NOT LISTED FOR SALE
5 Beds
4.5 Baths
5,028 Sq Ft
6,534 Sq Ft Lot

Last Sold December 15, 2023

Last sale price $1,700,000 $338 Per Sq Ft

32 Days on Market

Highlights

  • Marina
  • 0.15 Acre Lot
  • Attic
  • Golf Course Community
  • Wood Flooring
  • 4-minute walk to Aquidneck Growers Market (Wednesday)

About This Home

As of December 2023

Step into the future with this captivating 3-Unit Historic Hill property. Spanning a substantial lot, offering four off-street parking spaces, and boasting expansive square footage above and below. With its freshly painted front exterior and newly refinished hardwood floors, this fully vacant property is ready for the next stewards. This well-maintained property carries the remarkable history of once being the combined residence and medical office of Dr. Marcus Wheatland. Currently, the property comprises three distinct units; each with separate utilities. The owner's side, featuring three bedrooms, offers comfortable single-level living, along with a second-level for additional guest accommodations. On the western side, there are two identical 1200-square-foot rental units that provide a reliable source of rental income. Consider the various opportunities this property presents! With a paved patio and 4 off-street parking spaces, this southern-facing property ensures commanding curb appeal. The next chapter of its story is in your hands. Whether you're a savvy investor, a history enthusiast, or someone with a vision of a unique home, don't miss the opportunity to leave your mark on Newport's history. Come and explore the endless possibilities that this property holds. See MLS #1347174 for single family listing.

Last Agent to Sell the Property

LeAnne West

Gustave White Sotheby's Realty License #RES.0042539 Listed on: 11/02/2023

Gustave White Sotheby's Realty

Co-Listed By

Chandler Lyell

Gustave White Sotheby's Realty License #REB.0015026

Last Buyer's Agent

Christopher Walker

William Raveis Inspire License #RES.0034034

William Raveis Inspire

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,020

Year Built

  • Built in 1832

Lot Details

  • 6,534

Home Design

  • Brick Foundation
  • Block Foundation
  • Wood Siding
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 5,028 Sq Ft Home
  • 2-Story Property
  • Skylights
  • 4 Fireplaces
  • Fireplace Features Masonry
  • Workshop
  • Storage Room
  • Utility Room
  • Permanent Attic Stairs
  • Storm Windows

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Utilities

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

Additional Features

  • Walking Distance to Water
  • 6,534 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 8486JOHNSTNEWP

Community Details

Overview

  • 3 Units
  • Historic Hill Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

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

Building Details

  • Operating Expense $4,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,020

Year Built

Built in 1832

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Co List Office Mls Id: GUST
  • Co List Office Phone: 401-849-3000
  • Inclusions: All units are vacant. Old leases were under market value at $2000/mo. All utilities are separate.
  • Subdivision Name: Historic Hill
  • Above Grade Finished Sq Ft: 5028.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1832
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Masonry
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Attic, Permanent Attic Stairs, Skylights, Tub Shower
  • Dining Room Type: Laundry, Storage Room, Utility Room, Workshop
  • Stories: 2
  • Window Features: Skylight(s), Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Wood Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Block, Brick/Mortar, Concrete Perimeter

Garage/Parking

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

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: Ductless, Heat Pump, 1 Unit
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: 8486JOHNSTNEWP
  • Zoning: R3
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 4000.0

Tax Info

  • Tax Annual Amount: 14020.0
  • Tax Lot: 28
  • Tax Year: 2023

Range of Values:

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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
12/15/2023 12/15/23 Sold $1,700,000 -12.8% $338 / Sq Ft
12/04/2023 12/04/23 Pending -- -- --
11/02/2023 11/02/23 For Sale $1,950,000 -- $388 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1347175

State-Wide MLS

APN: NEWP M:028 B:0045