14 Kay St

Newport, RI 02840

$2,400,000
Last Sold Price
9
Beds
7,766 Sq. Ft.
$309 / Sq. Ft.
7,766
Sq. Ft.
$309
per Sq. Ft.
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Closed 9/8/21
Closed 9/8/21

Description

Rare opportunity to own a fully renovated historic 8-unit multi-family home in Kay/Catherine. The Col. John Creighton House, C.1860, is located within walking distance of everything Newport has to offer, from the Bellevue Avenue mansions, the waterfront and marina area, shopping and restaurants to beaches and the International Tennis Hall of Fame. The "Fourteen Kay" property includes both the main house and the Carriage House. The main house includes 7 apartments and 9 fireplaces (sealed but still...Rare opportunity to own a fully renovated historic 8-unit multi-family home in Kay/Catherine. The Col. John Creighton House, C.1860, is located within walking distance of everything Newport has to offer, from the Bellevue Avenue mansions, the waterfront and marina area, shopping and restaurants to beaches and the International Tennis Hall of Fame. The "Fourteen Kay" property includes both the main house and the Carriage House. The main house includes 7 apartments and 9 fireplaces (sealed but still connected to the chimneys) and a shared first floor laundry. The Garden Unit in the main house has its own entrance and a custom designed walk-in closet in the bedroom. The Carriage House includes two bedrooms, its own laundry and deck. This building also offers a full workshop and two garage bays. There is off-street parking for 7 cars, with one garage bay dedicated to either the main house's Garden unit or the Carriage House Unit. The yard is fully landscaped. Fourteen Kay's owner has completed all legal paperwork to convert the entire property into condominiums. The house could also be converted back to a stunning single family home once again. Most tenants are long term so owner has kept rents under market value. Qualified buyers only. Open house will be scheduled for brokers and their clients only.
  1. Listed by Christine MacDonald • Brokerage DRE #REC.0016191 • Coldwell Banker Realty
    P: (401)-451-1878 macdonaldchristinebc@gmail.com

Property Details for 14 Kay Street

Waterfront Features
Walk To Water
LISTING UPDATED: 11/03/2021 06:59 AM

Property Details for 14 Kay Street

StatusClosed
MLS #1284817
Days on Market4
Taxes$16,218 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1860
Lot Size0.24 AC / 10,558 SF
CountyNewport County
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Location

Listing Courtesy of Coldwell Banker Realty

Sold By Lila Delman Compass

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Building Information for 14 Kay Street

Stories3Residences2Year Built1860Building Size-Lot Size0.24 AC / 10,558 SF

Payment Calculator

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$13,311 per month

30 year fixed, 6.36% Interest

Principal and Interest

$11,959

Property Taxes

$1,352

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 14 Kay Street

Summary
Location and General Information
  • City: Newport
  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Courts
  • Postal City: Newport
  • Postal Code: 02840
  • State Or Province: RI
  • Human Modified Y N: No
Parking
  • Attached Garage Y N: Yes
  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage Y N: Yes
  • Parking Features: Attached, Garage
  • Parking Total: 9
Taxes and HOA Information
  • Tax Annual Amount: $16,218.26
  • Tax Assessed Value: 1175900
  • Tax Lot: 126
  • Tax Year: 2020
Property
Lot Information
  • Above Grade Fin SQFT: 7766.0
  • Building Area Total: 7766.0
  • Living Area Source: Other
  • Lot Size Acres: 0.2424
  • Lot Size Area: 10558.0
  • Lot Size Square Feet: 10558.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Parcel Number: 1414.5KAYSTNEWP
  • Stories Total: 3
  • 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: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1860
  • C L I P: 8,197,077,415
Utilities
  • Electric: Amps200Or More
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck, Porch, Patio
  • Foundation Details: Brick Mortar, Combination, Stone
Interior Features
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Oven, Oil Water Heater, Range, Refrigerator, Range Hood
  • Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement Y N: Yes
  • Bathrooms Full: 8
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 8
  • Bedrooms Total: 9
  • Cooling: Attic Fan, Central Air, One Unit, Window Unit(s)
  • Cooling Y N: Yes
  • Door Features: Storm Doors
  • Fireplaces Total: 9
  • Fireplace Y N: Yes
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Wood, Carpet
  • Heating: Baseboard, Gas, Hot Water
  • Heating Y N: Yes
  • Interior Features: Skylights, Tub Shower, Cable Tv
  • Laundry Features: Common Area, In Unit
  • Other Equipment: Intercom
  • Patio And Porch Features: Deck, Patio, Porch
  • Rooms Total: 25
  • Window Features: Skylights
Multi Family
Income & Expenses Information
  • Operating Expense: $34,549.10
Unit 1 Information
  • Actual Rent: $1,915.00
  • Unit Type Area: 772.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $9,560.00
  • Unit Type Area: 5912.0
  • Baths Total: 7
  • Beds Total: 7
  • Num of Full Baths: 7
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 14 Kay Street

DateEvent & SourcePriceAppreciation
Sep 8, 2021

Sold

Rhode Island Association of REALTORS® #1284817

$2,400,000—
Jun 11, 2021

Contract Signed

Rhode Island Association of REALTORS® #1284817

—
Jun 7, 2021

Listed (Active)

Rhode Island Association of REALTORS® #1284817

$2,650,000—
DateEvent & SourcePrice
09/08/2021

Sold

Rhode Island Association of REALTORS® #1284817

$2,400,000
06/11/2021

Contract Signed

Rhode Island Association of REALTORS® #1284817

—
06/07/2021

Listed (Active)

Rhode Island Association of REALTORS® #1284817

$2,650,000

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

Schools near 14 Kay Street

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Frank E. Thompson Middle School
Public - 5 to 8
Rogers High School
Public - 9 to 12
Pell Elementary School
Public - PK to 4
Newport Area Career Tech Center
Public - 9 to 12
Rating
School
Distance
Frank E. Thompson Middle School
Public5 to 8

Rogers High School
Public9 to 12

Pell Elementary School
PublicPK to 4

Newport Area Career Tech Center
Public9 to 12

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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. 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 Coldwell Banker Realty

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.