27 Dean Avenue, Newport, RI 02840
Local realty services provided by:CENTURY 21 Topsail Realty
Listed by: holly mclear401-855-0485
Office: hogan associates christie's
MLS#:1402726
Source:RI_STATEWIDE
Price summary
- Price:$1,499,000
- Price per sq. ft.:$573.67
About this home
Prime Downtown Newport Investment Opportunity in the charming Yachting Village! Just steps from the waterfront, restaurants, boutiques, and historic mansion tours, this exceptional three-family property offers immediate income and outstanding future potential. The well-maintained building features three updated units, each offering 2 bedrooms and 1 bath, all currently leased with a history of annual rental performance. A rare three-car garage and off-street parking (two spaces per unit) add tremendous value in this highly walkable, in-demand location. The property is well maintained with easy-care siding, young roof, asphalt driveway, a welcoming covered front porch, spacious entry, separate electric meters, common coin-op laundry, and a shared yard with an outdoor garden area. For investors and owner-occupants alike, the upside is compelling. Explore options to transition to seasonal rentals, or pursue future value-add opportunities such as condominium conversion, creating a spacious owner's townhouse by combining upper floors, dormer the third floor for distant water views, convert the garage to an ADU, or seek a variance to operate a guest rental in one unit. Dean Avenue, a street experiencing revitalization with elevated renovations, this property benefits from rising neighborhood values in one of Newport's most sought-after downtown locations. A rare opportunity to own a versatile, income-producing asset in the very heart of Newport.
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Home facts
- Year built:1900
- Listing ID #:1402726
- Added:49 day(s) ago
- Updated:February 27, 2026 at 05:55 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:12
- Flooring:Carpet, Laminate, Vinyl, Wood
- Bathrooms Description:Tub Shower
- Kitchen Description:Dishwasher, Oven, Range, Range Hood, Refrigerator
- Basement:Yes
- Basement Description:Exterior Entry, Full, Interior Entry, Unfinished
- Living area:2,613 sq. ft.
Heating and cooling
- Heating:Baseboard, Hot Water, Oil
Structure and exterior
- Year built:1900
- Building area:2,613 sq. ft.
- Lot area:0.11 Acres
- Construction Materials:Drywall, Plaster, Vinyl Siding
- Exterior Features:Paved Driveway, Porch
- Foundation Description:Stone
Utilities
- Water:Connected, Multiple Meters
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$1,499,000
- Price per sq. ft.:$573.67
- Tax amount:$8,119 (2025)
Features and amenities
- Appliances:Range, Range Hood, Refrigerator, Washer
- Laundry features:Common Area, Dryer, Washer
- Amenities:Oil Water Heater
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