Skip To Content

32 Dearborn Street

Newport, RI 02840
  • $1,395,000
  • STATUS: Active
  • ON SITE: 7 days
  • MLS #: 1283285
UPDATED: 41 min ago
$1,395,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,239
    SQFT
  • $431
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

Rare 5-Unit residential property with detached two car garage and additional parking all located in the desirable downtown Yachting Village. All units are rented with yearly leases and one that is month-to-month. Four units are 1 bedroom/1 bath and the full third/top floor is a 3 bedroom/1 bath with skylights. Unit 5 which is the top floor is furnished and lends itself to seasonal rentals and the potential to expand water/bridge views. Exceptionally well maintained property with great curb appeal, newer roof & driveway, paved overflow parking, updated electrical, vinyl replacement windows, and brand new hot water heater. Fire Code compliant. Many original interior details abound from the gorgeous hardwood floors, glass doors, cast iron radiators, and molding. Nice division and privacy between all units with a center staircase as well as two side staircases. Some of the units have been refurbished, remodeled, and/or painted. Strong financials and rental history with growth potential. Heat (gas) and water/sewer are included in the rents. Common coin-op laundry available on the first level. Located only one block from the harbor and in close walking proximity to all that Newport has to offer. This multi-family is turnkey. 2021 Assessment $715,400. Taxes TBD.

Monthly Payment Calculator





© 2021 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: 2021-06-12T09:37:33.257.
www.martonegroup.com/homes/117889587
Print Image

32 Dearborn Street Newport, RI 02840

  • Price: $1,395,000
  • Status: Active
  • Updated: 41 min ago
  • MLS #: 1283285
0
Beds
0
Baths
0
½ Baths
0.12
Acres
3,239
SQFT
$431
$/SQFT
1900
Built
Neighborhood:
Yachting Village
County:
Newport
Area:
Newport
Property Description
Rare 5-Unit residential property with detached two car garage and additional parking all located in the desirable downtown Yachting Village. All units are rented with yearly leases and one that is month-to-month. Four units are 1 bedroom/1 bath and the full third/top floor is a 3 bedroom/1 bath with skylights. Unit 5 which is the top floor is furnished and lends itself to seasonal rentals and the potential to expand water/bridge views. Exceptionally well maintained property with great curb appeal, newer roof & driveway, paved overflow parking, updated electrical, vinyl replacement windows, and brand new hot water heater. Fire Code compliant. Many original interior details abound from the gorgeous hardwood floors, glass doors, cast iron radiators, and molding. Nice division and privacy between all units with a center staircase as well as two side staircases. Some of the units have been refurbished, remodeled, and/or painted. Strong financials and rental history with growth potential. Heat (gas) and water/sewer are included in the rents. Common coin-op laundry available on the first level. Located only one block from the harbor and in close walking proximity to all that Newport has to offer. This multi-family is turnkey. 2021 Assessment $715,400. Taxes TBD.
Exterior Features

Architectural Style Multi-Family Fencing Fenced Foundation Details CombinationStone Levels Three Or More Parking Total 6

Interior Features

Basement Full Basement YN Yes Cooling None Heating BaseboardHot WaterZoned

Property Features

Community Features GolfMarinaNear SchoolsPublic TransportationRecreation AreaShoppingSidewalksTennis Court(S)Street Lights Electric Circuit Breakers440 Volts Gross Income 95492 Land Lease YN No Laundry Features Common Area Operating Expense 30434 Owner Pays Common Area MaintenanceGasHeatHot WaterInsuranceManagementSnow RemovalSewerTaxesTrash CollectionWater Possible Use Multi-FamilyResidential Property Sub Type Commercial Road Surface Type Concrete Security Features Smoke Detector(S) Sewer ConnectedSanitaryStorm Sewer Tax Annual Amount 10576 Tax Assessed Value 685900 Tax Lot 199 Tax Year 2020 Tenant Pays Electricity Utilities Electricity AvailableNatural Gas AvailableNatural Gas ConnectedSewer Connected Water Source ConnectedPublic Zoning R10

Listing information © 2021 State-Wide Multiple Listing Service.
Listing provided courtesy of Lila Delman Compass.





© 2021 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: 2021-06-12T09:37:33.257.
 
https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1283285-2.jpg https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1283285-2.jpg https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1283285-2.jpg
Logo
The Martone Group | RE/MAX Properties
696 Douglas Pike
Smithfield RI, 02917