5 Elliot Place Newport

$1,375,000
8 3 3,358 sq ft

The Property

Just off Upper Broadway, this well-maintained three-family home offers two spacious 3-bedroom apartments and an updated 2-bedroom apartment, all featuring modern improvements.

Major capital expenditures have already been addressed, making this a truly turnkey opportunity. Recent improvements include a newer roof, clapboard siding, windows and exterior PVC trim, gutters, chimney caps, updated electrical, plumbing and heating systems, a new sewer main, sump pump, EV charging station, and Trex decking. The individual units were also updated just a few years ago.

Additional highlights include five off-street parking spaces, a two-car garage, deck, and garden area. Ideally located just off Broadway, the property is close to restaurants and shops, the U.S. Naval War College, downtown Newport, and convenient highway access.

Lastly, this property is eligible for a 2/1 interest rate buydown through AnnieMac Home Mortgage. Qualified buyers may be able to start with an interest rate 2% below the prevailing rate in year one and 1% below in year two, subject to lender approval and program guidelines. Contact the listing agent for additional details.

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Listing Details

MLS Number

1424387

Lot Size:

0.12 acres

Features

  • Basement: Full, Bulkhead, Unfinished, Utility
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Heating: Natural Gas, Oil, Forced Water
  • Heating Fuel: Natural Gas, Oil, Forced Water
  • Garage: 1
  • Laundry
  • Year Built: 1870

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Market Trends for Single Family Homes
in Newport

  • Overview
    Homes for Sale Today126-89.8% decrease in inventory
    New on Market *6251.2% increase in new listings
    Avg. Asking Price/Sq.Ft. *$718.01$54 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,487,300$418,414 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.38%5.1% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$834.49$80 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6273 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 Edge Realty RI
Email:
Phone: 401-783-1007

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