NOT LISTED FOR SALE

11 Malbone Rd Newport, RI 02840

6 Beds
4.5 Baths
4,223 Sq Ft
4,500 Sq Ft Lot

Last Sold June 24, 2021

Last sale price $837,500 $198 Per Sq Ft

16 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Walking Distance to Water
  • Golf Course Community
  • Tennis Courts
  • 4-minute walk to Coggeshall Park

About This Home

As of June 2021

Investors- look no further, we're calling your name! Find this charming 4 unit, 6 bedroom multi-family with backyard, onsite parking and a two-car garage. Gorgeous original wooden inlays throughout, charming airy light exposure and ample deck space for casual summer hangouts. Just steps away from Broadway and historical downtown Newport this is the perfect location for all. Generates lots of income and promises countless possibilities. Don't let this opportunity slip through your fingers!

Last Agent to Sell the Property

Arthur Chapman

William Raveis Inspire Listed on: 05/08/2021

William Raveis Inspire

Last Buyer's Agent

Kate Leonard

Lila Delman Compass License #RES.0031901

Lila Delman Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,889

Year Built

  • Built in 1890

Lot Details

  • 4,500 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Detached Garage

Home Design

  • Stone Foundation
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 4,223 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Utility Room
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Walking Distance to Water
  • Patio
  • Porch

Location

  • Property near a hospital

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Uses Gas
  • Baseboard Heating
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 5
  • Assessor Parcel Number 11MALBONERDNEWP

Community Details

Overview

  • 4 Units
  • Downtown/Broadway Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,889

Year Built

Built in 1890

Lot Details

4,500 Sq Ft Lot

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1033
  • Co List Office Mls Id: CHAP
  • Co List Office Phone: 401-846-3800
  • Subdivision Name: Downtown/Broadway
  • Above Grade Finished Sq Ft: 4223.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1890
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Tub Shower, Cable TV
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Clapboard
  • Exterior Features: Porch, Patio
  • Foundation Details: Concrete Perimeter, Stone
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Cooling: 1 Unit, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Central, Electric, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4500.0
  • Parcel #: 11MALBONERDNEWP
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3889.0
  • Tax Lot: 5
  • Tax Year: 2020
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2021 06/24/21 Sold $837,500 +1.5% $198 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
05/08/2021 05/08/21 For Sale $825,000 0.0% $195 / Sq Ft
10/27/2020 10/27/20 For Rent $1,400 0.0% --
10/27/2020 10/27/20 Rented $1,400 0.0% --
12/26/2019 12/26/19 Rented $1,400 -12.5% --
11/26/2019 11/26/19 Under Contract -- -- --
10/16/2019 10/16/19 For Rent $1,600 0.0% --
06/11/2019 06/11/19 Rented $1,600 0.0% --
05/12/2019 05/12/19 Under Contract -- -- --
01/08/2019 01/08/19 For Rent $1,600 -- --
Source: State-Wide MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,382 $964,700 $163,900 $800,800
2024 $7,930 $964,700 $163,900 $800,800
2023 $4,513 $454,900 $125,400 $329,500
2022 $4,372 $454,900 $125,400 $329,500
2021 $4,244 $454,900 $125,400 $329,500
2020 $3,889 $378,300 $98,300 $280,000
2019 $5,833 $378,300 $98,300 $280,000
2018 $5,667 $378,300 $98,300 $280,000
2017 $5,713 $367,400 $75,600 $291,800
2016 $5,570 $367,400 $75,600 $291,800
2015 $5,434 $367,400 $75,600 $291,800
2014 $5,793 $346,500 $55,700 $290,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1281623

State-Wide MLS
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