138 Gibbs Avenue Newport

$1,450,000
4 1.5 2,278 sq ft

The Property

Rarely does a property offer this combination of lot size, parking, walkability, and future potential in the heart of Newport. Set on an oversized, fully fenced 0.21 acre lot just moments from Easton’s Beach, Cliff Walk, Bellevue Avenue, and downtown Newport, 138 Gibbs Avenue presents an exceptional opportunity in one of the city’s most sought after neighborhoods. Offering 2,278 square feet of living space, this meticulously maintained home features beautiful hardwood floors, 4 bedrooms, 1.5 bathrooms, and a functional floor plan designed for comfortable everyday living. The expansive backyard provides a private retreat rarely found in Newport, complete with a spacious deck, and stone patio/outdoor fireplace, perfect for entertaining, relaxing, and enjoying Newport’s coastal lifestyle.

A detached two-car garage and parking for five additional vehicles provide a level of convenience seldom available in this location. While perfectly livable and well cared for as-is, the property also offers exciting opportunities for future enhancement. Buyers may explore additional expansion through remaining lot coverage or the potential for a third-floor dormer addition, allowing the home to evolve alongside their needs (subject to approvals). Whether seeking a year-round residence or seasonal retreat, 138 Gibbs Avenue delivers something increasingly difficult to find in Newport: space to enjoy today and flexibility for tomorrow.

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Listing Details

MLS Number

1414298

Lot Size:

0.21 acres

Features

  • Basement: Full, Interior Only, Unfinished
  • Fireplace: Pellet Insert
  • Heating: Natural Gas, Baseboard
  • Heating Fuel: Natural Gas, Baseboard
  • Garage: 1
  • Type: Colonial
  • Year Built: 1920

Market Trends for Single Family Homes
in Newport

  • Overview
    Homes for Sale Today93-91.7% decrease in inventory
    New on Market *6042.9% increase in new listings
    Avg. Asking Price/Sq.Ft. *$808.74$63 increase in List Price/Sq.Ft.
    Avg. Sale Price *$1,317,571$6,321 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.13%-1% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$739.04$62 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *612 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Serhant New England

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