13 Dean Avenue

Newport, RI 02840

$1,950,000
Price
5
Beds
3
Baths
2
1/2 Baths
2,356 Sq. Ft.
$828 / Sq. Ft.
2,356
Sq. Ft.
$828
per Sq. Ft.

Description

In Newport's sought-after Yachting Village, a superb opportunity awaits to own a meticulously updated three-family home in the bustling heart of downtown. This property has undergone extensive renovations by the current owner, including newer windows, renovated bathrooms and kitchens, updated appliances, enhanced insulation, and a roof just eight years old. Inside, each unit boasts elegant refinished hardwood floors, open-concept living spaces, modern kitchens and bathrooms, and custom insert blinds...In Newport's sought-after Yachting Village, a superb opportunity awaits to own a meticulously updated three-family home in the bustling heart of downtown. This property has undergone extensive renovations by the current owner, including newer windows, renovated bathrooms and kitchens, updated appliances, enhanced insulation, and a roof just eight years old. Inside, each unit boasts elegant refinished hardwood floors, open-concept living spaces, modern kitchens and bathrooms, and custom insert blinds for flexible lighting control. Balcony space on every level provides a charming outdoor retreat, while 3 full-size washer/dryers and storage area ensure convenience for each unit. Outside, a backyard features secure bike storage, and a newly paved oversized parking lot accommodates up to six cars side-by-side or nine with tandem parking. The seller includes a feasibility study for a garage addition, previously present until 1998. All units have leases starting between April 15th to May 1, providing immediate rental income. The home is being sold furnished and fully tenanted. Whether for investment or residence, 13 Dean Avenue presents an enticing prospect in Newport's vibrant downtown scene. Detailed rental income records offer valuable insights for investors.
  1. Listed by Tracy Shea • Coldwell Banker Realty
    P: 617-697-4570 tracy.shea@cbrealty.com

Property Details for 13 Dean Avenue

Subdivision Name
Yachting Village

Location

Listing Courtesy of Coldwell Banker Realty
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LISTING UPDATED: 04/23/2024 12:32 AM

Property Details for 13 Dean Avenue

StatusActive
MLS #1356429
Days on Market16
Taxes$4,121 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size0.09 AC / 4,095 SF
CountyNewport County

Location

Listing Courtesy of Coldwell Banker Realty
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Building Information for 13 Dean Avenue

Stories3Residences3Year Built1900Building Size-Lot Size0.09 AC / 4,095 SF

Payment Calculator

$10,985 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,642

Property Taxes

$343

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 13 Dean Avenue

Summary
Location and General Information
  • City: Newport
  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping, Tennis Courts, Sidewalks
  • Postal City: Newport
  • Postal Code: 02840
  • State Or Province: RI
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 9
Taxes and HOA Information
  • Association Fee: $.00
  • Association Fee Frequency: Annually
  • Tax Annual Amount: $4,120.55
  • Tax Assessed Value: 814100
  • Tax Lot: 202
  • Tax Year: 2023
Property
Lot Information
  • Above Grade Fin SQFT: 2356.0
  • Building Area Total: 2356.0
  • Living Area Source: Other
  • Lot Features: Paved
  • Lot Size Acres: 0.094
  • Lot Size Area: 4095.0
  • Lot Size Square Feet: 4095.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 13DEANAVNEWP
  • Stories Total: 3
Property and Assessments
  • 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: 1900
  • C L I P: 6,381,306,842
Utilities
  • Electric: Item200Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public, Water Tap Fee
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck, Porch, Paved Driveway
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter, Stone
Interior Features
  • Appliances: Dryer, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 5
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood, Other
  • Heating: Gas, Hot Water
  • Heating Y N: Yes
  • Interior Features: Cathedral Ceilings, Skylights, Tub Shower
  • Laundry Features: Common Area
  • Patio And Porch Features: Deck, Porch
  • Rooms Total: 15
  • Window Features: Skylights, Thermal Windows
Multi Family
Income & Expenses Information
  • Operating Expense: $12,000.00
Unit 1 Information
  • Actual Rent: $2,400.00
  • Description: 12 and a Half month lease starting April 15
  • Unit Type Area: 724.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $2,500.00
  • Description: 12 Month lease starting April 15th
  • Unit Type Area: 816.0
  • Baths Total: 2
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 1
Unit 3 Information
  • Actual Rent: $2,500.00
  • Description: 12 Month Lease starting May 1st
  • Unit Type Area: 816.0
  • Baths Total: 2
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 1
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 13 Dean Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 13 Dean Avenue

Taxable ValueLand$260,000Additions$267,100Total$527,100
Tax Record2023$5,229 ($436 / month)
Home Facts
Baths3Total Finished SqFt1,795 SqFtAbove Grade Finished SqFt1,795 SqFtStories2Lot Size4,095 SqFtStyleTriplexYear Built1900Year Renovated1982ZoningR10CountyNEWPORTAPNNEWP M:035 B:0202

Schools near 13 Dean Avenue

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.

Similar Homes

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13 Dean Avenue is a multi-family home for sale in Newport, RI 02840. This property was listed for sale on April 12, 2024 by Coldwell Banker Realty, it's currently listed at $1,950,000. It has been on the market for a total of 16 days and was last sold on October 9, 2001. This listing's school district is Newport School District. Nearby schools include Frank E. Thompson Middle School, Rogers High School and Newport Area Career Tech Center. 13 Dean Avenue is a 5-bed, 4-bath, 2,356 sqft multi-family home built in 1900.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

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.