
11 Merton Rd Newport, RI 02840
Memorial Boulevard NeighborhoodHighlights
- Wood Flooring
- Tennis Courts
- Window Unit Cooling System
- Furnished
- Walking Distance to Water
- 2-minute walk to Aquidneck Growers Market (Wednesday)
About This Home
As of May 2025Welcome to 11 Merton Road, a rare investment opportunity located in the historic heart of Newport. This legal Airbnb-approved short-term rental property features two fully registered units, offering a chance for investors or buyers seeking a second home with substantial income potential. Ideally situated to capitalize on Newport's thriving tourism market, this property provides both versatility and undeniable charm. The residence is divided into two distinct 2-bedroom, 1-bath units. The upper-level unit boasts a spacious, open layout with central air conditioning, plus access to a generous private deck perfect for relaxation or entertaining. The first-floor unit offers modern upgrades and cozy living spaces. Both units benefit from updated heating and cooling systems for year-round comfort, along with new composite siding for a low-maintenance exterior. Additional highlights include off-street parking and a private outdoor space for residents to enjoy. The property's unbeatable location is just steps from the Tennis Hall of Fame, the elegant shops and dining along Bellevue Avenue, and a short stroll to the stunning Cliff Walk, beaches, and the Newport waterfront. With its prime location, the property is poised to attract consistent rental demand. Don't miss this exceptional chance to own a versatile, income-generating property that combines steady revenue.
Last Agent to Sell the Property
Hogan Associates Christie's Brokerage Phone: 401-556-9563 License #RES.0034444 Listed on: 05/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,581
Year Built
- Built in 1900
HOA Fees
- $8 Monthly HOA Fees
Home Design
- Clapboard
Interior Spaces
- 1,628 Sq Ft Home
- 2-Story Property
- Furnished
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 1 Parking Space
- No Garage
Utilities
- Window Unit Cooling System
- Central Heating and Cooling System
- Heating System Uses Gas
- Heating System Uses Steam
- 100 Amp Service
- Gas Water Heater
Additional Features
- Walking Distance to Water
- 2,051 Sq Ft Lot
Listing and Financial Details
- Tax Lot 109
- Assessor Parcel Number 11MERTONRDNEWP
Community Details
Overview
- 2 Units
- Memorial Blvd Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Tennis Courts
- Recreation Facilities
Building Details
- Operating Expense $14,000
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Purchase Details
Similar Homes in Newport, RI
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Quit Claim Deed | -- | None Available | |
Quit Claim Deed | -- | None Available | |
Warranty Deed | $1,700,000 | None Available | |
Warranty Deed | $1,700,000 | None Available | |
Warranty Deed | $266,000 | -- | |
Warranty Deed | $266,000 | -- | |
Deed | $305,000 | -- | |
Deed | $305,000 | -- | |
Deed | $230,000 | -- | |
Deed | $230,000 | -- | |
Warranty Deed | $105,000 | -- | |
Warranty Deed | $105,000 | -- | |
Warranty Deed | $105,000 | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $300,000 | Stand Alone Refi Refinance Of Original Loan | |
Previous Owner | $255,300 | No Value Available | |
Previous Owner | $261,182 | New Conventional |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
05/20/2025 05/20/25 | Sold | $1,700,000 | +6.3% | $1,044 / Sq Ft |
05/13/2025 05/13/25 | Pending | -- | -- | -- |
05/03/2025 05/03/25 | For Sale | $1,600,000 | +501.5% | $983 / Sq Ft |
05/06/2013 05/06/13 | Sold | $266,000 | -5.0% | $163 / Sq Ft |
04/06/2013 04/06/13 | Pending | -- | -- | -- |
03/14/2013 03/14/13 | For Sale | $279,900 | -- | $172 / Sq Ft |
Tax History Compared to Growth
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 |
---|---|---|---|---|
2024 | $5,581 | $678,900 | $340,200 | $338,700 |
2023 | $4,376 | $441,100 | $222,400 | $218,700 |
2022 | $4,127 | $429,400 | $222,400 | $207,000 |
2021 | $4,006 | $429,400 | $222,400 | $207,000 |
2020 | $3,669 | $356,900 | $217,100 | $139,800 |
2019 | $3,669 | $356,900 | $217,100 | $139,800 |
2018 | $3,565 | $356,900 | $217,100 | $139,800 |
2017 | $2,990 | $266,700 | $155,300 | $111,400 |
2016 | $2,915 | $266,700 | $155,300 | $111,400 |
2015 | $2,846 | $266,700 | $155,300 | $111,400 |
2014 | $2,861 | $237,200 | $132,000 | $105,200 |
Agents Affiliated with this Home
-
Seller's Agent in 2025
Kevan Campbell
Hogan Associates Christie's
(401) 556-9563
3 in this area
75 Total Sales
-
Buyer's Agent in 2025
Brian Burke
Coldwell Banker Realty
(860) 798-3272
1 in this area
216 Total Sales
-
Seller's Agent in 2013
Joe Fitzpatrick
RE/MAX Results
(401) 835-2045
8 in this area
700 Total Sales
-
Seller Co-Listing Agent in 2013
Joseph Fitzpatrick
RE/MAX Results
(401) 835-2045
17 Total Sales
-
Buyer's Agent in 2013
Matt Hadfield
Hogan Associates Christie's
(401) 207-0083
5 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1384067

APN: NEWP-000029-000000-000209
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