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105 Memorial Boulevard W Newport

$2,195,000
0 2,466 sq ft

The Property

Presenting 105 Memorial Boulevard West. This 1870 Second-Empire Victorian presents a rare opportunity to own a 3-family residence located directly in the heart of Downtown Newport and in the General Business Zone. Perfectly situated at the intersection of Memorial Boulevard, America’s Cup, and Thames St. this location offers the ultimate in convenience and accessibility.

The home sits directly across from the iconic St. Mary’s church, where JFK and Jacqueline Bouvier exchanged vows. All 3 units are registered with the city for legal participation in short-term rentals, making this an incredible investment opportunity. The building is completely turnkey and will convey fully furnished, allowing you to start generating income immediately. Its prime location ensures a constant flow of visitors and tourists eager to experience all that Newport has to offer. Off-street parking is an added benefit. This property showcases a harmonious blend of timeless character and modern updates including: full bathroom renovations in two units, Mitsubishi mini-splits for efficient climate control, a Navien on-demand heating and hot water system, new siding and paint, and refinished hardwood floors. The care and attention to detail are evident in every corner of this property. Capitalize on the city’s thriving rental market, and indulge in the coastal lifestyle that Newport offers. Rental history and financials are available upon request for qualified parties.

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Listing Details

MLS Number

1334538

Lot Size:

0.06 acres

Features

  • Basement: Full
  • Heating: Baseboard, Forced Water, Other Heat
  • Laundry
  • Type: Mixed Use,Multi Family,Professional/Office,Rental,Residential,Vacation Rental(s)
  • Year Built: 1895

Market Trends for Commercial Properties
in Newport

  • Overview
    Homes for Sale Today9-89.2% decrease in inventory
    New on Market *1-50% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$105.93$502 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$260,000$22,500 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *96.65%11.9% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$272.54$137 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *4149 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 RE/MAX Profnl. Newport, Inc.

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