RENTED JUL 22, 2025

54 Malbone Rd Unit 1 Newport, RI 02840

Estimated Value: $638,000 - $1,629,000

1 Bed
1 Bath
500 Sq Ft
$2,188/Sq Ft Est. Value

Highlights

  • Furnished
  • Skylights
  • Forced Air Heating System
  • No HOA
  • Window Unit Cooling System
  • 3-minute walk to Coggeshall Park

About This Home

As of July 2025

AVAILABLE FOR YEARLY LEASE! All utilities, linens, and furnishings included. Clean and spacious 1 bedroom 1 bathroom unit. The unit has been freshly painted and includes access to shared yard with pool, shared laundry in basement and shared kitchen. Great opportunity for a single person to find a quiet and well kept property. NO PETS. NO SMOKING. REFERENCES REQUIRED. OWNER OCCUPIED. Conveniently located close to Naval Base.

Last Agent to Rent the Property

Ben Willett

Serhant Rhode Island License #REB.0019095 Listed on: 04/16/2025

Serhant Rhode Island

Last Renter's Agent

Kylie Castellano

William Raveis Inspire License #RES.0049136

William Raveis Inspire

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,598

Year Built

  • Built in 1880

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 500 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Skylights
  • Carpet
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Property Available on 10/1/25
  • Month-to-Month Lease Term
  • Assessor Parcel Number 54MALBONERD1NEWP

Community Details

Overview

  • No Home Owners Association

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,598

Year Built

Built in 1880

Lot Details

0

Rental Info

  • Lease Term: Month To Month
  • Available Date: 2025-10-01
  • Security Deposit: 1350.0

Listing Details

  • Prop. Type: Residential Lease
  • Above Grade Finished Sq Ft: 500.0
  • Entry Level: 3
  • Unit Levels: One, Three Or More
  • Building Stories: 3
  • Structure Type: Apartment
  • Year Built: 1880
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Furnished: Furnished
  • Appliances: Microwave, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Third Floor or higher Access
  • Flooring: Carpet
  • Interior Amenities: Skylights, Stall Shower, Furnished
  • Living Area: 500.0
  • Stories: 3
  • Window Features: Skylight(s)

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 1.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Air Conditioning, Common Area Maintenance, Electricity, Gas, Heat, Hot Water, Internet, Laundry Facilities, Sewer, Snow Removal, Trash Collection, Water
  • Association: No
  • Pets Allowed: No

Lot Info

  • Parcel #: 54MALBONERD1NEWP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2022
Sold by
Spaulding Virginia
Bought by
Spaulding Ft
Current Estimated Value
$1,093,753

Purchase Details

Closed on
Dec 16, 1997
Sold by
Hulse Richard L and Hulse Joan
Bought by
Spaulding Virginia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
Spaulding Ft -- None Available
Spaulding Virginia $228,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spaulding Virginia $635,000
Previous Owner Spaulding Virginia $590,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2025 07/22/25 Rented $1,350 0.0% --
04/16/2025 04/16/25 For Rent $1,350 +3.8% --
02/26/2025 02/26/25 Rented $1,300 -1.9% --
02/02/2025 02/02/25 Price Changed $1,325 -1.9% $3 / Sq Ft
01/17/2025 01/17/25 For Rent $1,350 -- --
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 $6,598 $918,900 $215,700 $703,200
2024 $6,405 $918,900 $215,700 $703,200
2023 $6,270 $632,100 $165,100 $467,000
2022 $6,074 $632,100 $165,100 $467,000
2021 $5,897 $632,100 $165,100 $467,000
2020 $4,802 $467,100 $115,000 $352,100
2019 $4,802 $467,100 $115,000 $352,100
2018 $4,666 $467,100 $115,000 $352,100
2017 $4,648 $414,600 $88,400 $326,200
2016 $4,532 $414,600 $88,400 $326,200
2015 $4,424 $414,600 $88,400 $326,200
2014 $4,573 $379,200 $65,200 $314,000
Source: Public Records

Agents Affiliated with this Home

  • Ben Willett

    Landlord's Agent in 2025

    Ben Willett

    Serhant Rhode Island

    (401) 835-8810

    16 in this area

    126 Total Sales

    Ben Willett
    Section Image

  • K

    Tenant's Agent in 2025

    Kylie Castellano

    William Raveis Inspire

    (631) 512-3665

    6 Total Sales

    Kylie Castellano
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1382659

State-Wide MLS

APN: NEWP-000010-000000-000015

Rhode Island Newport County Newport 02840

54 Malbone Rd Unit 1, Newport, RI

Not Listed for Sale

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