43 Farewell ST Newport, RI 02840

$849,000
43 Farewell ST, Newport, RI 02840
1183703

Multi-Family Home for sale in Newport, RI

for $849,000 with 8 bedrooms and 5 full baths. This home was built in 1810 on a lot size of 0.0900 Acre(s).

Property Information

  • $849,000
  • 8 Bedrooms
  • 5 Full Baths
  • Multi-Family
  • Taxes are $5,248
  • Up and Down
  • Active
  • 3 Floors
  • Lot size of 0.0900 Acre(s)
  • Built in 1810
  • Newport, RI
  • Newport County
  • MLS/Web ID is 1183703
  • New Construction

Description

Large Downtown Newport 8 bedroom 5 full bath multi-family currently on the seasonal rental cycle with projected rents of $75K- $80K annually! Situated in an ideal downtown location providing investors the flexibility to capitalize on season rentals or yearly! A one minute walk to Thames or Washington Square but just north of the downtown traffic. An easy commute to the Newport Bridge or Navy Base. The property provides 6 off street parking spots, 2 brand new modern kitchens, spacious bedrooms, separately metered utilities, brand new gas heating system, large front porch, and new stone patio and landscaping! Built in 1810 this classic mansard roofed 2 family is full of period details that reflect it's historic character but sits just outside the historic zone and not in a flood zone reducing annual costs. The first floor unit has 3 large bedrooms and one bath with private entrance. The second and third floor unit has 5 bedrooms, 4 full baths, private entrance, 2 living rooms and bar with stove top on the third floor makes this layout ideal for roommates! Rental rates below reflect this winter's leases only September 2017-May 2018. Less

Interior 8

Basement

  • Full Basement
  • Other
  • Unfinished

Building Amenities

  • Laundry Room

Flooring

  • Ceramic Tile Flooring
  • Hardwood Floors

Heating Source

  • Gas

Heating System

  • Hot Water Heater: Gas
  • Steam

Interior

  • Insulation
  • Walls: Plaster

Sewer

  • Municipal

Water Source

  • Community Water

Exterior 4

Foundation

  • Brick
  • Stone

Parking

  • 1-20 Parking Spaces

Roof

  • Insulated Roof

Siding

  • Clapboard
  • Wood Exterior

Miscellaneous 5

Location

  • Near Hospital
  • Near Recreation
  • Near School
  • Near Shopping

Other

  • Copper Plumbing
  • CPVC/PVC Plumbing

Public Transportation Location

  • Close to Bus

Restrictions

  • No Pets
  • Smoking Restricted

Utilities

  • Electric 200 Amps

Rental 2

Landlord Pays

  • Heat

Tenant Pays

  • Heating

† Excluded Feature

Listed By

Broker: RI FLAT FEE.COM

43 Farewell ST, Newport, RI, 02840 is a Multi-Family Home for sale at $849,000 with a lot size of 0.0900 Acre(s). 43 Farewell ST has 8 bedrooms, 5.0 baths, and was built in 1810. The property's zip code is 02840 which is in Newport, RI

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Market Pricing

Average % of sale price Median % of sale price
All listings in Newport $1,393,258 64 % above $699,250 18 % below
Multi-family listings in Newport $859,606 1 % above $737,000 13 % below

Get the facts about Newport, RI!

Population 24,468
Population Growth (since 2000) -8 %
Median Income $62,618
Median Age 37.35
Households w/ Children 18 %

Residential Dwellings

  • Owned 4613
  • Vacant 2192
  • Rented 5924

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Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363