13 Dean Avenue, Newport, RI 02840
Local realty services provided by:Empire Real Estate Group ERA Powered
Listed by:the wp group
Office:smith and oak real estate co.
MLS#:1389865
Source:RI_STATEWIDE
Price summary
- Price:$1,675,000
- Price per sq. ft.:$684.23
About this home
Please do not walk the property--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 9 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. The oversized lot presents a great opportunity to add a garage with lofted unit or living space (ADU) above. With only 25% of building coverage, there is ample room to add this additional dwelling without sacrificing valuable parking for you or your tenants. Each unit comes w/ new dedicated Maytag washer/dryers. Ductless split systems are raised for protection against the elements. Tremendous rental history seasonally, annually, or occupy the third unit and utilize owner occupant short-term rental ability. Buyer to conduct due diligence.
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Home facts
- Year built:1900
- Listing ID #:1389865
- Added:72 day(s) ago
- Updated:September 25, 2025 at 01:57 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:3
- Half bathrooms:2
- Living area:2,448 sq. ft.
Heating and cooling
- Cooling:Ductless
- Heating:Electric, Gas, Heat Pump
Structure and exterior
- Year built:1900
- Building area:2,448 sq. ft.
- Lot area:0.09 Acres
Utilities
- Water:Connected, Multiple Meters
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$1,675,000
- Price per sq. ft.:$684.23
- Tax amount:$5,678 (2025)
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 Empire Real Estate Group ERA Powered are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved. Date Last Update: September 25, 2025New listings near 13 Dean Avenue
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