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Sold for $2,125,000
  • $2,125,000

    18 Rhode Island Ave, Newport, RI 02840

    8beds
    4,871sqft
    Multi Family
    Built in 1880
    -- sqft lot
    $2,382,400 Zestimate®
    $436/sqft
    $3,281 Estimated rent

    Home value

    $2,382,400

    $2.17M - $2.64M

    $3,281/mo

    Zestimate® history
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    What's special

    Well - appointed kitchenLaundry facilitiesPaved drivewayRooftop deckUpdated kitchenExpansive victorian homePrivate deck
    Welcome to this gracious and expansive Victorian home spanning over 4800 sq ft, ideally located within walking distance to town. Built in the 1880s, this property exudes charm with its wraparound porch and original details throughout. Currently configured as a three-family dwelling, this property offers versatility as it can easily be converted back to a single-family home. Unit One is generously sized with two floors of living and features a living room, dining room, den, well-appointed kitchen, and 4 bedrooms and 2 ½ baths. The second unit is a bright and spacious studio with a large modern bathroom and an updated kitchen that opens to a private deck. The third unit boasts three bedrooms, a living room, dining area, updated kitchen, and bathroom. Additionally, there's walk-up access to a rooftop deck offering stunning views of the Newport Bridge. Gorgeous hardwood floors are showcased throughout the home. All utilities have been updated, each unit is separately metered and includes its own laundry facilities. Outside, the beautifully landscaped yard features a paved driveway and a spacious fenced lot with parking for up to 8 cars. This property is a rare find and offers endless possibilities for both investors and homeowners alike.

    Zillow last checked:

    Listing updated:

    Listed by:

    Fitzpatrick Team 401-848-7827,

    RE/MAX Results

    Bought with:

    Arthur Chapman, REB.0015893

    William Raveis Inspire

    Source: StateWide MLS RI,MLS#: 1355846MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Bathroom
    • Features: Bath w Shower Stall, Bath w Tub & Shower
    Heating
    • Natural Gas, Forced Water
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Gas Water Heater, Dishwasher, Dryer, Exhaust Fan, Disposal, Microwave, Oven/Range, Refrigerator, Washer, Whirlpool
    • Laundry: In Unit
    Features
    • Wall (Dry Wall), Wall (Plaster), Wall (Wood), Stairs, Plumbing (Mixed), Insulation (Ceiling), Insulation (Floors), Insulation (Walls)
    • Flooring: Hardwood, Marble
    • Doors: Storm Door(s)
    • Windows: Insulated Windows
    • Basement: Full,Interior and Exterior,Unfinished,Storage Space
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 4,871
    • Total interior livable area: 4,871 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: No Garage, Driveway
    • Has uncovered spaces: Yes
    Features
    • Stories: 4
    • Patio & porch: Patio, Porch
    • Exterior features: Balcony
    • Fencing: Fenced
    • Waterfront features: Walk to Salt Water, Walk To Water
    Lot
    • Size: 10,567 sqft
    • Features: Paved
    Details
    • Parcel number: NEWPM011B0089
    • Zoning: R10
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Dry Wall, Plaster, Wood Wall(s), Wood
    • Foundation: Concrete Perimeter, Stone
    Condition
    • New construction: No
    • Year built: 1880

    Utilities & green energy

    • Electric: Circuit Breakers, Fuses, Generator, Individual Meter
    • Sewer: Public Sewer
    • Water: Individual Meter, Public
    • Utilities for property: Sewer Connected

    Community & neighborhood

    Security
    • Security features: Security System Owned
    Community
    • Community features: Near Public Transport, Hospital, Private School, Public School, Restaurants, Schools, Near Shopping
    Location
    • Region: Newport
    • Subdivision: Kay/Broadway

    HOA & financial

    HOA
    • Has HOA: No
    Other financial information
    • Total actual rent: 8600

    Price history

    DateEventPrice
    5/31/2024Sold$2,125,000+6.3%$436/sqft
    Source: StateWide MLS RI #1355846 Report a problem
    5/22/2024Pending sale$2,000,000$411/sqft
    Source: StateWide MLS RI #1355846 Report a problem
    4/11/2024Contingent$2,000,000$411/sqft
    Source: StateWide MLS RI #1355846 Report a problem
    4/4/2024Listed for sale$2,000,000+205.3%$411/sqft
    Source: StateWide MLS RI #1355846 Report a problem
    5/2/2019Listing removed$1,700
    Source: Remax Report a problem
    4/1/2019Listed for rent$1,700-5.6%
    Source: Remax Report a problem
    11/19/2018Listing removed$1,800
    Source: RE/MAX PROFESSIONALS #1203731 Report a problem
    9/27/2018Listed for rent$1,800+5.9%
    Source: RE/MAX PROFESSIONALS #1203731 Report a problem
    2/19/2017Listing removed$1,700
    Source: RE/MAX PROFESSIONALS (NEWPORT) #1141571 Report a problem
    1/30/2017Listed for rent$1,700
    Source: RE/MAX Profnl. Newport, Inc. #1141571 Report a problem
    3/4/2016Sold$655,000-6.3%$134/sqft
    Source: Agent Provided Report a problem
    10/19/2015Price change$699,000-11%$144/sqft
    Source: Lila Delman Real Estate #1104683 Report a problem
    7/10/2015Listed for sale$785,000$161/sqft
    Source: Lila Delman Real Estate #1102063 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,924 +24.7%$1,372,300
    2024$9,565 +12.8%$1,372,300 +55.6%
    2023$8,477 $882,100
    2022$8,477 +3%$882,100
    2021$8,230 +23.8%$882,100 +36.4%
    2020$6,650 $646,900
    2019$6,650 +2.9%$646,900
    2018$6,463 -10.1%$646,900 +0.9%
    2017$7,186 +5.8%$641,000 +3.2%
    2016$6,790 +2.4%$621,200
    2015$6,628 +7.8%$621,200 +21.9%
    2014$6,146 +6.2%$509,600
    2012$5,789 -6.1%$509,600 -17.9%
    2011$6,166 +3.9%$620,900
    2010$5,936 +0.4%$620,900
    2009$5,911 -5.2%$620,900 -13.7%
    2008$6,235 +4%$719,200
    2007$5,998 +4%$719,200
    2006$5,768 -13.5%$719,200 +54.2%
    2005$6,666 +11.2%$466,500
    2002$5,995 $466,500

    Find assessor info on the county website

    Neighborhood: Kay/Catherine

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,382,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,382,400