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34 Sherman Street

Newport, RI 02840
  • $1,425,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 1342973
UPDATED: 41 min ago
$1,425,000
  • 6
    BEDS
  • 0.1
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,500
    SQFT
  • $570
    $/SQFT
Type:
Multi-Family
Built:
1811
County:
Area:

School Ratings & Info

Description

Unearth an extraordinary investment gem nestled within Newport's highly coveted Kay/Bull Street neighborhood! This exceptional 4-family residence offers a unique blend of convenience and versatility, featuring distinct utility setups for each unit, accompanied by a detached 2-car garage and abundant off-street parking. Perhaps this home could be your opportunity to convert it to a grand single family home and join a number of other homes in the neighborhood that have had such conversions. The allure deepens as you discover that current rental rates are situated below the thriving market, making it an ideal opportunity for both astute investors and enthusiastic owner-occupiers. Positioned perfectly near the prestigious Bellevue Avenue, the bustling Broadway district, an array of charming shops, culinary delights at top-notch restaurants, and the vibrant heart of downtown Newport. Seize the moment to claim this remarkable property as your own, where investment potential and lifestyle converge seamlessly!

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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: 2023-10-04T08:37:39.813.
www.martonegroup.com/homes/143169292
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34 Sherman Street Newport, RI 02840

  • Price: $1,425,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 41 min ago
  • MLS #: 1342973
6
Beds
5
Baths
0
½ Baths
0.1
Acres
2,500
SQFT
$570
$/SQFT
1811
Built
County:
Newport
Area:
Newport
Property Description
Unearth an extraordinary investment gem nestled within Newport's highly coveted Kay/Bull Street neighborhood! This exceptional 4-family residence offers a unique blend of convenience and versatility, featuring distinct utility setups for each unit, accompanied by a detached 2-car garage and abundant off-street parking. Perhaps this home could be your opportunity to convert it to a grand single family home and join a number of other homes in the neighborhood that have had such conversions. The allure deepens as you discover that current rental rates are situated below the thriving market, making it an ideal opportunity for both astute investors and enthusiastic owner-occupiers. Positioned perfectly near the prestigious Bellevue Avenue, the bustling Broadway district, an array of charming shops, culinary delights at top-notch restaurants, and the vibrant heart of downtown Newport. Seize the moment to claim this remarkable property as your own, where investment potential and lifestyle converge seamlessly!
Exterior Features

Construction Materials DrywallPlaster Covered Spaces 2 Exterior Features DeckPaveddriveway Garage YN Yes Parking Features DetachedGarageGaragedooropener Parking Total 6 Patio And Porch Features Deck Waterfront Features BeachaccessDockaccessWateraccess

Interior Features

Appliances DryerDishwasherExhaustfanElectricwaterheaterGaswaterheaterOvenRangeRefrigeratorRangehoodTanklesswaterheaterWaterheaterWasher Basement ExteriorentryInteriorentryPartialUnfinished Basement YN Yes Cooling AtticfanWindowunits Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring HardwoodLaminateVinylCarpet Heating CentralGasHotwaterIndividual Heating YN Yes Interior Features BathtubSkylightsTubshowerCabletv Window Features Skylights

Property Features

Attached Garage YN No Community Features GolfMarinaNearhospitalNearschoolsPublictransportationRecreationareaRestaurantShoppingTenniscourts Electric Item100AmpServiceCircuitBreakers Human Modified YN Yes Inclusions Owner Occupied 4 Family Unit Land Lease YN No Laundry Features InUnit New Construction YN No Operating Expense 312 Property Sub Type Multifamily Security Features Securitysystemowned Senior Community YN No Sewer ConnectedPublicsewer Structure Type Apartment Tax Annual Amount 10301.42 Tax Assessed Value 692300 Tax Lot 109 Tax Year 2023 Tenant Pays Hotwater Utilities Sewerconnected

[Rhode Island Statewide MLS] logo Listing information © 2023 State-Wide Multiple Listing Service.
Listing provided courtesy of Keller Williams Coastal: .



[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: 2023-10-04T08:37:39.813.
 
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The Martone Group | RE/MAX Properties
696 Douglas Pike
Smithfield RI, 02917