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118 Ruggles Avenue Newport

$2,750,000
9 5 5,878 sq ft

The Property

A unique opportunity to own a legal 6-unit apartment building in Newport Rhode Island in a highly sought after location. This building features numerous updates, abundant off-street parking plus 4 rare garage bays, 6 brand new Navient tankless on demand gas heating systems, the building was fully insulated by Rise Engineering with a new installed city approved fire system. Enjoy a short walk to Murphy Park ( bring your tennis racket ) Close to the water, Gooseberry Beach, Ocean Drive and Bellevue Ave, and more. Don’t miss out on this opportunity.

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Listing Details

MLS Number

1343898

Lot Size:

0.28 acres

Features

  • Basement: Full
  • Shingles
  • Heating: Gas Connected
  • Heating Fuel: Gas
  • Garage: Attached
  • Laundry
  • Type: Apartment
  • Year Built: 1955

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Market Trends for Multi Family Homes
in Newport

  • Overview
    Homes for Sale Today12-93.8% decrease in inventory
    New on Market *3-25% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$334.94$41 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$0$1,774,500 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *%-100% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$0.00$517 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *140 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 Results

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