43 Merton RD Newport, RI 02840

$875,000
43 Merton RD, Newport, RI 02840
1185966

Multi-Family Home for sale in Newport, RI

for $875,000 with 5 bedrooms and 3 full baths. This home was built in 1880 on a lot size of 0.4543 Acre(s).

Property Information

  • $875,000
  • 5 Bedrooms
  • 3 Full Baths
  • Multi-Family
  • Taxes are $6,148
  • Side By Side
  • Active
  • 2 Floors
  • Lot size of 0.4543 Acre(s)
  • Built in 1880
  • Newport, RI
  • Newport County
  • MLS/Web ID is 1185966

 Virtual Tour

Description

What a location! This multi family with 3 units currently have 1 unit just leased and 2 units that will be open for the next lucky owner of this property. Excellent potential rental in desirable location close to Salve Regina, 3 blocks from Cliff Walk and 3 blocks from Tennis Hall of Fame. Large 2 car detached garage, full unfinished basement, and very large fenced backyard with 2 out buildings. Four plus off street parking places in addition to garage. This property has never been offered before. Ready to produce income for the right investor right now!

Interior 9

Appliances

  • Dishwasher
  • Range/Oven
  • Refrigerator

Basement

  • Common
  • Full Basement
  • Other
  • Unfinished

Cooling System

  • Ceiling Fan(s)

Flooring

  • Hardwood Floors
  • Vinyl Flooring
  • Wall-to-Wall Carpet

Heating Source

  • Gas

Heating System

  • Hot Water Heater: Gas

Interior

  • Walls: Plaster

Sewer

  • Municipal

Water Source

  • Community Water
  • Connected

Exterior 8

Driveway

  • Paved Driveway

Exterior

  • Deck
  • Insulated Windows
  • Porch
  • Storage / Out Building / Shed
  • Storm Doors

Fence

  • Fenced

Garage

  • 2 Car
  • Detached

Parking

  • 1-20 Parking Spaces

Separate Utilities

  • Electric Meters

Siding

  • Vinyl

Waterfront Description

  • Walk To

Miscellaneous 5

Location

  • 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 150 Amps

† Excluded Feature

Listed By

Broker: KELLER WILLIAMS RLTY NEWPORT

43 Merton RD, Newport, RI, 02840 is a Multi-Family Home for sale at $875,000 with a lot size of 0.4543 Acre(s). 43 Merton RD has 5 bedrooms, 3.0 baths, and was built in 1880. The property's zip code is 02840 which is in Newport, RI

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Pricing History

Date Price Price Change Description
7/23/2018 $875,000 -12.41 % Price Change
3/30/2018 $999,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Newport $1,413,854 62 % above $749,000 14 % below
Multi-family listings in Newport $841,306 4 % below $725,000 17 % 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