Sold
Last Sold Price
6 beds2,800 sqft
24 Merton Rd, Newport, RI 02840
Multi FamilyProperty Type
0.14 acresLot Size
$109/sq ftPrice per sq ft
5 carsParking Spaces

Description

Solid investment property noi $28,000+/- fresh paint in out units remodeled past 3 years excellent income with seasonal rentals utilities separate oil & electric only short term leases call for detailsSolid investment property noi $28,000+/- fresh paint in out units remodeled past 3 years excellent income with seasonal rentals utilities separate oil & electric only short term leases call for details
  • Listed by: SIDNEY GORHAM 401.848.6718 sgorham@gustavewhite.com Brokerage DRE #REB.0013814 • Gustave White Sotheby's Realty
Listing closed: 05/16/2001 12:00 AM • Source: Rhode Island Association of REALTORS®, MLS#: 013417

Recent comparable sales

Median sold price

$1,075,000

Avg days on market

30

Sale-to-list ratio

92.8%

Newport, RI

9 comparable properties found

$1,410,000 | 28 Young Street, Newport, RI 02840
1/51
1

$1,410,000

Sold 12/30/25

6
Bedrooms
2,828
Square Feet
0.08
Acres
$1,350,000 | 27 Dean Avenue, Newport, RI 02840
1/17
2

$1,350,000

Sold 03/03/26

6
Bedrooms
2,613
Square Feet
0.11
Acres
$910,000 | 44 Warner Street, Newport, RI 02840
1/51
3

$910,000

Sold 12/12/25

6
Bedrooms
2,524
Square Feet
0.06
Acres
$1,055,250 | 92 Warner Street, Newport, RI 02840
1/51
4

$1,055,250

Sold 03/26/25

6
Bedrooms
2,568
Square Feet
0.10
Acres
$740,000 | 8 Peckham Avenue, Newport, RI 02840
1/24
5

$740,000

Sold 01/30/25

6
Bedrooms
3,128
Square Feet
0.14
Acres
$253,000 | 170 South Main Street, Newport, NH 03773
1/21
6

$253,000

Sold 09/04/26

6
Bedrooms
2,606
Square Feet
0.76
Acres
$1,075,000 | 7 Cozzens Court, Newport, RI 02840
1/51
7

$1,075,000

Sold 02/05/26

6
Bedrooms
2,317
Square Feet
0.04
Acres
$1,875,000 | 604 Thames Street, Newport, RI 02840
1/51
8

$1,875,000

Sold 03/23/26

5
Bedrooms
2,930
Square Feet
0.08
Acres
$1,810,000 | 22 Farewell Street, Newport, RI 02840
1/41
9

$1,810,000

Sold 07/24/26

6
Bedrooms
3,010
Square Feet
0.07
Acres

Location

Listing Courtesy of Gustave White Sotheby's Realty

Sold By AMERICA'S REALTY OF NEW

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$1,931 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,576

Property Taxes

$355

HOA Dues

$0

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Property Information for 24 Merton Road

Property Details
  • Taxes: $4,258 / year
  • MLS Type: Residential Income / Multi Family
  • Subdivision Name: MEMORIAL BLVD
Building Information
  • Stories: 3
  • Residences: 3
  • Lot Size: 0.14 AC / 6,148 SF
Summary
Location and General Information
  • City: Newport
  • Community Features: Highway Access, Public Transportation, Shopping, Sidewalks
  • Postal City: Newport
  • Postal Code: 02840
  • State Or Province: RI
  • Zoning: R10
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 5
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Annual Amount: $4,258.00
  • Tax Assessed Value: 175290
  • Tax Block: 0000
  • Tax Lot: 90
  • Tax Year: 2000
Property
Lot Information
  • Above Grade Fin SQFT: 2800.0
  • Building Area Total: 2800.0
  • Frontage Length: 60
  • Living Area: 2,800.00
  • Lot Size Acres: 0.1411
  • Lot Size Area: 6148.0
  • Lot Size Square Feet: 6148.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 24MERTONRDNEWP
  • Stories Total: 3
  • 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: ResidentialIncome
  • Senior Community Y N: No
  • C L I P: 8,852,030,139
Utilities
  • Electric: Amps100, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck, Paved Driveway, Tv Antenna
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter
Interior Features
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Tankless Water Heater, Washer
  • Basement: Full, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 6
  • Cooling: None
  • Cooling Y N: No
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Carpet, Plywood
  • Heating: Baseboard, Hot Water, Individual, Oil
  • Heating Y N: Yes
  • Interior Features: Cable Tv
  • Laundry Features: Common Area
  • Patio And Porch Features: Deck
  • Rooms Total: 12
Multi Family
Income & Expenses Information
  • Operating Expense: $3,500.00
Unit 1 Information
  • Actual Rent: $850.00
  • Description: LR 2BR EIK BATH
  • Total Rent: $2,650.00
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $900.00
  • Description: LR 2BR EIK BATH
  • Total Rent: $2,650.00
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $900.00
  • Description: LR 2BR EKI BATH
  • Total Rent: $2,650.00
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Tenant Pays: Hot Water

Property History for 24 Merton Road

DateEvent & SourcePriceAppreciation
May 16, 2001

Sold

Rhode Island Association of REALTORS® #013417

$305,000
Feb 20, 2001

Contract Signed

Rhode Island Association of REALTORS® #013417

Aug 28, 2000

Listed (Active)

Rhode Island Association of REALTORS® #013417

$349,000
DateEvent & SourcePrice
05/16/2001

Sold

Rhode Island Association of REALTORS® #013417

$305,000
02/20/2001

Contract Signed

Rhode Island Association of REALTORS® #013417

08/28/2000

Listed (Active)

Rhode Island Association of REALTORS® #013417

$349,000

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

Schools near 24 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 24 Merton Road, Newport, RI 02840
$305,000
6
2,800
6,148
$539,000
2
1,394
$282,000
3
1,200
$1
3
1
1,362
$695,000
3
1,584
6,098

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.

Listing Courtesy of Gustave White Sotheby's 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.