9 Ann Street Newport

$1,675,000
8 3 4,234 sq ft

The Property

Rare opportunity to own a well-maintained, income-producing property in a Prime Newport location. The property offers a strong year-round cash flow with a zero-vacancy history. The property has been professionally managed and maintained. Looking to the future, there is potential for an increase in both summer and winter rental income, along with the possible creation of a separate third unit/owners suite on the top floor.

This spacious downtown two-family includes a single-level, three-bedroom first-floor unit. The second unit spans the second and third floors and features five bedrooms, two full bathrooms, and a deck. Additional highlights include separate utilities, newer gas heat, and a three-year-old roof. Enjoy an easy walk to restaurants, shops, the waterfront, and downtown Newport attractions.

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Listing Details

MLS Number

1412990

Lot Size:

0.04 acres

Features

  • Basement: Full, Interior Only, Unfinished, Laundry, Utility
  • Balcony
  • Deck
  • Heating: Oil, Forced Water
  • Heating Fuel: Oil, Forced Water
  • Laundry
  • Sidewalks
  • Year Built: 1890

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Market Trends for Single Family Homes
in Newport

  • Overview
    Homes for Sale Today88-92.1% decrease in inventory
    New on Market *4811.6% increase in new listings
    Avg. Asking Price/Sq.Ft. *$775.87$8 increase in List Price/Sq.Ft.
    Avg. Sale Price *$1,125,227$552,096 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.72%1.2% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$770.58$118 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *743 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.

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Compass

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