 Level Number: 1 & 2
- Unit 1 Rooms: 6
- Unit 2 Information
- Unit 2 Approximate Sq. Ft.: 695
- Unit 2 Baths: 1
- Unit 2 Bedrooms: 1
- Appliances Included, Heat Included, Porch - Screened, Range - Electric, Refrigerator
- Unit 2 Level Number: 1
- Unit 2 Rooms: 4
- Unit 3 Information
- Unit 3 Approximate Sq. Ft.: 787
- Unit 3 Baths: 1
- Unit 3 Bedrooms: 1
- Appliances Included, Heat Included, Porch - Screened, Range - Electric, Refrigerator
- Unit 3 Lease Term: Month to Month
- Unit 3 Level Number: 2
- Unit 3 Rooms: 4
Exterior
- Building Information
- Construction Status: Existing
- Approximate Sq. Ft. Total Finished: 3224
- Approximate Sq. Ft. Total: 4957
- Color: Gray
- Lot, Zoning, & Easement Information
- City Lot, Level, Sidewalks
- Income Information
- Net Income: $17,141
- Survey Information
- Surveyed: Unknown
- Other Property & Lot Information
- Year Built: 1890
Financial
- Tax Information
- Tax Year: 2021
- Tax Year Notes: 2020-21
- Gross Amount Tax: 3707.02
- SPAN Number: 435-136-15260
- Other Tax Information
- Page Deed: 142-143
- Financing Information
- Possible Options: Cash, Conventional, FHA, Home Equity, Other
Utilities
- Trash Information
- Cans, Owner
- Electric Information
- Electric Company: VEC
- Other Utilities Information
- Cable Company: Comcast
- Fuel Company: Freds
- Phone Company: Consolidated
- Cable - Available, High Speed Intrnt -Avail, Telephone Available
- Varies
Location
- School Information
- School District: Orleans Essex North
- Elementary School: Newport City Elementary
- Elementary School: Newport City Elementary
- Middle/Jr School: North Country Junior High
- Neighborhood Information
- In Town, Near Shopping
- Road Information
- Road Frontage: Yes
- Road Frontage Length: 51
- Paved, Public
- Other Location Information
- Directions: Main St. Newport to Third Street. Follow to the intersection of Prospect St and turn right. This property is the second on the right.
Public facts
- Beds: 5
- Baths: 3.0
- Sq. Ft.: 3,224
- Stories: 2.0
- Lot Size: 3,920 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 1890
- Year Renovated: —
- County: Orleans County
- APN: 43513615260
Other
- Expense Information
- Net Income: 17141
- Operating Expenses Include: Heat, Utility, Water/Sewer
- Documents & Disclosures
- Documents Available: Deed, Lease Agreements, Tax Map
- Listing Information
- Sale Includes: Land/Building
Around this home
Schools
- K - 12
- Preschool & daycare
Public PreK-6 • Assigned • 1.3mi
Public 9-12 • Assigned • 1.0mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 90° expected this year, 17 days in 30 years
4% chance of strong winds in next 30 years
1 unhealthy days expected this year, 1 days in 30 years
Sun exposure
In this area, properties receive around 7.9 hours in June and 2.1 hours in December, placing it below the U.S. average for solar exposure.
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Nearby similar homes
New listings for sale in 05857
Home values near 124 Prospect St
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1666 Sq. Ft. | $218,300 |
3 Beds | 2.5 Baths | 3911 Sq. Ft. | $295,689 |
2 Beds | 1 Baths | 1334 Sq. Ft. | $197,386 |
4 Beds | 2 Baths | 2236 Sq. Ft. | $188,476 |
3 Beds | 2 Baths | 1848 Sq. Ft. | — |
4 Beds | 1.5 Baths | 3100 Sq. Ft. | $260,598 |
9 Beds | 4.5 Baths | 4692 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
4 Beds | 4 Baths | 2586 Sq. Ft. | $345,278 |
4 Beds | 5 Baths | 2489 Sq. Ft. | $362,158 |
4 Beds | 4 Baths | 2595 Sq. Ft. | $416,674 |
4 Beds | 1.5 Baths | 1931 Sq. Ft. | $206,797 |
2 Beds | 2 Baths | 1311 Sq. Ft. | $165,297 |
15 Beds | 8 Baths | 5668 Sq. Ft. | — |
- Beds | - Baths | - Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 2620 Sq. Ft. | $229,471 |
3 Beds | 2 Baths | 2158 Sq. Ft. | $259,723 |
5 Beds | 2.5 Baths | 3307 Sq. Ft. | $212,362 |
6 Beds | 4 Baths | 3832 Sq. Ft. | $338,599 |
4 Beds | 3 Baths | 3000 Sq. Ft. | $117,243 |
6 Beds | 2 Baths | 2176 Sq. Ft. | $195,787 |
6 Beds | 5 Baths | 3110 Sq. Ft. | — |
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