Under contract-show

Price cut: $14.9K (7/2)

$480,000

417 Mason Town Rd, Newport, NC 28570

--beds

--baths

1,304sqft

$3,034/mo

Get pre-qualified

Multi Family

Built in 1956

-- sqft lot

$448,400 Zestimate^®

$368/sqft

$-- HOA

What's special

Excellent opportunity to own a well-established mobile home park featuring 10 rental lots plus a stick-built home on-site. All 10 lots are currently rented, with some long-term tenants in place. Rents have been increased in Feb. 2025, so there is a potential for additional rent increases. Key improvements include well and pressure tanks replaced less than one year ago. The stick-built home features a new roof (2022) and a new bathtub (2023). While the home does require some interior remodeling, it presents a great value-add opportunity for additional income or future resale. The tenant in the stick-built home has been in place for 26 years. All septic tanks were emptied and inspected two years ago and found in good condition.

88 days
38
2

Facts & features

Interior

Heating

Central

Cooling

Other

Appliances

Included: None
Laundry: None

Features

Has basement: No

Interior area

Total structure area: 1,304
Total interior livable area: 1,304 sqft
Finished area above ground: 1,304
Finished area below ground: 0

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Lot

Size: 5.28 Acres

Details

Parcel number: 6339.19.50.6295000
Zoning: R-20
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Metal, Vinyl
Foundation: None

Condition

New construction: No
Year built: 1956

Utilities & green energy

Sewer: Septic Installed
Water: Well

Community & HOA

Location

Region: Newport

Financial & listing details

Price per square foot: $368/sqft
Tax assessed value: $740,303
Annual tax amount: $2,541
Date on market: 6/17/2026
Cumulative days on market: 88 days
Tenant pays: Electricity
Road surface type: Gravel

Estimated market value

$448,400

$426,000 - $471,000

$1,294/mo

Price history

Date	Event	Price
7/2/2026	Price change	$480,000-3%$368/sqft
Source: Canopy MLS as distributed by MLS GRID #4377988 Report a problem
6/17/2026	Listed for sale	$494,900-0.8%$380/sqft
Source: Canopy MLS as distributed by MLS GRID #4377988 Report a problem
9/20/2024	Listing removed	$499,000$383/sqft
Source: Hive MLS #100425336 Report a problem
9/19/2024	Price change	$499,000-16.8%$383/sqft
Source: Hive MLS #100425336 Report a problem
6/11/2024	Price change	$599,900-4%$460/sqft
Source: Hive MLS #100425336 Report a problem
5/23/2024	Listed for sale	$625,000$479/sqft
Source: Hive MLS #100425336 Report a problem
5/2/2024	Listing removed	--
Source: Hive MLS #100425336 Report a problem
2/28/2024	Price change	$625,000-3.1%$479/sqft
Source: Hive MLS #100425336 Report a problem
2/2/2024	Listed for sale	$645,000$495/sqft
Source: Hive MLS #100425336 Report a problem
2/2/2024	Listing removed	--
Source: Hive MLS #100367191 Report a problem
9/22/2023	Pending sale	$645,000$495/sqft
Source: Hive MLS #100367191 Report a problem
3/31/2023	Price change	$645,000-0.8%$495/sqft
Source: Hive MLS #100367191 Report a problem
1/31/2023	Listed for sale	$650,000+66.7%$498/sqft
Source: Hive MLS #100367191 Report a problem
3/15/2022	Sold	$390,000+59.2%$299/sqft
Source: Public Record Report a problem
4/7/2017	Sold	$245,000$188/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,541 +46.6%	$740,303 +117.3%
2024	$1,733 -0.3%	$340,714
2023	$1,739 +2%	$340,714
2022	$1,705 +4.2%	$340,714 +21.4%
2021	$1,637	$280,735 -17.6%
2020	--	$340,714 +39.1%
2019	$995	$244,970
2017	$995 +5.2%	$244,970
2016	$946	$244,970
2015	$946 -12.9%	$244,970
2014	$1,086	$244,970
2013	--	$244,970
2012	--	--
2011	--	--
2010	--	$347,767
2009	--	$347,767