$699,900 Price Analysis    ♡   Newport, RI 02840 5 bed 5 bath 2,240 SqFt ($312/SqFt) 0.24 acre lot. Built 1940 Listed 2024-06-15, Taxes $4,447 | Ⓧ USDA Ineligible due to location near Newport |
Here is your chance to own a 2-family in Newport at an affordable price.
* Sale Pending *This home features a 3 bed 2 bath unit in the front and a 2 bed 2 bath unit in the rear. Both units hav seperate exterior entrances giving the house a private feel an d separate utilities. The first unit, located in the front, is designed like a single-family house and the second unit is a townhouse located in the back. There is plenty of off-street parking, a two-car garage and a private lot.
Perfect for the owner occupied who wants some sweat equity or an investor who wants to take advantage of Newport's fantastic rental rates. The front unit and exterior do need some updating but it is priced accordingly. All the mechanicals and roof are newer, needs some cosmetics and some siding. Do not miss your opportunity to grab this money maker. There will be one open house on Monday, 6/17 from 5pm-7pm offers due 6/18 by 5pm. NO FHA DUE TO LENGTH OF OWNERSHIP.
Presented by Michael Zannini at
Century 21 Shoreline.
Property MLS #1361687 from StateWide
Basement Description: Full, Unfinished, Access: Interior and Exterior
Full Bathrooms: 4
1/2 Bathrooms: 1
Stairs
Heating Fuel: Gas
Number of Fireplaces: 1
Water Heaters: Gas, Tank
Garage Description: Detached
Parking Total: 8
Lot Size Square Feet: 10572
Calculated Total Monthly Association Fees: 0
Source Listing Status: Pending
County: Newport
Tax Year: 2023
Source Property Type: 2-4 Units Multi Family
Source Neighborhood: Newport
Property Subtype: Side/Side
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $338,800 + $123,900 $462,700 | $4,447 |
| 2021 | $338,800 + $123,900 $462,700 | $4,317 |
| 2020 | $272,300 + $107,000 $379,300 | $3,899 |
| 2019 | $272,300 + $107,000 $379,300 | $3,899 |
| 2018 | $272,300 + $107,000 $379,300 | $3,789 |
| 2017 | $261,200 + $48,900 $310,100 | $3,476 |
| 2016 | $261,200 + $48,900 $310,100 | $3,389 |
| 2015 | $261,200 + $48,900 $310,100 | $3,309 |
| 2014 | $255,700 + $39,100 $294,800 | $3,555 |
| 2013 | $255,700 + $39,100 $294,800 | $3,452 |
| 2006 | $317,200 + $98,300 $415,500 | $3,332 |
$699,900
StateWide
Listing removed 2023-07-17
$0
StateWide
Listed 2023-06-28
$699,000
StateWide
Year Built: 1940
Building Exterior Type: Clapboard, Shingles
Property Age: 84
Levels or Stories: 2
Total Above Grade Sqft Area: 2444
Walls: Dry Wall, Plaster
Sewer: Connected, Public
Water Source: Connected, Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.