NOT LISTED FOR SALE

30 Middleton Ave Newport, RI 02840

Memorial Boulevard Neighborhood
9 Beds
7 Baths
7,908 Sq Ft
5,663 Sq Ft Lot

Last Sold August 19, 2020

Last sale price $835,000 $106 Per Sq Ft

260 Days on Market

Highlights

  • Wood Flooring
  • Tennis Courts
  • Walking Distance to Water
  • 1 Fireplace
  • Balcony
  • 3-minute walk to Aquidneck Growers Market (Wednesday)

About This Home

As of August 2020

A rare offering for Newport! This massive quadplex, tucked away in the heart of the city, humbly grosses nearly $70,000 a year! Each unit earns excellent rental income, with room to further improve and add value. Add a garage and parking for every unit, and you've got a recipe for a successful investment. Rent rolls and expense information available upon request.

Last Agent to Sell the Property

Kevin Castner

RE/MAX Results License #RES.0035348 Listed on: 11/02/2019

RE/MAX Results

Co-Listed By

Madeline Andrews

RE/MAX Results License #RES.0042240

Last Buyer's Agent

Gordon King

Hogan Associates Christie's License #RES.0040040

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,180

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Brick Exterior Construction
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 7,908 Sq Ft Home
  • 2-Story Property
  • Skylights
  • 1 Fireplace
  • Storage Room
  • Utility Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Walking Distance to Water
  • Balcony
  • Screened Patio
  • Outbuilding
  • Porch

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas
  • Radiant Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Underground Utilities
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 113
  • Assessor Parcel Number 30MIDDLETONAVNEWP

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Shops
  • Public Transportation

Recreation

  • Tennis Courts
  • Recreation Facilities

Building Details

  • Operating Expense $11,696

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,180

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Co List Office Mls Id: KELW02
  • Co List Office Phone: 401-845-9200
  • Above Grade Finished Sq Ft: 7908.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 7
  • Total Bedrooms: 9
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Other
  • Interior Amenities: Bathtub, Skylights, Tub Shower
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 2
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Brick, Vinyl Siding
  • Exterior Features: Balcony, Porch, Paved Driveway
  • Other Structures: Outbuilding
  • Patio And Porch Features: Balcony, Porch, Screened

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 9.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Gas, Hot Water, Radiant, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Electricity On Property: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Underground Utilities, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5663.0
  • Parcel #: 30MIDDLETONAVNEWP
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 11696.0

Tax Info

  • Tax Annual Amount: 6180.0
  • Tax Lot: 113
  • Tax Year: 2019

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
08/19/2020 08/19/20 Sold $835,000 +196370.6% $106 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
11/02/2019 11/02/19 For Sale $425 0.0% $0 / Sq Ft
02/26/2019 02/26/19 Rented $2,000 0.0% --
01/27/2019 01/27/19 Under Contract -- -- --
01/17/2019 01/17/19 For Rent $2,000 -- --
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kevin Castner

    RE/MAX Results

    (401) 787-5194

    19 Total Sales

    Kevin Castner
    Section Image
  • Madeline Andrews

    Seller Co-Listing Agent in 2020

    Madeline Andrews

    RE/MAX Results

    (401) 258-3225

    11 Total Sales

    Madeline Andrews
    Section Image
  • Gordon King

    Buyer's Agent in 2020

    Gordon King

    Hogan Associates Christie's

    (401) 924-1774

    2 in this area

    46 Total Sales

    Gordon King
    Section Image

  • S

    Seller's Agent in 2019

    Sandy Moskovitz

    Keller Williams Coastal

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1240438

State-Wide MLS
Rhode Island Newport County Newport 02840 Memorial Boulevard

30 Middleton Ave, Newport, RI

Not Listed for Sale

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