75 Malbone Road
75 Malbone Road
$899,000
4
2
3,018
3,018
$298
Description
Welcome to this exceptional opportunity to own a highly desirable 2-family multi-unit property located in beautiful Newport, Rhode Island. This well-maintained gem is perfectly situated within walking distance of not only the Newport Navy base, but also Newport Hospital, making it an ideal investment opportunity. The location is also just minutes away from the vibrant downtown area, historic landmarks, world-class dining, not to mention breathtaking coastal views. The property offers two units, which...Welcome to this exceptional opportunity to own a highly desirable 2-family multi-unit property located in beautiful Newport, Rhode Island. This well-maintained gem is perfectly situated within walking distance of not only the Newport Navy base, but also Newport Hospital, making it an ideal investment opportunity. The location is also just minutes away from the vibrant downtown area, historic landmarks, world-class dining, not to mention breathtaking coastal views. The property offers two units, which both contain two bedrooms, one full bathroom and 972 square feet of space. Providing comfortable, versatile living space for new owners to enjoy. The upstairs unit features a lovely balcony area perfect to enjoy personalized outdoor space. Both units conveniently offer onsite laundry, a shared yard perfect for relaxing and additional storage space in the shared basement. The units offer convenient gas heat, keeping utility costs down for any future tenants. Currently both units are filled and under lease until May of 2024. The current rental rates are below market value so there certainly is room for growth with the rental revenue. You will find this property has been very well cared for which you and your tenants will appreciate. Parking in Newport can certainly be a challenge, but not here. With space for up to four vehicles for your tenants. Don't miss out on this fantastic opportunity to own an investment property in Newport, RI.
- Listed by Cesar Duarte Patricio • Castle Keep Realty Corp.P: 401-846-0386 Cesar@Castlekeeprealtynpt.com
Amenities
- Air Conditioning
- Balcony
- Baseboard Heating
- Basement
- Common Laundry
- Dishwasher
- Driveway
- Dryer
Location
LISTING UPDATED: 04/21/2024 01:23 PM
Property Details for 75 Malbone Road
Status | Active |
---|---|
MLS # | 1352865 |
Days on Market | 75 |
Taxes | $3,924 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Multi Family |
Year Built | 1940 |
Lot Size | 0.08 AC / 3,424 SF |
County | Newport County |
Location
Building Information for 75 Malbone Road
Stories3Residences2Year Built1940Building Size-Lot Size0.08 AC / 3,424 SF
Payment Calculator
$5,233 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 75 Malbone Road
Property History for 75 Malbone Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 75 Malbone Road
Taxable ValueLand$116,200Additions$292,100Total$408,300
Tax Record2023$4,050 ($338 / month)
Home Facts
Baths2Total Finished SqFt1,944 SqFtAbove Grade Finished SqFt1,944 SqFtStories2Lot Size3,424 SqFtStyleDuplexYear Built1940Year Renovated1987ZoningR10CountyNEWPORTAPNNEWP M:007 B:0093
Schools near 75 Malbone Road
This home is within Newport School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 4 | |||
Public - | 5 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Pell Elementary School PublicPK to 4 | ||
Frank E. Thompson Middle School Public5 to 8 | ||
Rogers High School Public9 to 12 | ||
Newport Area Career Tech Center Public9 to 12 |
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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