Sold
Last Sold Price
4 beds1,628 sqft

11 Merton Rd, Newport, RI 02840

Multi FamilyProperty Type
0.05 acresLot Size
1900Year Built
$1,044/sq ftPrice per sq ft
$8/moHOA Fees
1 carParking Spaces

Description

Welcome to 11 Merton Road, a rare investment opportunity located in the historic heart of Newport. This legal Airbnb-approved short-term rental property features two fully registered units, offering a chance for investors or buyers seeking a second home with substantial income potential. Ideally situated to capitalize on Newport's thriving tourism market, this property provides both versatility and undeniable charm. The residence is divided into two distinct 2-bedroom, 1-bath units. The upper-level...Welcome to 11 Merton Road, a rare investment opportunity located in the historic heart of Newport. This legal Airbnb-approved short-term rental property features two fully registered units, offering a chance for investors or buyers seeking a second home with substantial income potential. Ideally situated to capitalize on Newport's thriving tourism market, this property provides both versatility and undeniable charm. The residence is divided into two distinct 2-bedroom, 1-bath units. The upper-level unit boasts a spacious, open layout with central air conditioning, plus access to a generous private deck perfect for relaxation or entertaining. The first-floor unit offers modern upgrades and cozy living spaces. Both units benefit from updated heating and cooling systems for year-round comfort, along with new composite siding for a low-maintenance exterior. Additional highlights include off-street parking and a private outdoor space for residents to enjoy. The property's unbeatable location is just steps from the Tennis Hall of Fame, the elegant shops and dining along Bellevue Avenue, and a short stroll to the stunning Cliff Walk, beaches, and the Newport waterfront. With its prime location, the property is poised to attract consistent rental demand. Don't miss this exceptional chance to own a versatile, income-generating property that combines steady revenue.
  • Listed by: Kevan Campbell 401.556.9563 kevan@hoganassociatesre.com Brokerage DRE #REB.0016969 • Hogan Associates Christie's
Listing closed: 05/20/2025 12:00 AM • Source: Rhode Island Association of REALTORS®, MLS#: 1384067
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Location

Listing Courtesy of Hogan Associates Christie's
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Payment Calculator

$9,549 per month

30 year fixed, 7.03% Interest

Principal and Interest

$9,076

Property Taxes

$465

HOA Dues

$8

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Property Information for 11 Merton Road

Property Details

  • Taxes: $5,581 / year
  • MLS Type: Residential Income / Multi Family
  • Subdivision Name: Memorial Blvd
  • Waterfront Features: Walk To Water
  • Furnished: Furnished

Building Information

  • Stories: 2
  • Residences: 2
  • Year Built: 1900
  • Lot Size: 0.05 AC / 2,051 SF

Summary

Location and General Information
  • City: Newport
  • Community Features: Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Courts
  • Postal City: Newport
  • Postal Code: 02840
  • State Or Province: RI
  • Zoning: GB
  • Human Modified Y N: Yes
Parking
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 1
Taxes and HOA Information
  • Association Fee: $8.22
  • Association Fee Frequency: Monthly
  • Tax Annual Amount: $5,581.24
  • Tax Assessed Value: 678900
  • Tax Lot: 109
  • Tax Map Number: 29
  • Tax Year: 2024
Virtual Tour

Property

Lot Information
  • Above Grade Fin SQFT: 1628.0
  • Building Area Total: 1628.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.0471
  • Lot Size Area: 2051.0
  • Lot Size Square Feet: 2051.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 11MERTONRDNEWP
  • Stories Total: 2
  • Structure Type: Apartment
Property and Assessments
  • Buyer Financing: Cash
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1900
  • C L I P: 7,909,362,710
Utilities
  • Electric: Amps100
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Interior and Exterior Features

Interior Features
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Full, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4
  • Cooling: Central Air, Window Unit(s)
  • Cooling Y N: Yes
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Hardwood
  • Heating: Central, Gas, Hot Water
  • Heating Y N: Yes
  • Interior Features: Furnished
  • Laundry Features: Common Area
  • Rooms Total: 9

Multi Family

Income & Expenses Information
  • Operating Expense: $14,000.00
Unit 1 Information
  • Type: Two Bedroom
  • Unit Type Area: 814.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
Unit 2 Information
  • Type: Two Bedroom
  • Unit Type Area: 814.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1

Rental

Rental Information
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • Land Lease Y N: No

Property History for 11 Merton Road

DateEvent & SourcePriceAppreciation
May 20, 2025

Sold

Rhode Island Association of REALTORS® #1384067

$1,700,000—
May 13, 2025

Sold (Public Record)

Public Record #1558554016

$1,700,000

+16.7% / yr

May 13, 2025

Contract Signed

Rhode Island Association of REALTORS® #1384067

—
DateEvent & SourcePrice
05/20/2025

Sold

Rhode Island Association of REALTORS® #1384067

$1,700,000
05/13/2025

Sold (Public Record)

Public Record #1558554016

$1,700,000

+16.7% / yr

05/13/2025

Contract Signed

Rhode Island Association of REALTORS® #1384067

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 11 Merton Road

Taxable Value

Land

$340,200

Additions

$338,700
Total$678,900

Tax Record

2025

$5,899 ($492 / month)

Home Facts

Baths

2

Total Finished SqFt

1,628 SqFt

Above Grade Finished SqFt

1,628 SqFt

Stories

2

Lot Size

2,052 SqFt

Style

Duplex

Year Built

1900

Year Renovated

1987

Zoning

GB

County

NEWPORT

APN

NEWP M:029 B:0209

Schools near 11 Merton Road

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
Frank E. Thompson Middle School
Public5 to 8

Rogers High School
Public9 to 12

Newport Area Career Tech Center
Public9 to 12

Pell Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Hogan Associates Christie's

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.