This stately Victorian offers a compelling opportunity for investors or developers looking to complete and capitalize on a thoughtfully reconfigured multi-family project. Rich with original craftsmanship, the home still showcases the hallmarks of its era: tall ceilings, detailed woodwork, built-ins, and an overall sense of scale and presence that newer construction rarely replicates. A wraparound front porch further enhances its architectural appeal and curb presence. Formerly configured as four units, the property has since been approved and partially converted into a six-unit apartment building. The proposed layout includes a three-bedroom unit, a two-bedroom unit, and four one-bedroom units, creating a balanced mix well suited to the local rental market. Once completed, the projected gross monthly income is estimated between $7,500 and $8,000, making this an attractive option for those seeking long-term passive income. Significant structural improvements have already been completed, and the interior has been taken back to the studs, providing a clean slate for the next phase of work. Updated mechanicals are underway, including a high-efficiency propane heating and hot water system designed to serve the building efficiently. Electrical infrastructure is in place to support individual metering for each unit, along with a common meter. Situated on a corner lot, the property benefits from more parking than typically expected for a building of this vintage. With the heavy lifting already done, what remains is finishing the mechanicals, closing the building back up, and bringing the units online. For the right buyer, this is a rare chance to complete a classic Victorian conversion and turn it into a strong-performing income property.
Income opportunity is knocking! Come see for yourself the opportunities that await at this 2-unit investment property on a spacious .24 acre lot in Newport City. Tons of renovations have been completed by current owners since purchasing the property in 2014 to include; new electrical with hardwired smoke/carbon detectors providing each unit with separate panels, new plumbing with W/D hookups, hot air heating system for the first floor unit and 2 gas vented Rinnai units in the 2nd floor unit, spray foam insulation in the basement and crawl space, updated kitchens, baths and appliances, fire rated sheetrock, new flooring and refinished hardwood in the first floor unit. Additional features include a metal roof, vinyl siding, paved driveway and much much more. The first floor unit consists of a fully applianced kitchen, large living/dining area with hardwood flooring and several windows allowing for plenty of natural light, 2 bedrooms and a 3/4 bathroom. The second story unit offers another fully applianced kitchen, living area, bedroom and 3/4 bathroom. The first floor unit currently rents for $950.00 while the 2nd story rents for $850.00 w/ owner paying for heat, trash, lawn care and W/S for both units. Come take a look today for yourself and see all this property has to offer. For financing details, please see attached documentation.
Two Separate Dwellings on One Parcel | Renovated Home + Income Potential = Unique Johnson Village property offering two separate buildings on a quiet dead-end road with river frontage. The main home at 112 River Road West is a renovated 1950s farmhouse with 2 bedrooms, bonus room, 1 bath, laundry, and bright living spaces. A second, fully separate structure at 94 River Road West includes a 2-bedroom, 1-bath apartment with private entrance, deck with river views, and additional unfinished space below—ideal for storage, workshop, or future expansion. Excellent opportunity for owner-occupants, rental income, or multi-generational living. Convenient to village amenities and recreation. Also Listed as Single Family MLS #5067934 Virtual Staging Disclosure: Some photos have been virtually staged to illustrate the home’s potential and room scale. Original, unstaged photos are also included for reference.
Here’s an opportunity to own a versatile 3-unit property in the heart of St. Johnsbury. The main building features two spacious 3-bedroom apartments, offering plenty of room for tenants. A bonus third unit, a 1-bedroom apartment situated above a two-car garage which adds even more flexibility and potential income. The location is hard to beat. Set right downtown, tenants will love being just minutes away from shops, schools, dining, and community events. Everyday conveniences are close at hand, including a laundromat only a couple of doors down. This property combines practicality with an excellent rental history potential, making it an appealing choice for investors or owner-occupants alike.
© 2026 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NNEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice.

