531 West Main Street, Newport City, VT

Name: 531 West Main Street, For Sale in Newport City - eXp Realty
Brand: Century 21 Farm & Forest
SKU: 5076212
Price: 59000 USD

House

For Sale

Listed price in listed location currency (USD).

$59,000

430

MLS® 5076212

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 2326 sqft

Garage Yes

Taxes

Days Active 0

Lot Size 0.79 acres

Approx. Age 1890

Avg. Price Per Sqft $25

MLS® Number 5076212

Property Address: 531 West Main Street, Newport City, VT, 05855

Average square foot calculated using Size range provided by listing agent.

Description

A rare chance to build something truly impactful in the heart of Newport. This 0.79-acre corner parcel at 531 West Main Street sits in a highly convenient location—close to downtown amenities, Lake Memphremagog’s waterfront, and within easy reach of the Jay Peak recreation area. The existing structure is in very rough condition and is best suited for removal, opening the door for a fresh start and a forward-thinking new build. With generous frontage on both West Main Street and Highland Avenue, the lot offers design flexibility that few in-town parcels can match. City water, sewer service and electric are already onsite, making future development more streamlined and cost-effective. Consider the potential for a thoughtfully designed duplex or multi-unit building, where the natural grade allows lower units to be accessed from West Main and upper units from Highland—creating the possibility for all units to be at grade and handicap-accessible without elevators or major infrastructure. This property is also an excellent candidate for the Vermont Housing Improvement Program (VHIP), which offers up to $70, 000 per qualifying unit for the creation of new accessible housing. That’s real money toward construction costs—and a meaningful push toward addressing Vermont’s housing shortage. Whether you envision a modern single-family home or a multi-family development that contributes directly to the community’s needs, this lot invites creativity. Be part of the solution by expanding Newport’s housing options, strengthening the neighborhood, and transforming this underutilized property into something the community can be proud of. Please note that some photos or AI generated Renderings and buyers should perform due diligence to ensure their specific plans can be accomplish on the site. Exterior access only as the building is not safe to enter.

MLS® Number5076212

Laundry Level

Central VacNo

FireplaceNo

Acreage0.79

Exterior

GarageYes

Approx. Age1890

BasementDirt, Dirt Floor

DrivewayGarage, Attached

Garage Spaces2

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 10, 2026List Date

$59,000List Price

Home Appraisal

This property is estimated to sell between: $59,000 and $299,000.

Similar properties in this area sold on average for: $218,800

Expected to sell in 86 days. Similar properties sold in 86 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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