32 Houston Avenue Newport

$1,395,000
5 3 2,552 sq ft

The Property

Located in Newport’s beloved Fifth Ward, this three-family property sits on an 8,000+ square foot lot just steps from the harbor and King Park. Enjoy easy access to downtown, waterfront, bars, restaurants, shops and nearby beaches, all from one of the city’s most walkable neighborhoods. The first-floor unit is a recently updated three-bedroom apartment featuring in-unit laundry. The second and third floors each offer well-maintained one-bedroom units, with shared laundry available in the basement.

Two of the three units currently have leases in place. Whether you maintain the property as a multi-family investment, renovate to increase rental potential, or explore a conversion to a large single-family residence, this property offers plenty of options. The oversized lot provides plenty of off-street parking along with room for future expansion or improvements. A rare opportunity in a prime location with strong future potential.

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Listing Details

MLS Number

1404910

Lot Size:

0.20 acres

Features

  • Basement: Full, Walkout, Unfinished
  • Marina
  • Recreational Facilities
  • Restaurants
  • Shopping
  • Near Swimming
  • Heating: Natural Gas, Baseboard, Forced Water
  • Heating Fuel: Natural Gas, Baseboard, Forced Water
  • Laundry
  • Year Built: 1880
  • Water Amenities: Walk to Salt Water, Walk To Water

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Market Trends for Single Family Homes
in Newport

  • Overview
    Homes for Sale Today76-92.7% decrease in inventory
    New on Market *3478.9% increase in new listings
    Avg. Asking Price/Sq.Ft. *$699.27$206 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$996,111$1,508,489 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *95.33%1.8% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$537.69$112 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *10315 increase 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?

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

Listed by Re/Max Results

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