NOT LISTED FOR SALE

34 Sherman St Newport, RI 02840

Kay-Catherine Neighborhood
6 Beds
5 Baths
2,500 Sq Ft
4,372 Sq Ft Lot

Last Sold June 10, 2024

Last sale price $1,150,000 $460 Per Sq Ft

Highlights

  • Marina
  • Golf Course Community
  • Wood Flooring
  • Beach Access
  • Deck
  • 5-minute walk to Eisenhower Park

About This Home

As of June 2024

Unearth an extraordinary investment gem nestled within Newport's highly coveted Kay/Bull Street neighborhood! This exceptional 4-family residence offers a unique blend of convenience and versatility, featuring distinct utility setups for each unit, accompanied by a detached 2-car garage and abundant off-street parking. Perhaps this home could be your opportunity to convert it to a grand single family home and join a number of other homes in the neighborhood that have had such conversions. The allure deepens as you discover that current rental rates are situated below the thriving market, making it an ideal opportunity for both astute investors and enthusiastic owner-occupiers. Positioned perfectly near the prestigious Bellevue Avenue, the bustling Broadway district, an array of charming shops, culinary delights at top-notch restaurants, and the vibrant heart of downtown Newport. Seize the moment to claim this remarkable property as your own, where investment potential and lifestyle converge seamlessly!

Last Agent to Sell the Property

Connor Dowd

Keller Williams Coastal License #B16208 Listed on: 06/10/2024

Keller Williams Coastal

Last Buyer's Agent

Karin Jackson

Lila Delman Compass

Lila Delman Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,301

Year Built

  • Built in 1811

Lot Details

  • 4,372

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Plaster

Interior Spaces

  • 2,500 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Attic Fan
  • Security System Owned

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Outdoor Features

  • Beach Access
  • Water Access
  • Deck

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 4,372 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 109
  • Assessor Parcel Number 34SHERMANSTNEWP

Community Details

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Additional Features

  • 4 Units
  • Operating Expense $312

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,301

Year Built

Built in 1811

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1004
  • Inclusions: owner occupied 4 Family Unit
  • Above Grade Finished Sq Ft: 2500.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1811
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Tankless Water Heater, Water Heater, Washer
  • Has Basement: Exterior Entry, Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Bathtub, Skylights, Tub Shower, Cable TV
  • Stories: 3
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: Owner

Exterior Features

  • Waterfront Features: Beach Access, Dock Access, Water Access
  • Construction Type: Drywall, Plaster
  • Exterior Features: Deck, Paved Driveway
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: In Unit
  • Security: Security System Owned
  • Cooling: Attic Fan, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Gas, Hot Water, Individual
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4372.0
  • Parcel #: 34SHERMANSTNEWP
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 312.0

Tax Info

  • Tax Annual Amount: 10301.0
  • Tax Lot: 109
  • Tax Year: 2023

Range of Values:

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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 Change Sq Ft Price
06/10/2024 06/10/24 Sold $1,150,000 0.0% $460 / Sq Ft
06/10/2024 06/10/24 For Sale $1,150,000 -- $460 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Connor Dowd

    Seller's Agent in 2024

    Connor Dowd

    Keller Williams Coastal

    (401) 864-4488

    8 in this area

    402 Total Sales

    Connor Dowd
    Section Image
  • Karin Jackson

    Buyer's Agent in 2024

    Karin Jackson

    Lila Delman Compass

    (401) 338-3771

    13 in this area

    163 Total Sales

    Karin Jackson
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1361260

State-Wide MLS
Rhode Island Newport County Newport 02840 Kay-Catherine

34 Sherman St, Newport, RI

This home is located at 34 Sherman St, Newport, RI 02840 since 10 June 2024. This property was built in 1811. 34 Sherman St is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

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