2 Lucas Avenue

Newport, RI 02840

$749,000
Price
6
Beds
3
Baths
2,054 Sq. Ft.
$365 / Sq. Ft.
2,054
Sq. Ft.
$365
per Sq. Ft.

Description

Well maintained renovated legal two-family with separate utilities. Located in the desirable Fifth Ward and Yachting District close to restaurants, shopping and other amenities this property has a strong rental history with growth potential. The first floor unit has 2 bedrooms and 1 bathroom, while the second floor unit offers 4 bedrooms and 2 bathrooms. Low maintenance exterior, off-street parking and situated on the edge of the AE flood zone. This property is great for an owner-occupant or as an...

Property Details for 2 Lucas Avenue

Subdivision Name
5th Ward, Yachting District
Waterfront Features
Walk to Water

Location

Listing Courtesy of Hogan Associates

Property Details for 2 Lucas Avenue

StatusPending
MLS #1285574
Days on Market8
Taxes$5,259 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size0.12 AC / 5,268 SF
CountyNewport County

Contact a Compass agent

Location

Listing Courtesy of Hogan Associates

Building Information for 2 Lucas Avenue

Stories3Residences2Year Built1900Building Size-Lot Size0.12 AC / 5,268 SF

Payment Calculator

$2,948 per month

30 year fixed, 2.95% Interest

Principal and Interest

$2,510

Property Taxes

$438

HOA Dues

$0

Property Information for 2 Lucas Avenue

Summary
    Location and General Information
  • Accessibility Features: Low Pile Carpet
  • Community Features: Golf, Marina, Near Schools, Recreation Area, Shopping, Tennis Court(s), Sidewalks
  • Postal City: Newport
  • Zoning: R-10
    Parking
  • Covered Spaces: 0
  • Garage: No
  • Garage Spaces: 0
  • Parking Features: No Garage
  • Parking Total: 1
    Taxes and HOA Information
  • Association Fee: $.00
  • Tax Annual Amount: $5,259.00
  • Tax Assessed Value: 563700
  • Tax Lot: 54
  • Tax Year: 20
Property
    Lot Information
  • Lot Size Acres: 0.12
  • Lot Size Area: 5268.0
  • Lot Size Square Feet: 5268.0
  • Building Area Total: 2,054.00
  • Parcel Number: 2LUCASAVNEWP
  • Living Area Source: Public Records
    Property and Assessments
  • Senior Community: No
  • Construction Materials: Drywall, Plaster, Vinyl Siding
  • New Construction: No
  • Number Of Buildings: 1
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Stories Total: 3
  • Year Built: 1900
  • Property Type: Residential Income
    Utilities
  • Cooling: None
  • Cooling: No
  • Electric: 100 Amp Service, Circuit Breakers
  • Electric On Property: Yes
  • Heating: Baseboard, Electric, Hot Water, Oil, Other, Zoned
  • Heating: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public
Interior and Exterior Features
    Exterior Features
  • Exterior Features: Deck, Paved Driveway
  • Fencing: Fenced
  • Foundation Details: Stone
  • Patio And Porch Features: Deck
  • Window Features: Thermal Windows
    Interior Features
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Tankless Water Heater, Washer
  • Basement: Full, Unfinished
  • Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 6
  • Fireplace Features: None
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Laminate, Vinyl, Wood, Carpet
  • Interior Features: Tub Shower, Cable TV
  • Laundry Features: Common Area, In Unit
  • Rooms Total: 10
MultiFamily
    Income & Expenses
  • Operating Expense: $10,000
    Unit 1
  • Unit Type Actual Rent 1: $2,200.00
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 4
    Unit 2
  • Unit Type Actual Rent 2: $1,350.00
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
Rental Information
    Rent Information
  • Land Lease: false
  • Tenant Pays: Hot Water

Property History for 2 Lucas Avenue

DateEvent & SourcePriceAppreciation
Jul 16, 2021

Contract Signed

STATEWIDEMLS #1285574

Jun 25, 2021

Contract Out

STATEWIDEMLS #1285574

Jun 17, 2021

Listed (Active)

STATEWIDEMLS #1285574

$749,000
DateEvent & SourcePrice
07/16/2021

Contract Signed

STATEWIDEMLS #1285574

06/25/2021

Contract Out

STATEWIDEMLS #1285574

06/17/2021

Listed (Active)

STATEWIDEMLS #1285574

$749,000

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

Public Records for 2 Lucas Avenue

Taxable ValueLand$226,000Additions$208,600Total$434,600
Tax Record2020$4,468 ($372 / month)
Home Facts
Baths3Total Finished SqFt2,054 SqFtAbove Grade Finished SqFt2,054 SqFtStories2Lot Size5,271 SqFtStyleDuplexYear Built1900Year Renovated1987ZoningR10CountyNEWPORTAPNNEWP M:039 B:0054

Schools near 2 Lucas Avenue


SchoolTypeGradesDistanceRating
Rogers High SchoolPublic9-120.5 mi
4
Newport Area Career Tech CenterPublic0.6 mi
NR
Frank E. Thompson Middle SchoolPublic5-81.3 mi
3
Pell Elementary SchoolPublicPK-42.5 mi
2

Rogers High School

9-12, 0.5 mi, Public

4

Newport Area Career Tech Center

0.6 mi, Public

NR

Frank E. Thompson Middle School

5-8, 1.3 mi, Public

3

Pell Elementary School

PK-4, 2.5 mi, Public

2

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hogan Associates

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2021 State-Wide Multiple Listing Service. All rights reserved.