NOT LISTED FOR SALE

79 Tilden Ave Newport, RI 02840

4 Beds
4 Baths
2,951 Sq Ft
9,331 Sq Ft Lot

Last Sold September 28, 2023

Last sale price $1,315,000 $446 Per Sq Ft

112 Days on Market

Highlights

  • Marina
  • 0.21 Acre Lot
  • Wood Flooring
  • Golf Course Community
  • Deck
  • Tennis Courts

About This Home

As of September 2023

TWO MULTI-FAMILY BUILDINGS SOLD AS A PACKAGE FOR $1,475,000. (See listing for 83 Tilden Avenue: MLS #1335221) Introducing an incredible opportunity to acquire 79 AND 83 Tilden Avenue, two adjacent multi-family properties offering (6) TOTAL UNITS plus two additional lots giving ample off-street parking to all tenants. 83 Tilden Avenue is comprised of (2) two-bedroom / one-bath side-by-side units each with a private deck and separate utilities. 79 Tilden Avenue consists of (4) one-bedroom / one-bath apartments each with separate gas and electricity, pine floors throughout, and shared laundry in the basement. The property boasts a convenient location in the Kerry Hill neighborhood, close to essential amenities, the Newport Bridge, downtown historic Newport, and transportation options. With local rental demand remaining strong, this fully-occupied property provides a steady cash flow for investors seeking long-term returns in the Newport real estate market. This property is not in the Historic District.
*Please Note: Four separate lots are being sold as one package (plat 18: lots 141, 014, 148, 027). Figures for lot size, assessment and property taxes represent all four lots.

Last Agent to Sell the Property

Kate Rooney

Gustave White Sotheby's Realty License #RES.0040083 Listed on: 05/17/2023

Last Buyer's Agent

Gordon King

Hogan Associates Christie's License #RES.0040040

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,900

Year Built

  • Built in 1880

Lot Details

  • 9,331

Home Design

  • Combination Foundation
  • Wood Siding
  • Shingle Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 2,951 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Deck
  • 9,331 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 027,148,014,141
  • Assessor Parcel Number 79TILDENAVNEWP

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Kerry Hill Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,900

Year Built

Built in 1880

Lot Details

9,331 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2142
  • Inclusions: Assessments and property tax calculations are for all four lots combined. Gas and electric are separately metered. Water is included in the rent. Coin-op washer and dryer in basement is for the use of all four units.
  • Subdivision Name: Kerry Hill
  • Above Grade Finished Sq Ft: 2951.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1880
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower
  • Stories: 3
  • ResoLivingAreaSource: Other

Exterior Features

  • Lot Features: Multiple lots
  • Construction Type: Plaster, Clapboard, Shingle Siding, Wood Siding
  • Exterior Features: Deck
  • Foundation Details: Combination
  • Patio And Porch Features: Deck

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public, Water Tap Fee

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: 9331.0
  • Parcel #: 79TILDENAVNEWP
  • Zoning: R10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 11899.88
  • Tax Lot: 027,148,014,141
  • Tax Year: 2023
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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 List to Sale Price per Sq Ft Prior Sale
09/28/2023 09/28/23 Sold $1,315,000 +1.2% $446 / Sq Ft
09/07/2023 09/07/23 Pending -- -- --
06/20/2023 06/20/23 Price Changed $1,300,000 -11.9% $441 / Sq Ft
05/17/2023 05/17/23 For Sale $1,475,000 +106.0% $500 / Sq Ft
09/27/2017 09/27/17 Sold $716,000 -1.8% $283 / Sq Ft View Prior Sale
08/28/2017 08/28/17 Pending -- -- --
07/13/2017 07/13/17 For Sale $729,000 -- $288 / Sq Ft
Source: State-Wide MLS

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 $5,756 $662,400 $181,800 $480,600
2024 $5,445 $662,400 $181,800 $480,600
2023 $4,484 $452,000 $117,900 $334,100
2022 $4,344 $452,000 $117,900 $334,100
2021 $4,217 $452,000 $117,900 $334,100
2020 $3,624 $352,500 $97,500 $255,000
2019 $5,436 $352,500 $97,500 $255,000
2018 $5,280 $352,500 $97,500 $255,000
2017 $5,769 $371,000 $134,200 $236,800
2016 $5,624 $371,000 $134,200 $236,800
2015 $5,487 $371,000 $134,200 $236,800
2014 $6,048 $361,700 $102,600 $259,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1335207

State-Wide MLS
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