$2,250,000
Estimated Payment$10,626/mo
Multi-Family For Sale

13 Dean Avenue, Newport, RI 02840

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5Beds
5Baths
Multi-Family Home In Harbor Lower Thames

Parking in the Yachting Village! Opportunity to own an updated three family in the heart of downtown Newport. Nicely maintained, the owner has an extensive list of updates including but not limited to windows, bathrooms, kitchens, appliances, insulation and a 6-year young roof. Each unit showcases beautifully refinished hardwood floors, open concept living spaces with updated kitchens and bathrooms, custom insert blinds that toggle from shear to black out, balcony space on each level with room for a bistro table and individual full-size laundry and storage areas for each unit. Shared back yard with a dedicated and convenient locked bike area with interior and exterior entry to the basement for easy access. The property comes with a newly paved oversized parking lot that can accommodate six cars side-by-side or up to nine cars with tandem parking. The seller has completed and will convey to the next steward of 13 Dean Avenue a feasibility study to add a garage that was previously on the property but was removed after 1998. Unit two furnishings are negotiable. Unit one has a lease in place through June 2023. Units two and three are vacant. Past and projected rental incomes available.

13 Dean Avenue is a multi family-home located in Newport, the 02840 ZIP Code, and the William J. Underwood School, Frank E. Thompson Middle School, and Rogers High School attendance zones.

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13 Dean Avenue
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Location
13 Dean Avenue Newport, RI 02840
Home Details

Listing Details

General

  • Total Number of Units: 3
  • Days On Market: 10
  • Number of Buildings: 1
  • Inclusions: Third floor unit was used by the owner, and not leased last four years Tenant rent includes heat electricity currently but not internet cable Units are individually metered for Electric and can be billed separately Unit 2 will be marketed at 2800 plus electric

Interior Details

Rooms

  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Details: ExteriorEntry, Full, InteriorEntry, Unfinished
  • Total Rooms: 15

Utilities

  • Heating: Yes
  • Electric Details: 200 Amp Service
  • Heating Details: Gas, HotWater
  • Cooling: Yes
  • Utilities: Sewer Connected
  • Cooling Details: Ductless

General

  • Window Features: Skylights, ThermalWindows
  • Flooring: Hardwood, Other
  • Appliances: Dryer, ExhaustFan, GasWaterHeater, Microwave, Oven, Range, Refrigerator, Washer
  • Interior Features: CathedralCeilings, Skylights, TubShower

Financial Details

HOA

  • Association Fee: 0 0

    Tax Details

    • Annual Tax Amount: 4917
    • Assessed Tax Value: 527100
    • Zoning: R10

    Expenses

    • Operating Expense: 4800

      Property Details

      General

      • Water Source(s): Connected, Public, WaterTapFee
      • Total Stories: 3
      • Fencing: Fenced
      • Lot Features: Paved
      • Patio & Porch Features: Deck, Porch
      • Laundry Features: Common Area

      Parking

      • Total Number of Parking Spaces: 9
      • Parking Features: No Garage
      • Other Parking: No Garage

      Community

      • Community Features: Golf, Marina, NearHospital, NearSchools, PublicTransportation, RecreationArea, Shopping, TennisCourts, Sidewalks

        Construction Details

        • Foundation Details: ConcretePerimeter, Stone
        • Construction Materials: Drywall, Clapboard

        Location Details

        Region

        • Subdivision Name: Yachting Village

          General

          • Waterfront Features: Walk to Water

            MLS Details

            General

            • Days on Homes.com: 54
            • MLS Number: 1309969
            • Listed: 5/12/2022
            • Last Updated: 7/3/2022
            • Offered By: Lila Delman Compass
            • Listing Source: State-Wide Multiple Listing Service
            Monthly Payment Calculator

            $10,626

            Estimated Mortgage
            Principal & Interest
            $7,589
            Insurance
            $788
            Taxes
            $2,250
            Mortgage Insurance
            $0
            i
            Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
            i
            If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
            Nearby Schools
            School data provided by GreatSchools
            i
            The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs and consider family needs as a part of the school selection process.
            Points of Interest

            Colleges

            Distance
            • Salve Regina University
              1.2 mi
            • Community College of Rhode Island
              3.3 mi

            Military Bases

            Distance
            • Rhode Island National Gaurd
              17.8 mi

            Parks and Recreation

            Distance
            • Old Colony and Newport Scenic Railroad
              1.4 mi
            • Fort Adams State Park
              2.3 mi
            • Brenton Point State Park
              2.3 mi

            Shopping Centers

            Distance
            • Wellington Square
              0.2 mi
            • Bellevue Plaza
              0.8 mi
            • Bellevue Gardens Shopping Center
              0.9 mi
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            Listing Agent
            Newport Living Group
            Lila Delman Compass
            Newport, RI
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            $2,250,000

            5 Beds5 Baths

            13 Dean Avenue

            Newport, RI 02840

            Newport Living Group
            Lila Delman Compass