25 Fair Street

Newport, RI 02840

$1,170,000
Last Sold Price
4
Beds
3
Baths
2,700 Sq. Ft.
$433 / Sq. Ft.
2,700
Sq. Ft.
$433
per Sq. Ft.

Description

New lower price! Fantastic investment property available, steps from Thames Street! Located around the corner from Memorial Boulevard and just down from St Mary Church, the shingled 3-unit residential property at 25 Fair Street has wonderful potential. Located in the heart of Newport, it is convenient to everything shopping, restaurants, the Wharf and more! Currently a 4 bedroom, 3 bath building, renting all 3 units will be a breeze. At the back of the property, facing Gidley Street, is a two car...New lower price! Fantastic investment property available, steps from Thames Street! Located around the corner from Memorial Boulevard and just down from St Mary Church, the shingled 3-unit residential property at 25 Fair Street has wonderful potential. Located in the heart of Newport, it is convenient to everything shopping, restaurants, the Wharf and more! Currently a 4 bedroom, 3 bath building, renting all 3 units will be a breeze. At the back of the property, facing Gidley Street, is a two car (previously 3 car) garage with an available parking spot in front of the garage doors. And, best of all, the garage is an additional source of income. Multi-unit properties like this, and in a location as good as this, do not come on the market that often. Be sure to check out the 3d walk-through tour. Call now for a private showing.
  1. Listed by Justin Gallant • J.E. Group Properties

Property Details for 25 Fair Street

Waterfront Features
Walk to Water

Location

Listing Courtesy of J.E. Group Properties

Sold By Hogan Associates Christie's

Add your commute
LISTING UPDATED: 09/29/2023 01:11 PM

Property Details for 25 Fair Street

StatusClosed
MLS #1322678
Days on Market299
Taxes$5,255 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1881
Lot Size0.06 AC / 2,614 SF
CountyNewport County

Location

Listing Courtesy of J.E. Group Properties

Sold By Hogan Associates Christie's

Add your commute

Building Information for 25 Fair Street

Stories3Residences3Year Built1881Building Size-Lot Size0.06 AC / 2,614 SF

Payment Calculator

$6,823 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,385

Property Taxes

$438

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 25 Fair Street

Summary
Location and General Information
  • Community Features: Marina, Near Schools, Public Transportation, Shopping
  • Postal City: Newport
  • Postal Code Plus 4: 8212
  • County: Newport
  • City: Newport
Parking
  • Attached Garage: No
  • Covered Spaces: 2
  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached, Garage
  • Parking Total: 3
Taxes and HOA Information
  • Tax Annual Amount: $5,255.00
  • Tax Assessed Value: 563300
  • Tax Lot: 127
  • Tax Year: 2022
Virtual Tour
Property
Lot Information
  • Lot Size Acres: 0.06
  • Lot Size Area: 2614.0
  • Lot Size Square Feet: 2614.0
  • Lot Size Units: Square Feet
  • Building Area Total: 2,700.00
  • Parcel Number: 25FAIRSTNEWP
  • Living Area Source: Other
Property and Assessments
  • Senior Community: No
  • Construction Materials: Drywall, Plaster, Shingle Siding
  • New Construction: No
  • Number Of Buildings: 2
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Stories Total: 3
  • Year Built: 1881
  • Property Type: Residential Income
Utilities
  • Cooling: 1 Unit
  • Cooling: Yes
  • Electric: 100 Amp Service
  • Heating: Baseboard, Gas, Oil
  • Heating: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Foundation Details: Stone
  • Window Features: Skylight(s)
Interior Features
  • Appliances: Dishwasher, Water Heater
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 4
  • Fireplace Features: None
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Hardwood
  • Interior Features: Skylights, Tub Shower
  • Rooms Total: 9
MultiFamily
Income & Expenses
  • Operating Expense: $0
Unit 1
  • Unit Type 1: 2 Bedroom
  • Unit Type Actual Rent 1: $1,100.00
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
Unit 2
  • Unit Type 2: 1 Bedroom
  • Unit Type Actual Rent 2: $.00
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
Unit 3
  • Unit Type 3: 1 Bedroom
  • Unit Type Actual Rent 3: $.00
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 1
Rental Information
Rent Information
  • Land Lease: false

Property History for 25 Fair Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 25 Fair Street

Taxable ValueLand$230,700Additions$332,600Total$563,300
Tax Record2023$5,588 ($466 / month)
Home Facts
Baths3Total Finished SqFt2,250 SqFtAbove Grade Finished SqFt2,250 SqFtStories3Lot Size2,500 SqFtStyleTriplexYear Built1881Year Renovated1987ZoningR3CountyNEWPORTAPNNEWP M:027 B:0127

Schools near 25 Fair Street

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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Similar Sold Homes

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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 J.E. Group Properties

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.