2 Lucas Avenue

Newport, RI 02840

$751,000
Last Sold Price
6
Beds
3
Baths
2,054 Sq. Ft.
$366 / Sq. Ft.
2,054
Sq. Ft.
$366
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...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 investment generating passive income.
  1. Listed by Paul Tobak • Hogan Associates

Property Details for 2 Lucas Avenue

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

Location

Listing Courtesy of Hogan Associates

Sold By Edge Realty RI, LLC

Add your commute
LISTING UPDATED: 08/25/2021 05:54 AM

Property Details for 2 Lucas Avenue

StatusClosed
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

Location

Listing Courtesy of Hogan Associates

Sold By Edge Realty RI, LLC

Add your commute

Building Information for 2 Lucas Avenue

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

Payment Calculator

$4,537 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,099

Property Taxes

$438

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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
  • County: Newport
  • City: Newport
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: 2022
Property
Lot Information
  • Lot Size Acres: 0.1209
  • Lot Size Area: 5268.0
  • Lot Size Square Feet: 5268.0
  • Lot Size Units: Square Feet
  • 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
  • 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
DateEvent & SourcePrice

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$281,600Additions$282,100Total$563,700
Tax Record2023$5,592 ($466 / 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

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

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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Hogan Associates

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.