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5 Elliott Place Newport

$1,475,000
8 3 3,358 sq ft

The Property

Nestled just off vibrant Broadway, this well-maintained 3-family home is a great opportunity in a sought-after location. The property offers two spacious 3-bedroom apartments and a beautifully updated 2-bedroom unit, all featuring modern upgrades. This home has also undergone major renovations including a newer roof, siding, windows, electrical, plumbing, and heating systems.

Additional highlights include five off-street parking spaces, new EV charger, a two-car garage, and a charming deck and garden area.

Boasting a strong rental history, close proximity to Broadway’s restaurants and shops, convenient highway access, and it’s location near the U.S. Naval War College, this turnkey property is an ideal choice for both investors and owner-occupants.

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Listing Details

MLS Number

1373599

Lot Size:

0.12 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished, Laundry, Storage Space, Utility
  • Bus
  • Highway Access
  • Hospital
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Fireplace: Brick
  • Heating: Natural Gas, Oil, Forced Water
  • Heating Fuel: Natural Gas, Oil, Forced Water
  • Garage: 1
  • Laundry
  • Paved Driveway
  • Year Built: 1870

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Market Trends for Multi Family
in Newport

  • Overview
    Homes for Sale Today14-53.3% decrease in inventory
    New on Market *650% increase in new listings
    Avg. Asking Price/Sq.Ft. *$332.40$156 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,500,000$299,500 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *93.75%-7.2% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$317.26$245 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *2129 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 Edge Realty Ri

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