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13 Dean Avenue, Newport, RI 02840

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For Sale

$1,549,999

5 beds • 3 baths • 2 half baths • 2,448 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $633.17
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Newport is the place to be! Have your own place in the heart of yachting village with plenty of room to park your car and your tender. Walk to all the Newport happenings from your doorstep. Start your Newport story with this exceptional investment. Rent out the other two apts or have your in-laws or extended family join you next summer. Life is too short not to plan ahead for your summer fun. Sold furnished! Fully-restored 3 unit on oversized lot (25% building cov.) in the heart of Newport's Historic Yachting Village! Located steps to Thames Street and all Newport has to offer, this is a tremendous investment or owner occupant opportunity offering as high as a 8.2% Cap Rate--a stellar return for the area, and up to 6+ PARKING SPACES. The entire home has been renovated and restored from the roof to the Premium Andersen Replacement Windows with transferrable warranty. The home features three large units, (2) 2 BR/ 1.5 BA, and (1) 1BR/ 1 BA, all currently rented. Units feature hardwood flooring, premium bathrooms and kitchens completely updated and remodeled. Each unit has its own energy efficient ductless heating and cooling system, and is also connected to gas, water, sewer. The roof is young, and was stripped and replaced in 16 with transferrable warranties. Each unit comes w/ new dedicated Maytag washer/dryers.
MLS# 1389865

Courtesy Of Smith And Oak Real Estate Co.

(401) 464-2617

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Deck
  • Appliances
    Dryer
  • Architecture Style
    Other
  • Floor Covering
    Hardwood
  • Lot Size
    0.09 Acres

Map and Directions

Directions to 13 Dean Avenue, Newport, RI 02840

Home seller CENTURY 21 The Seyboth Team

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CENTURY 21 The Seyboth Team

(508) 726-3492
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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.