13 Dean Ave Newport, RI 02840
Fifth Ward NeighborhoodEstimated payment $9,529/month
Total Views
11,053
5
Beds
5
Baths
2,448
Sq Ft
$684
Price per Sq Ft
Highlights
- Marina
- Deck
- Tennis Courts
- Golf Course Community
- Wood Flooring
- Walking Distance to Water
About This Home
Please do not walk the property--Sold furnished! Fully-restored 3 unit on oversized lot (25% building cov.) in the heart of Newport's Historic Yachting Village! Located steps to Thames Street and all Newport has to offer, this is a tremendous investment or owner occupant opportunity offering as high as a 8.2% Cap Rate--a stellar return for the area, and up to 9 PARKING SPACES. The entire home has been renovated and restored from the roof to the Premium Andersen Replacement Windows with transferrable warranty. The home features three large units, (2) 2 BR/ 1.5 BA, and (1) 1BR/ 1 BA, all currently rented. Units feature hardwood flooring, premium bathrooms and kitchens completely updated and remodeled. Each unit has its own energy efficient ductless heating and cooling system, and is also connected to gas, water, sewer. The roof is young, and was stripped and replaced in 16 with transferrable warranties. The oversized lot presents a great opportunity to add a garage with lofted unit or living space (ADU) above. With only 25% of building coverage, there is ample room to add this additional dwelling without sacrificing valuable parking for you or your tenants. Each unit comes w/ new dedicated Maytag washer/dryers. Ductless split systems are raised for protection against the elements. Tremendous rental history seasonally, annually, or occupy the third unit and utilize owner occupant short-term rental ability. Buyer to conduct due diligence.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,678
Year Built
- Built in 1900
Lot Details
- 4,095 Sq Ft Lot
- Fenced
Home Design
- Stone Foundation
- Wood Siding
- Clapboard
- Plaster
Interior Spaces
- 2,448 Sq Ft Home
- 3-Story Property
- Thermal Windows
- Storage Room
- Wood Flooring
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 9 Parking Spaces
- No Garage
- Driveway
Eco-Friendly Details
- Energy-Efficient Windows
- Energy-Efficient HVAC
- Energy-Efficient Doors
Outdoor Features
- Walking Distance to Water
- Deck
Location
- Property near a hospital
Utilities
- Ductless Heating Or Cooling System
- Heating System Uses Gas
- Heat Pump System
- Water Heater
Listing and Financial Details
- Tax Lot 202
- Assessor Parcel Number 13DEANAVNEWP
Community Details
Overview
- 3 Units
- Yachting Village Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Map
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Home Values in the Area
Average Home Value in this Area
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 | $5,674 | $814,100 | $397,700 | $416,400 |
| 2023 | $5,229 | $527,100 | $260,000 | $267,100 |
| 2022 | $5,065 | $527,100 | $260,000 | $267,100 |
| 2021 | $4,918 | $527,100 | $260,000 | $267,100 |
| 2020 | $4,258 | $414,200 | $221,700 | $192,500 |
| 2019 | $4,258 | $414,200 | $221,700 | $192,500 |
| 2018 | $4,138 | $414,200 | $221,700 | $192,500 |
| 2017 | $4,033 | $359,800 | $158,500 | $201,300 |
| 2016 | $3,933 | $359,800 | $158,500 | $201,300 |
| 2015 | $3,839 | $359,800 | $158,500 | $201,300 |
| 2014 | $3,589 | $297,600 | $134,800 | $162,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | Price Changed | $1,675,000 | -5.7% | $684 / Sq Ft |
| 07/14/2025 07/14/25 | For Sale | $1,776,000 | -- | $725 / Sq Ft |
Source: State-Wide MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $310,000 | -- | |
| Deed | $310,000 | -- | |
| Warranty Deed | $135,000 | -- | |
| Warranty Deed | $135,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $736,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $245,100 | No Value Available | |
| Closed | $280,000 | No Value Available | |
| Closed | $280,000 | No Value Available |
Source: Public Records
Similar Homes in Newport, RI
Source: State-Wide MLS
MLS Number: 1389865
APN: NEWP-000035-000000-000202
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