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18 Rhode Island Avenue Newport

$2,000,000
8 4.1 4,871 sq ft

The Property

Welcome to this gracious and expansive Victorian home spanning over 4800 sq ft, ideally located within walking distance to town. Built in the 1880s, this property exudes charm with its wraparound porch and original details throughout.

Currently configured as a three-family dwelling, this property offers versatility as it can easily be converted back to a single-family home. Unit One is generously sized with two floors of living and features a living room, dining room, den, well-appointed kitchen, and 4 bedrooms and 2 ½ baths.

The second unit is a bright and spacious studio with a large modern bathroom and an updated kitchen that opens to a private deck. The third unit boasts three bedrooms, a living room, dining area, updated kitchen, and bathroom. Additionally, there’s walk-up access to a rooftop deck offering stunning views of the Newport Bridge.

Gorgeous hardwood floors are showcased throughout the home. All utilities have been updated, each unit is separately metered and includes its own laundry facilities. Outside, the beautifully landscaped yard features a paved driveway and a spacious fenced lot with parking for up to 8 cars. This property is a rare find and offers endless possibilities for both investors and homeowners alike.

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Listing Details

MLS Number

1355846

Lot Size:

0.24 acres

Features

  • Basement: Full
  • Balcony
  • Insulated Glass Windows
  • Patio
  • Porch
  • Storm Door
  • Wood
  • Heating: Forced Water
  • Heating Fuel: Gas
  • Laundry
  • Fenced
  • Paved Driveway
  • Paved Lot
  • Type: Apartment
  • Year Built: 1880
  • Water Amenities: Walk to Salt Water, Walk To Water

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Market Trends for Multi Family Homes
in Newport

  • Overview
    Homes for Sale Today10-95.3% decrease in inventory
    New on Market *4-20% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$560.77$2 increase in List Price/Sq.Ft.
    Avg. Sale Price *$1,016,667$265,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *98.65%5% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$411.33$120 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *1097 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?

    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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