28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport
28 Young Street, Newport

28 Young Street Newport

$1,410,000
6 3 2,828 sq ft

Map View Street View

The Property

Prime downtown Newport three-family ideally located between Spring and Thames Street, just steps from the waterfront, dining, and shops. Strong rental history & income growth potential. Young Street is one of the few two-way streets in this downtown neighborhood, offering added convenience for tenants. Each of the three units offers 2 bedrooms and 1 bath, with all floors currently leased, for immediate cash flow.

The building has a proven rental history with current rents well below market value. This would be a perfect seasonal rental which would maximize the rental return on investment. Seperate utilites for all units including furnaces. New hard-wired smoke alarm system being installed. Off-street parking for 3 cars plus a 2+ car garage. Garage is definite ADU possibility. Close proximity to Salve Regina the harbor, and downtown attractions make this an attractive year-round or seasonal rental option. Rarely does a three-family in this location, with this level of upside potential, come to market.

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Listing Details

MLS Number

1395235

Lot Size:

0.08 acres

Features

  • Basement: Full, Bulkhead, Unfinished, Utility
  • Bus
  • Hospital
  • Marina
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Balcony
  • Heating: Natural Gas, Baseboard
  • Heating Fuel: Natural Gas, Baseboard
  • Garage: 1
  • Laundry
  • Local Historic District
  • Sidewalks
  • Year Built: 1885
  • Water Amenities: Walk to Salt Water, Walk To Water

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Market Trends for Single Family Homes
in Newport

Listed by Hogan Associates Christie's
Email:
Phone: 401-845-9500

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