About this home
MOTIVATED SELLER!! Investment opportunity in rural Newport! Whether you're looking to offset your mortgage by living in one unit while renting the other or expand your investment portfolio, this well-maintained duplex is an excellent opportunity. This well-maintained duplex offers two spacious units, each featuring 2 bedrooms and 1 bathroom. Both units are currently rented, providing immediate income potential for investors or those looking to expand their portfolio. The current owner covers heat and internet; however, because each unit has its own separate heating system, heat could easily become a tenant-paid expense, improving your return on investment. Situated in a peaceful country setting, this property offers the perfect balance of privacy and convenience with easy access to the interstate for commuting and travel. The generous acreage and ample road frontage provide the potential for future development, including the possibility of adding another home (subject to local approval). Whether you're seeking a turnkey investment or a property with room for growth, this Newport duplex is worth a closer look. All appliances, including washer and dryers, are included!
Listing last checked: Listing updated:
Listed by Listing Agent · NextHome Experience · MLS #1667826
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Details at a glance
Interior3 property facts
- Heating
- Oil, Baseboard, Heat Pump, Hot Water
- Cooling
- Heat Pump
- Flooring
- Tile, Vinyl
Building4 property facts
- Style
- Duplex
- Year built
- 1993
- Foundation
- Poured Concrete
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 3.17 acres
- Water
- Well
- Sewer
- Septic Tank
- Zoning
- Rural
Financial2 property facts
- Annual taxes
- $3,440
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $305,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,829 / monthAdjust
- Principal & interest
- $1,542
- Property tax
- $287
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $3,440. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 48 Palmer Road
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Request a tour of 48 Palmer Road and a Bean Group agent will help coordinate an available time with the listing side.
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