13 Dean Avenue Newport, RI $ 1,950,000
13 Dean Avenue
$ 1,950,000
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13 Dean Avenue

Newport, RI, 02840
$ 1,950,000
Bedrooms5 Baths3.2 Sq 2,356

Monthly Estimate*

$ 13,621

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Multi-Family Home for sale in Newport, RI

for $1,950,000 with 5 bedrooms and 3 full baths, 2 half baths. This 2,356 square foot home was built in 1900 on a lot size of 0.094.

In Newport's sought-after Yachting Village, a superb opportunity awaits to own a meticulously updated three-family home in the bustling heart of downtown. This property has undergone extensive renovations by the current owner, including newer windows, renovated bathrooms and kitchens, updated appliances, enhanced insulation, and a roof just eight years old. Inside, each unit boasts elegant refinished hardwood floors, open-concept living spaces, modern kitchens and bathrooms, and custom insert blinds for flexible lighting control. Balcony space on every level provides a charming outdoor retreat, while 3 full-size washer/dryers and storage area ensure convenience for each unit. Outside, a backyard features secure bike storage, and a newly paved oversized parking lot accommodates up to six cars side-by-side or nine with tandem parking. The seller includes a feasibility study for a garage addition, previously present until 1998. All units have leases starting between April 15th to May 1, providing immediate rental income. The home is being sold furnished and fully tenanted. Whether for investment or residence, 13 Dean Avenue presents an enticing prospect in Newport's vibrant downtown scene. Detailed rental income records offer valuable insights for investors.

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Multi-Family Active

Price

$ 1,950,000

Bedrooms

5

Full Bath

3

Half Bath

2

Property Type

Multi-Family

Taxes

$ 4,120

Style

MultiFamily

Lot Size

0.094

Year Built

1900

Town/City

Newport

County/Region

Newport

MLS | Web ID

1356429

Features
General
Interior Features CathedralCeilings Skylights TubShower
Sewer Connected PublicSewer
Heating Gas HotWater
Cooling Ductless
Utilities SewerConnected
Possession RentalAgreement
Appliances Dryer ExhaustFan GasWaterHeater Microwave Oven Range Refrigerator Washer
Exterior Features Deck Porch PavedDriveway
HOA 0.0
Garage Spaces 0.0
Patio/Porch Features Deck Porch
Construction Materials Drywall Clapboard
Year Built 1900
Electric Item200AmpService
Property SubType MultiFamily
Tax Year 2023
Community Features Golf Marina NearHospital NearSchools PublicTransportation Restaurant Shopping TennisCourts Sidewalks
Assoc Fee Paid Per Annually
County Newport
Operating Expense 12000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Yachting Village
Garage Y/N N
Total Rooms 15
Status Active
City Newport
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
Total Units 3
Lot Size Square Feet 4095.0
Waterfront Y/N N
Carport Y/N N
Street Name Dean
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 4120.55
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 10
Standard Status Active
Tax Assessed Value 814100
Tax Lot 202
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Interior
Basement ExteriorEntry Full InteriorEntry Unfinished
Flooring Hardwood Other
Total Fireplaces 0
Fireplace Features None
Total Stories 3
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Skylights ThermalWindows
Fireplace Y/N N
Above Grade Finished Area 2356.0
Full Baths 3
Half Baths 2
Street Suffix Avenue
Laundry Features CommonArea
Total Bedrooms 5
Electric On Property Y/N N
Total Baths 5
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Exterior
Fencing Fenced
Parking Features NoGarage
Lot Features Paved
Water Source Connected Public WaterTapFee
Total Parking 9.0
Inclusions Units are individually metered for Electric and can be billed separately.
Lot Size Area 4095.0
Foundation Details ConcretePerimeter Stone
Number of Buildings 1
Spa N
Building Area Total 2356.0
Lot Size Acres 0.094
Lot Size Units SquareFeet
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 13
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* Excluded Features
List By
Coldwell Banker Realty

Broker

tracy.shea@cbrealty.com

Email

Affordability Calculator

$13,965
Per Month
98%
2%
0%
Monthly Principal & Interest
$13,621
Monthly Property Taxes
$343
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
248553 Elementary School
248554 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/12/2024$1,950,000 Listed Price

Map


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13 Dean Avenue, Newport, RI, 02840 is a Multi-Family Home for sale at $1,950,000 with 2,356 sqft and a lot size of 0.094. 13 Dean Avenue has 5 bedrooms, 3.2 baths, and was built in 1900. The property's zip code is 02840 which is in Newport, RI