18 Rhode Island Ave

4,871 Sq. Ft.
$436 / Sq. Ft.
4,871
Sq. Ft.
$436
per Sq. Ft.

Description

Welcome to this gracious and expansive Victorian home spanning over 4800 sq ft, ideally located within walking distance to town. Built in the 1880s, this property exudes charm with its wraparound porch and original details throughout. Currently configured as a three-family dwelling, this property offers versatility as it can easily be converted back to a single-family home. Unit One is generously sized with two floors of living and features a living room, dining room, den, well-appointed kitchen,...Welcome to this gracious and expansive Victorian home spanning over 4800 sq ft, ideally located within walking distance to town. Built in the 1880s, this property exudes charm with its wraparound porch and original details throughout. Currently configured as a three-family dwelling, this property offers versatility as it can easily be converted back to a single-family home. Unit One is generously sized with two floors of living and features a living room, dining room, den, well-appointed kitchen, and 4 bedrooms and 2 baths. The second unit is a bright and spacious studio with a large modern bathroom and an updated kitchen that opens to a private deck. The third unit boasts three bedrooms, a living room, dining area, updated kitchen, and bathroom. Additionally, there's walk-up access to a rooftop deck offering stunning views of the Newport Bridge. Gorgeous hardwood floors are showcased throughout the home. All utilities have been updated, each unit is separately metered and includes its own laundry facilities. Outside, the beautifully landscaped yard features a paved driveway and a spacious fenced lot with parking for up to 8 cars. This property is a rare find and offers endless possibilities for both investors and homeowners alike.
  1. Listed by Fitzpatrick Team • Brokerage DRE #REB.0019593 • RE/MAX Results
    P: (401)-848-7827 justine@resultswithremax.com

Property Details for 18 Rhode Island Avenue

Subdivision Name
Kay/Broadway
Waterfront Features
Walkto Water
LISTING UPDATED: 06/17/2024 11:54 AM

Property Details for 18 Rhode Island Avenue

StatusClosed
MLS #1355846
Days on Market48
Taxes$7,642 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1880
Lot Size0.24 AC / 10,568 SF
CountyNewport County

Location

Listing Courtesy of RE/MAX Results

Sold By William Raveis Inspire

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Building Information for 18 Rhode Island Avenue

Stories4Residences3Year Built1880Building Size-Lot Size0.24 AC / 10,568 SF

Payment Calculator

$11,226 per month

30 year fixed, 6.36% Interest

Principal and Interest

$10,589

Property Taxes

$637

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 18 Rhode Island Avenue

Summary
Location and General Information
  • City: Newport
  • Community Features: Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping
  • Postal City: Newport
  • Postal Code: 02840
  • Postal Code Plus4: 6204
  • State Or Province: RI
  • Zoning: R10
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 8
Taxes and HOA Information
  • Association Fee Frequency: Annually
  • Tax Annual Amount: $7,642.00
  • Tax Assessed Value: 1372300
  • Tax Lot: 089
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 4871.0
  • Building Area Total: 4871.0
  • Living Area Source: Public Records
  • Lot Features: Paved
  • Lot Size Acres: 0.2426
  • Lot Size Area: 10568.0
  • Lot Size Square Feet: 10568.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 18RHODEISLANDAVNEWP
  • Stories Total: 4
  • Structure Type: Apartment
Property and Assessments
  • Buyer Financing: Conventional
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1880
  • C L I P: 2,768,798,063
Utilities
  • Electric: Circuit Breakers, Fuses, Generator
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Multiple Meters, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Porch, Patio, Paved Driveway
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter, Stone
  • Security Features: Security System Owned
Interior Features
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 8
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Door Features: Storm Doors
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood, Marble
  • Heating: Gas, Hot Water
  • Heating Y N: Yes
  • Interior Features: Tub Shower
  • Laundry Features: In Unit
  • Patio And Porch Features: Balcony, Patio, Porch
  • Rooms Total: 15
  • Spa Features: Hot Tub
  • Spa Y N: Yes
  • Window Features: Thermal Windows
Multi Family
Income & Expenses Information
  • Operating Expense: $5,600.00
Unit 1 Information
  • Actual Rent: $2,800.00
  • Description: lease through 5/31/24 -agreed to extend through summer
  • Type: Item3Bedroom
  • Unit Type Area: 1745.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,800.00
  • Description: lease through 8/31/24
  • Type: Item1Bedroom
  • Unit Type Area: 557.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $4,000.00
  • Description: lease through 4/30/24
  • Type: Item4BedroomOrMore
  • Unit Type Area: 2569.0
  • Baths Total: 3
  • Beds Total: 4
  • Num of Full Baths: 2
  • Num of Half Baths: 1
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No
  • Tenant Pays: Hot Water

Property History for 18 Rhode Island Avenue

DateEvent & SourcePriceAppreciation
May 31, 2024

Sold (Public Record)

Public Record #1533380435

$2,125,000
May 31, 2024

Sold

Rhode Island Association of REALTORS® #1355846

$2,125,000
May 22, 2024

Contract Signed

Rhode Island Association of REALTORS® #1355846

DateEvent & SourcePrice
05/31/2024

Sold (Public Record)

Public Record #1533380435

$2,125,000
05/31/2024

Sold

Rhode Island Association of REALTORS® #1355846

$2,125,000
05/22/2024

Contract Signed

Rhode Island Association of REALTORS® #1355846

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

Public Records for 18 Rhode Island Avenue

Taxable ValueLand$276,300Additions$1,096,000Total$1,372,300
Tax Record2025$11,924 ($994 / month)
Home Facts
Baths4.5Total Finished SqFt4,871 SqFtAbove Grade Finished SqFt4,871 SqFtStories3Lot Size10,568 SqFtStyleTriplexYear Built1880Year Renovated1987ZoningR10CountyNEWPORTAPNNEWP M:011 B:0089

Schools near 18 Rhode Island Avenue

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - PK to 4
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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Listing Courtesy of RE/MAX Results

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.