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75 Malbone Road

Newport, RI 02840
  • $899,000
  • STATUS: Active
  • MLS #: 1352865
$899,000
  • 4
    BEDS
  • 0.08
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 3,018
    SQFT
  • $298
    $/SQFT
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

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 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.

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[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Welchman Real Estate Group | Lila Delman Compass are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Welchman Real Estate Group | Lila Delman Compass. 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. Data last updated: 2024-04-03T23:37:57.543.
www.welchmanrealestate.com/homes/147612457
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75 Malbone Road Newport, RI 02840

  • Price: $899,000
  • Status: Active
  • On Site: Days
  • MLS #: 1352865
4
Beds
2
Baths
0
½ Baths
0.08
Acres
3,018
SQFT
$298
$/SQFT
1940
Built
County:
Newport
Area:
Newport
Property 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 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.
Exterior Features

Construction Materials Drywall Wood Siding Vinyl Siding Covered Spaces 0 Exterior Features Balcony Porch Paved Driveway Foundation Details Concrete Perimeter Garage YN No Lot Features Corner Lot Parking Features No Garage Parking Total 4 Patio And Porch Features Balcony Porch

Interior Features

Appliances Dryer Dishwasher Microwave Oven Oil Water Heater Range Refrigerator Washer Basement Full Interior Entry Unfinished Basement YN Yes Cooling Item1 Unit Cooling YN Yes Fireplace Features None Fireplace YN No Fireplaces Total 0 Flooring Hardwood Vinyl Heating Baseboard Oil Heating YN Yes

Property Features

Community Features Golf Highway Access Marina Near Hospital Near Schools Public Transportation Recreation Area Restaurant Shopping Electric Item200 Amp Service Human Modified YN No Land Lease YN No Laundry Features Common Area New Construction YN No Operating Expense 0 Property Sub Type Multi Family Senior Community YN No Sewer Connected Tax Annual Amount 3924 Tax Assessed Value 408300 Tax Lot 093 Tax Year 2023 Utilities Sewer Connected Water Source Connected Zoning R10

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of Castle Keep Realty Corp.: .



[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Welchman Real Estate Group | Lila Delman Compass are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Welchman Real Estate Group | Lila Delman Compass. 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. Data last updated: 2024-04-03T23:37:57.543.
 
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29 Meetinghouse Lane
Little Compton RI, 02837