18 Rhode Island Avenue Newport, RI $ 2,000,000
18 Rhode Island Avenue
$ 2,000,000
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18 Rhode Island Avenue

Newport, RI, 02840
$ 2,000,000
Bedrooms8 Baths4.1 Sq 4,871

Monthly Estimate*

$ 13,293

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Multi-Family Home for sale in Newport, RI

for $2,000,000 with 8 bedrooms and 4 full baths, 1 half bath. This 4,871 square foot home was built in 1880 on a lot size of 0.2426.

Welcome to this gracious and expansive Victorian home spanning over 4800 sq ft, ideally located within walking distance to town. Built in the 1880s, this property exudes charm with its wraparound porch and original details throughout. Currently configured as a three-family dwelling, this property offers versatility as it can easily be converted back to a single-family home. Unit One is generously sized with two floors of living and features a living room, dining room, den, well-appointed kitchen, and 4 bedrooms and 2 baths. The second unit is a bright and spacious studio with a large modern bathroom and an updated kitchen that opens to a private deck. The third unit boasts three bedrooms, a living room, dining area, updated kitchen, and bathroom. Additionally, there's walk-up access to a rooftop deck offering stunning views of the Newport Bridge. Gorgeous hardwood floors are showcased throughout the home. All utilities have been updated, each unit is separately metered and includes its own laundry facilities. Outside, the beautifully landscaped yard features a paved driveway and a spacious fenced lot with parking for up to 8 cars. This property is a rare find and offers endless possibilities for both investors and homeowners alike.

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Multi-Family Pending

Price

$ 2,000,000

Bedrooms

8

Full Bath

4

Half Bath

1

Property Type

Multi-Family

Taxes

$ 7,642

Style

MultiFamily

Lot Size

0.2426

Year Built

1880

Town/City

Newport

County/Region

Newport

MLS | Web ID

1355846

Features
General
Interior Features TubShower
Sewer Connected PublicSewer
Heating Gas HotWater
Cooling WindowUnits
Utilities SewerConnected
Possession Negotiable RentalAgreement
Appliances Dryer Dishwasher ExhaustFan Disposal GasWaterHeater Microwave Oven Range Refrigerator Washer
Exterior Features Balcony Porch Patio PavedDriveway
Zoning R10
Garage Spaces 0.0
Patio/Porch Features Balcony Patio Porch
Security Features SecuritySystemOwned
Construction Materials Drywall Plaster WoodSiding
Year Built 1880
Electric CircuitBreakers Fuses Generator
Tenant Pays HotWater
Property SubType MultiFamily
Tax Year 2023
Waterfront Features WalktoWater
Community Features NearHospital NearSchools PublicTransportation Restaurant Shopping
Assoc Fee Paid Per Annually
County Newport
Operating Expense 5600.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Kay/Broadway
Garage Y/N N
Total Rooms 15
Status Pending
City Newport
View Y/N N
Senior Community Y/N N
Total Units 3
Lot Size Square Feet 10568.0
Waterfront Y/N N
Carport Y/N N
Street Name Rhode Island
Spa Features HotTub
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 7642.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://youtu.be/yfEQlrBgMec
Days on Market 48
Structure Type Apartment
Standard Status Pending
Tax Assessed Value 1372300
Tax Lot 089
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Interior
Basement ExteriorEntry Full InteriorEntry Unfinished
Flooring Hardwood Marble
Total Fireplaces 0
Fireplace Features None
Total Stories 4
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Window Features ThermalWindows
Fireplace Y/N N
Above Grade Finished Area 4871.0
Full Baths 4
Half Baths 1
Street Suffix Avenue
Laundry Features InUnit
Total Bedrooms 8
Electric On Property Y/N N
Total Baths 5
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Exterior
Fencing Fenced
Parking Features NoGarage
Lot Features Paved
Water Source MultipleMeters Public
Total Parking 8.0
Lot Size Area 10568.0
Foundation Details ConcretePerimeter Stone
Number of Buildings 1
Spa Y
Building Area Total 4871.0
Lot Size Acres 0.2426
Lot Size Units SquareFeet
Covered Spaces 0.0
Door Features StormDoors
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 18
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* Excluded Features
List By
Re/Max Results

Broker

justine@resultswithremax.com

Email

Affordability Calculator

$13,929
Per Month
95%
5%
0%
Monthly Principal & Interest
$13,293
Monthly Property Taxes
$637
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/4/2024$2,000,000 Listed Price

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18 Rhode Island Avenue, Newport, RI, 02840 is a Multi-Family Home for sale at $2,000,000 with 4,871 sqft and a lot size of 0.2426. 18 Rhode Island Avenue has 8 bedrooms, 4.1 baths, and was built in 1880. The property's zip code is 02840 which is in Newport, RI