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.
Active
$494,900
417 Masontown Rd, Newport, NC 28570
--beds
--baths
1,304sqft
Multi Family
Built in 1956
-- sqft lot
$490,100 Zestimate®
$380/sqft
$-- HOA
What's special
- 10 days |
- 307 |
- 19 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jamie Purvis jamiepurvisrealtor@yahoo.com,
RE/MAX Executive
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4377988
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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: $380/sqft
- Tax assessed value: $740,303
- Annual tax amount: $1,733
- Date on market: 6/17/2026
- Tenant pays: Electricity
- Road surface type: Gravel
Estimated market value
$490,100
$466,000 - $515,000
$1,364/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 |
|---|---|---|
| 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 | -- | $347,767 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 28570
Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 4/10Newport Middle SchoolGrades: 6-8Distance: 2.4 mi
- 5/10West Carteret High SchoolGrades: 8-12Distance: 7.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- North Carolina
- Carteret County
- Newport
- 28570
- 417 Masontown Rd
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