32 Houston Avenue Newport

$1,350,000
5 3 2,552 sq ft

The Property

Rare three-family home in Newport’s Fifth Ward set on an oversized 8,500+ square foot lot, just six doors from King Park and Newport Harbor. A short walk brings you to Thames Street, downtown, and some of the area’s best dining, shops, beaches, NYYC, Ida Lewis YC, and more. One of Newport’s most walkable and desirable coastal neighborhoods. The property features an updated first-floor three-bedroom unit with in-unit laundry, along with two well-maintained one-bedroom units on the second and third floors.

Two of the three units currently have leases in place, offering immediate income with flexibility moving forward. Whether maintained as a multi-family investment, repositioned to increase rental potential, or converted into a larger single-family residence, the property offers multiple paths depending on your goals. The expansive lot provides ample off-street parking and presents additional opportunity for outdoor improvements, a garage, or future expansion. A strong offering in a PRIME location, with both current income and long-term upside.

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Listing Details

MLS Number

1410680

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 Today85-92% decrease in inventory
    New on Market *4587.5% increase in new listings
    Avg. Asking Price/Sq.Ft. *$783.81$3 increase in List Price/Sq.Ft.
    Avg. Sale Price *$1,812,205$664,544 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *95.95%2.7% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$685.93$138 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6946 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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