7 - 9 Dearborn St

Newport, RI 02840 Directions
$920,000
  • 8Bed
  • 5Baths
  • 4,597Sqft
  • 1900Built
  • $200Price/Sqft

Property Highlights

  • Neighborhood: Yachting Village
  • Days on Market: 38
  • MLS: 1226255

Property Highlights

  • Neighborhood: Yachting Village
  • Days on Market: 38
  • MLS: 1226255

Rare 4-5 unit multi-family in the heart of Newport's famed Yachting Village! With rental rates currently FAR under market value, there is plenty of 'meat on the bone' here for any savvy investor. Zoned for 5 separate units, but currently rented as 4, the necessaries have all been tended to: roof, boiler, hot water heaters and more. The first floor comprises the largest unit, a three bed (plus office) apartment with 2 full baths and direct access to the back yard. The second floor is divided into two lucrative apartments: a one bed one bath, and a two bed one bath. The top floor houses the marquis unit, which boasts an open floor-plan and a roof-deck...

Property Highlights

  • Neighborhood: Yachting Village
  • Days on Market: 38
  • MLS: 1226255

Rare 4-5 unit multi-family in the heart of Newport's famed Yachting Village! With rental rates currently FAR under market value, there is plenty of 'meat on the bone' here for any savvy investor. Zoned for 5 separate units, but currently rented as 4, the necessaries have all been tended to: roof, boiler, hot water heaters and more. The first floor comprises the largest unit, a three bed (plus office) apartment with 2 full baths and direct access to the back yard. The second floor is divided into two lucrative apartments: a one bed one bath, and a two bed one bath. The top floor houses the marquis unit, which boasts an open floor-plan and a roof-deck with sweeping views of Newport Harbor! Truly a diamond in the rough for anyone looking to maximize income potential.

Rare 4-5 unit multi-family in the heart of Newport's famed Yachting Village! With rental rates currently FAR under market value, there is plenty of 'meat on the bone' here for any savvy investor. Zoned for 5 separate units, but currently rented as 4, the necessaries have all been tended to: roof, boiler, hot water heaters and more. The first floor comprises the largest unit, a three bed (plus office) apartment with 2 full baths and direct access to the back yard. The second floor is divided into two lucrative apartments: a one bed one bath, and a two bed one bath. The top floor houses the marquis unit, which boasts an open floor-plan and a roof-deck with sweeping views of Newport Harbor! Truly a diamond in the rough for anyone looking to maximize income potential.

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  • Additional Information
    • Electrical: 100 Amps
    • Gross Expenses: 10000.0000
    • Gross Income: 51000
    • Historic?: Unknown
    • Insulation: Unknown
    • Living Area SqFt: 4,597
    • Neighborhood: Yachting Village
    • Sewer: Connected, Public Connected
    • Status: Active
    • Subtype: Apartment
    • Type: 2-4 Units Multi Family
    • Unit Count: 4
    • Year Built: 1900
    • Zoning: r10
  • Interior/Exterior Features
    • Beds: 8
    • Exterior Features: Clapboard, Insulated Glass Windows, Porch, Wood
    • Flooring: Hardwood, Vinyl, Wall to Wall Carpet
    • Full Baths: 5
    • Heat: Forced Water, Radiant Heat
    • Heat Fuel: Gas
    • Hot Water: Electric, Individual, Owner Pays, Tank
    • Laundry Room: Common, In Building
    • Levels: 3
    • Plumbing: Pvc
    • Rooms: 22
    • Stories: 3
    • Total Baths: 5

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than William Pitt Sotheby's International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Data is updated as of 07/18/2019. Listed By: Keller Williams Rlty Newport.

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