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Roults Jean-Francois

jeanfrancoisgroupmgt@gmail.com +1(401) 316-9458

$ 1,499,000

Est. payment -/mo

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27 Dean AVE Newport, RI 02840

6 Beds

3 Baths

2,613 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,613 sqft

Price per Sqft $573

Subdivision Yachting Village

MLS Listing ID 1402726

Style Stacked

Bedrooms 6

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 2,613

Year Built 1900

Annual Tax Amount $8,119

Tax Year 2025

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Multi Family

Property Description

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.

Location

State RI

County Newport

Community Yachting Village

Zoning R10

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Interior Features Interior Steps, Tub Shower

Heating Baseboard, Hot Water, Oil

Cooling None

Flooring Laminate, Vinyl, Wood, Carpet

Inclusions Landlord pays water for the first floor unit (water/sewer) This includes the water for the common coin- op laundry Landlord pays heat for unit 2 and unit 3. OIl Heat. Landlord uses Property Mngt company (Castle Keep) for snow, lawn, and rent collection.

Fireplace No

Appliance Dryer, Dishwasher, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Washer

Laundry Common Area

Exterior

Exterior Feature Porch, Paved Driveway

Parking Features Detached

Garage Spaces 3.0

Community Features Near Hospital, Near Schools, Restaurant, Shopping, Tennis Court(s), Sidewalks

Utilities Available Sewer Connected

Waterfront Description Walk to Water

Porch Porch

Total Parking Spaces 6

Garage Yes

Building

Foundation Stone

Sewer Connected

Water Connected, Multiple Meters

Architectural Style Stacked

Structure Type Drywall,Plaster,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 27DEANAVNEWP

Virtual Tour https://tour.RiLiving.com/27-Dean-Avenue-Newport-RI-02840

Listed by Hogan Associates Christie's

Roults Jean-Francois

Agent | res.res.0042995

+1(401) 316-9458

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