$1,700,000
SOLD MAY 20, 2025
4 Beds
2 Baths
1,628 Sq Ft
2,051 Sq Ft Lot

Recently Sold

$1,044 Per Sq Ft

6% Above List Price

10 Days on Market

Highlights

  • 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 2025

Welcome 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

Kevan Campbell

Hogan Associates Christie's Brokerage Phone: 401-556-9563 License #RES.0034444 Listed on: 05/03/2025

Last Buyer's Agent

Brian Burke

Coldwell Banker Realty License #RES.0046965

Coldwell Banker Realty

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,581

Year Built

Built in 1900

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0471
  • Subdivision Name: Memorial Blvd
  • Above Grade Finished Sq Ft: 1628.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Attribution Contact: 401-556-9563
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Furnished
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Clapboard

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 1.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 8.22
  • Association Fee Frequency: Monthly

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2051.0
  • Parcel #: 11MERTONRDNEWP
  • Zoning: GB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 14000.0

Tax Info

  • Tax Annual Amount: 5581.24
  • Tax Lot: 109
  • Tax Map Number: 29
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2025
Closed on
May 20, 2025
Sold by
Bosh Nannette L
Bought by
Newport 744 Llc
Seller's Agent
Kevan Campbell
Hogan Associates Christie's
Buyer's Agent
Brian Burke
Coldwell Banker Realty
List Price
$1,600,000
Sold Price
$1,700,000
Premium/Discount to List
$100,000
6.25%
Views
9
Current Estimated Value
$1,642,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$57,464
Avg. Annual Appreciation
-11.96%

Purchase Details

Listed on
May 3, 2025
Closed on
May 13, 2025
Sold by
Brooks Jeffrey M
Bought by
Bosh Nannette L
Seller's Agent
Kevan Campbell
Hogan Associates Christie's
Buyer's Agent
Brian Burke
Coldwell Banker Realty
List Price
$1,600,000
Sold Price
$1,700,000
Premium/Discount to List
$100,000
6.25%
Views
9

Purchase Details

Listed on
Mar 14, 2013
Closed on
May 6, 2013
Sold by
Byers Matthew T
Bought by
Brooks Jeffrey M
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
Matt Hadfield
Hogan Associates Christie's
List Price
$279,900
Sold Price
$266,000
Premium/Discount to List
-$13,900
-4.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.64%
Original Mortgage
$261,182
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2004
Sold by
Furtado Maria and Vinci Karen
Bought by
Byers Matthew

Purchase Details

Closed on
Apr 15, 2003
Sold by
Black Cat Holdings Inc
Bought by
Furtado Maria and Vinci Karen

Purchase Details

Closed on
Oct 31, 1994
Sold by
Coutu Roger L
Bought by
Blackstone Caterers
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 --
Source: Public Records

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
Source: Public Records

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
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1384067

State-Wide MLS

APN: NEWP-000029-000000-000209