$1,750,000
SOLD MAY 21, 2025

38 Dr Marcus F Wheatland Blvd Newport, RI 02840

5 Beds
4 Baths
3,726 Sq Ft
7,009 Sq Ft Lot

Recently Sold

$470 Per Sq Ft

3% Below List Price

96 Days on Market

Highlights

  • Marina
  • Deck
  • Furnished
  • 0.16 Acre Lot
  • Cathedral Ceiling
  • 3-minute walk to Equality Park

About This Home

As of May 2025

Rare opportunity of an updated multi mixed used unit property in Newport with 7,008 SF lot, parking for up to 11 cars, Brand new updated units, fully furnished, Two loft style units townhouse style on top level with one two bedrooms & one bedroom with baths, lower level has three full bedrooms with their own private bathrooms & mini fridge, coffee maker and sink with a hotel style room with each room having a private entry. This property does offer five units in total! Right in the heart of Newport walking distance to all restaurants, water dock & tourism area. It's a Must See!

Last Agent to Sell the Property

Flordalis Rosario

Keller Williams Coastal License #RES.0047677 Listed on: 11/07/2024

Keller Williams Coastal

Last Buyer's Agent

Connor Dowd

Keller Williams Coastal License #B16208

Keller Williams Coastal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,285

Year Built

  • Built in 1986

Lot Details

  • 7,009 Sq Ft Lot
  • Fenced
  • Paved or Partially Paved Lot

Home Design

  • Brick Foundation
  • Vinyl Siding

Interior Spaces

  • 3,726 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Skylights
  • Utility Room

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 11 Parking Spaces
  • No Garage
  • Driveway

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Lighting

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Patio
  • Porch

Location

  • Property near a hospital

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 280
  • Assessor Parcel Number 38DR.MARCUSF.WHEATLANDBLVDNEWP

Community Details

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Recreation Facilities

Additional Features

  • 4 Units
  • Operating Expense $50,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,285

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1609
  • Above Grade Finished Sq Ft: 3726.0
  • Garage Yn: No
  • New Construction: No
  • Efficiency: Appliances, Lighting
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Interior Amenities: Cathedral Ceiling(s), High Ceilings, Skylights, Tub Shower, Vaulted Ceiling(s), Furnished, Cable TV
  • Dining Room Type: Bedroom, Laundry, Utility Room
  • Stories: 3
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Paved
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Deck, Porch, Patio, Paved Driveway
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 11.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Other
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7009.0
  • Parcel #: 38DR.MARCUSF.WHEATLANDBLVDNEWP
  • Zoning: GB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 50000.0

Tax Info

  • Tax Annual Amount: 10285.0
  • Tax Lot: 280
  • Tax Map Number: 17
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2024
Closed on
May 21, 2025
Sold by
Mays Dereke and Newsome Cheryl
Bought by
Nv Wheatland Llc
Seller's Agent
Flordalis Rosario
Keller Williams Coastal
Buyer's Agent
Connor Dowd
Keller Williams Coastal
List Price
$1,800,000
Sold Price
$1,750,000
Premium/Discount to List
-$50,000
-2.78%
Views
39
Current Estimated Value
$1,756,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,480
Avg. Annual Appreciation
1.13%
Original Mortgage
$1,070,000
Outstanding Balance
$1,067,149
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$689,331

Purchase Details

Closed on
Jan 7, 2020
Sold by
Mcg Real Est Consultants
Bought by
M & J Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,000
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2003
Sold by
New Visions Newport In
Bought by
M C G Re Consultant Ll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,000
Interest Rate
6.18%
Mortgage Type
Commercial
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,750,000 None Available
Warranty Deed $1,750,000 None Available
Warranty Deed $625,000 None Available
Deed $315,000 --
Deed $315,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,070,000 Purchase Money Mortgage
Closed $1,070,000 Purchase Money Mortgage
Previous Owner $565,000 Purchase Money Mortgage
Previous Owner $237,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 Sold $1,750,000 -2.8% $470 / Sq Ft
02/12/2025 02/12/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $1,800,000 0.0% $483 / Sq Ft
01/09/2025 01/09/25 Pending -- -- --
11/13/2024 11/13/24 Price Changed $1,800,000 +99999900.0% $483 / Sq Ft
11/08/2024 11/08/24 For Sale $2 -- $0 / 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
2025 $10,590 $983,300 $234,500 $748,800
2024 $10,285 $983,300 $234,500 $748,800
2023 $8,709 $585,300 $210,000 $375,300
2022 $8,434 $585,300 $210,000 $375,300
2021 $8,100 $579,000 $210,000 $369,000
2020 $8,475 $549,600 $207,900 $341,700
2019 $8,475 $549,600 $207,900 $341,700
2018 $8,233 $549,600 $207,900 $341,700
2017 $6,568 $422,400 $129,400 $293,000
2016 $6,404 $422,400 $129,400 $293,000
2015 $6,247 $422,400 $129,400 $293,000
2014 $7,134 $426,700 $129,400 $297,300
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2025

    Flordalis Rosario

    Keller Williams Coastal

    (401) 785-1700

    1 in this area

    14 Total Sales

    Flordalis Rosario
    Section Image
  • Connor Dowd

    Buyer's Agent in 2025

    Connor Dowd

    Keller Williams Coastal

    (401) 864-4488

    13 in this area

    403 Total Sales

    Connor Dowd
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1372677

State-Wide MLS

APN: NEWP-000017-000000-000280

Rhode Island Newport County Newport 02840

38 Dr Marcus F Wheatland Blvd, Newport, RI

This home is located at 38 Dr Marcus F Wheatland Blvd, Newport, RI 02840 and is currently priced at $1,750,000, approximately $469 per square foot. This property was built in 1986. 38 Dr Marcus F Wheatland Blvd 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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