$1,425,000

6 Gladding Ct Newport, RI 02840

Estimated payment $8,621/month

Total Views 7,966
4 Beds
4 Baths
2,290 Sq Ft
$622 Price per Sq Ft

Highlights

  • Marina
  • Wood Flooring
  • Furnished
  • Deck
  • 1 Fireplace
  • 4-minute walk to Battery Park

About This Home

Nestled in the charming historic Point neighborhood of Newport, this delightful multi-family property offers options for investment or comfortable year-round residence. Each unit is spacious and inviting, with 2 bedrooms, 2 baths, and open living, dining, kitchens and laundry. Enjoy private outdoor space with one unit boasting a patio area and the other a large deck, plus a shared yard, bike shed, and off-street parking. The first-floor unit impresses with its beautiful bamboo floors, a cozy cast iron fireplace, built-in bookshelves, a kitchen island with seating, and ample cabinet storage. The second unit spans two levels, each with a bedroom and bath, and a fantastic deck space with two entry doors that flood the area with light, and offers a perfect transition space for relaxation or entertaining. This well-maintained property features new AC/Heat mini splits, fresh interior paint, young roof and water heaters. The yard has lovely perennials and rose bushes. With an excellent rental history, this turnkey operation is ready for its next owner. The location is unbeatable! Just minutes' walk to the waterfront, where you can enjoy parks, sunsets, swimming. There's also a launch ramp for boats, dinghies, and kayaks. Nearby, you'll find pickleball and tennis courts, restaurants, shopping, beaches, and ferry service. Unit two is open starting July for a buyer to come and enjoy summer in Newport!

Listing Agent

Holly Mclear

Hogan Associates Christie's Brokerage Phone: 401-855-0485 License #RES.0028965

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,638

Year Built

  • Built in 1880

Home Design

  • Combination Foundation
  • Block Foundation
  • Stone Foundation
  • Clapboard

Interior Spaces

  • 2,290 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Skylights
  • 1 Fireplace
  • Utility Room

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Deck

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Gas
  • Heat Pump System
  • 100 Amp Service
  • Electric Water Heater

Additional Features

  • 4,792 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 003
  • Assessor Parcel Number 6GLADDINGCTNEWP

Community Details

Overview

  • 2 Units
  • The Point, Point Subdivision

Amenities

  • Shops
  • Restaurant

Recreation

  • Marina
  • Tennis Courts

Building Details

  • Operating Expense $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,638

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Inclusions: Seasonal rentals means summer months and fall/winter Furnished units. Income Reported is gross for 2024- 2 units GI $63,700 Owner expense include costs of utilities in the summer months, yard care, pest , property mngt, and commissions. Winter tenants pay all utilities and wifi. Please note that unit 1 through May 2025 is Below market rate of $2600. Owner used in fall 2024 and winter 2025 was late to get rented.
  • Subdivision Name: The Point, Point
  • Above Grade Finished Sq Ft: 2290.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1880
  • Attribution Contact: 401-855-0485
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Interior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Carpet
  • Interior Amenities: Skylights, Stall Shower, Tub Shower, Furnished
  • Dining Room Type: Utility Room
  • Stories: 3
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Clapboard
  • Exterior Features: Deck, Paved Driveway
  • Foundation Details: Block, Combination, Stone
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Electric, Gas, Heat Pump
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Near Schools, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4792.0
  • Parcel #: 6GLADDINGCTNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 21000.0

Tax Info

  • Tax Annual Amount: 8638.0
  • Tax Lot: 003
  • Tax Map Number: 12
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $8,638 $1,050,900 $485,800 $565,100
2023 $6,768 $682,300 $319,800 $362,500
2022 $6,366 $682,300 $319,800 $362,500
2021 $6,366 $682,300 $319,800 $362,500
2020 $5,751 $559,400 $285,700 $273,700
2019 $5,751 $559,400 $285,700 $273,700
2018 $5,588 $559,400 $285,700 $273,700
2017 $4,908 $437,800 $219,800 $218,000
2016 $4,785 $437,800 $219,800 $218,000
2015 $4,671 $437,800 $219,800 $218,000
2014 $4,572 $379,100 $171,800 $207,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2025 03/26/25 For Sale $1,425,000 +29.5% $622 / Sq Ft
12/02/2021 12/02/21 Sold $1,100,000 -47.6% $330 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
04/12/2021 04/12/21 For Sale $2,100,000 0.0% $631 / Sq Ft
01/03/2017 01/03/17 Rented $1,100 -8.3% --
12/04/2016 12/04/16 Under Contract -- -- --
12/03/2016 12/03/16 For Rent $1,200 -- --
Source: State-Wide MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,100,000 None Available
Deed $393,000 --
Warranty Deed $158,500 --
Warranty Deed $146,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $825,000 Purchase Money Mortgage
Previous Owner $220,850 Unknown
Previous Owner $274,750 Purchase Money Mortgage
Previous Owner $287,000 No Value Available
Previous Owner $265,000 No Value Available
Previous Owner $142,250 Purchase Money Mortgage
Source: Public Records

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Source: State-Wide MLS

MLS Number: 1380890

State-Wide MLS

APN: NEWP-000012-000000-000003