Seller's Agent in 2021
Karin Jackson
Lila Delman Compass
(401) 338-3771
9 in this area
163 Total Sales
32 Dearborn St Newport, RI 02840
Historic Hill Neighborhood
4
Beds
4
Baths
3,239
Sq Ft
5,200
Sq Ft Lot
Highlights
- Marina
- Golf Course Community
- Tennis Courts
- Water Views
- Wood Flooring
- 5-minute walk to Aquidneck Park
About This Home
As of August 2021Currently zoned as a 5-Unit residential property but building layout easily lends itself to combine units to three or four larger units if desired. Detached two car garage and additional parking all located in the desirable downtown Yachting Village. All units are rented with yearly leases and one that is month-to-month. Four units are 1 bedroom/1 bath and the full third/top floor is a 3 bedroom/1 bath with skylights. Unit 5 which is the top floor is furnished and lends itself to seasonal rentals and the potential to expand water/bridge views. Exceptionally well maintained property with great curb appeal, newer roof & driveway, paved overflow parking, updated electrical, vinyl replacement windows, and brand new hot water heater. Fire Code compliant. Many original interior details abound from the gorgeous hardwood floors, glass doors, cast iron radiators, and molding. Nice division and privacy between all units with a center staircase as well as two side staircases. Some of the units have been refurbished, remodeled, and/or painted. Strong financials and rental history with growth potential. Total monthly gross rent is $7,791. Heat (gas) and water/sewer are included in the rents. Common coin-op laundry available on the first level. Laundry brings in about $2,000/year.
Located only one block from the harbor and in close walking proximity to all that Newport has to offer. This multi-family is turnkey.
Last Buyer's Agent
Shiv Patel
Edge Realty RI License #RES.0045756
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,002
Year Built
- Built in 1900
Lot Details
- 5,200 Sq Ft Lot
- Fenced
Parking
- 2 Car Detached Garage
- Garage Door Opener
- Driveway
Home Design
- Combination Foundation
- Stone Foundation
- Wood Siding
- Shingle Siding
Interior Spaces
- 3,239 Sq Ft Home
- 3-Story Property
- Thermal Windows
- Storage Room
- Utility Room
- Water Views
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Range
- Dishwasher
Flooring
- Wood
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Outdoor Features
- Walking Distance to Water
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Gas
- Baseboard Heating
- Heating System Uses Steam
- 440 Volts
- Gas Water Heater
Listing and Financial Details
- The owner pays for hot water
- Tax Lot 199
- Assessor Parcel Number 32DEARBORNSTNEWP
Community Details
Overview
- 4 Units
- Yachting Village Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Building Details
- Operating Expense $30,434
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2021 08/04/21 | Sold | $1,289,000 | -7.6% | $398 / Sq Ft |
| 07/05/2021 07/05/21 | Pending | -- | -- | -- |
| 06/08/2021 06/08/21 | For Sale | $1,395,000 | +94.0% | $431 / Sq Ft |
| 06/16/2017 06/16/17 | Sold | $719,000 | 0.0% | $247 / Sq Ft |
| 05/17/2017 05/17/17 | For Sale | $719,000 | -- | $247 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Karin Jackson
-
S
Buyer's Agent in 2021
Shiv Patel
Edge Realty RI
-
The Hadfield Group
T
Seller's Agent in 2017
The Hadfield Group
Hogan Associates Christie's
(401) 207-0083
6 in this area
109 Total Sales
-
Leslie Hogan
Buyer's Agent in 2017
Leslie Hogan
Hogan Associates Christie's
(401) 845-9500
3 in this area
90 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1284970
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