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25 Fair Street

Newport, RI 02840
  • $1,295,000
  • STATUS: Active
  • ON SITE: 147 Days
  • MLS #: 1322678
$1,295,000
  • 4
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,700
    SQFT
  • $480
    $/SQFT
Type:
Multi-Family
Built:
1881
County:
Area:

School Ratings & Info

Description

Fantastic investment property available, steps from Thames Street! Located around the corner from Memorial Boulevard and just down from St Mary Church, the shingled 3-unit residential property at 25 Fair Street has wonderful potential. Located in the heart of Newport, it is convenient to everything shopping, restaurants, the Wharf and more! Currently a 4 bedroom, 3 bath building, renting all 3 units will be a breeze. At the back of the property, facing Gidley Street, is a two car (previously 3 car) garage with an available parking spot in front of the garage doors. And, best of all, the garage is an additional source of income. Multi-unit properties like this, and in a location as good as this, do not come on the market that often. Be sure to check out the 3d walk-through tour. Call now for a private showing.

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[Rhode Island Statewide MLS] logo

© 2023 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Martone Group | RE/MAX Properties are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Martone Group | RE/MAX Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-03-19T23:37:41.923.
www.martonegroup.com/homes/134190982
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25 Fair Street Newport, RI 02840

  • Price: $1,295,000
  • Status: Active
  • On Site: 147 Days
  • MLS #: 1322678
4
Beds
3
Baths
0
½ Baths
0.06
Acres
2,700
SQFT
$480
$/SQFT
1881
Built
County:
Newport
Area:
Newport
Property Description
Fantastic investment property available, steps from Thames Street! Located around the corner from Memorial Boulevard and just down from St Mary Church, the shingled 3-unit residential property at 25 Fair Street has wonderful potential. Located in the heart of Newport, it is convenient to everything shopping, restaurants, the Wharf and more! Currently a 4 bedroom, 3 bath building, renting all 3 units will be a breeze. At the back of the property, facing Gidley Street, is a two car (previously 3 car) garage with an available parking spot in front of the garage doors. And, best of all, the garage is an additional source of income. Multi-unit properties like this, and in a location as good as this, do not come on the market that often. Be sure to check out the 3d walk-through tour. Call now for a private showing.
Exterior Features

Construction Materials DrywallPlasterShingle Siding Covered Spaces 2 Foundation Details Stone Garage YN Yes Parking Features DetachedGarage Parking Total 3 Waterfront Features Walk To Water

Interior Features

Appliances DishwasherWater Heater Basement Exterior EntryFullInterior EntryUnfinished Basement YN Yes Cooling 1 Unit Fireplace Features None Fireplace YN No Fireplaces Total 0 Flooring Hardwood Heating BaseboardGasOil Interior Features SkylightsTub Shower Window Features Skylight(S)

Property Features

Attached Garage YN No Community Features MarinaNear SchoolsPublic TransportationShopping Electric 100 Amp Service Inclusions Currently Only One Unit Rented (Lease Expires June 12023). Owner Has Chosen To Leave Other Unit Vacant For The New Owner. Garage is Rented To Scooter World For $600/Mo. (Month To Month Lease) Land Lease YN No Operating Expense 0 Property Sub Type Multi Family Senior Community YN No Sewer Connected Tax Annual Amount 5255 Tax Assessed Value 563300 Tax Lot 127 Tax Year 2022 Utilities Sewer Connected Water Source Connected

[Rhode Island Statewide MLS] logo Listing information © 2023 State-Wide Multiple Listing Service.
Listing provided courtesy of J.E. Group Properties: [IDXCONTACTINFORMATION].



[Rhode Island Statewide MLS] logo

© 2023 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Martone Group | RE/MAX Properties are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Martone Group | RE/MAX Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-03-19T23:37:41.923.
 
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The Martone Group | RE/MAX Properties
696 Douglas Pike
Smithfield RI, 02917