Land in Newport

Investor alert! This fully occupied 6-unit apartment building is the kind of rare find that makes your calculator sit up and smile. Offered for sale with cash or commercial financing only, the property features 3,717 square feet with a smart mix of two two-bedroom units and four one-bedroom units, giving you a solid setup for steady rental income from day one. The building has been well maintained and updated over time, including a brand-new propane boiler in 2025, six separate electric meters, six hot water heaters, and vinyl replacement windows and doors throughout.

The roof is a durable mix of steel and asphalt, adding another layer of practical value for the investor who prefers less drama and more upside. Outside, the huge yard and green space give this property an edge that is hard to find in a multi-family offering. Tenants will appreciate room to spread out, and the generous lot also supports convenient off-street parking. Being close to a playground and park adds everyday appeal, while the location puts you just minutes from Herkimer and about 25 minutes from Utica.

Commercial zoning may offer added flexibility, and village water paired with a septic tank keeps the setup straightforward. With some long-term tenants already in place and the entire building occupied, this is a strong opportunity for investors looking to expand their portfolio with a property that already has momentum.

If you have been waiting for a multi-family investment with income, updates, outdoor space, and parking, this one deserves a look. Reach out today before someone else beats you to it.