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.
Sold for $1,170,000
$1,170,000
25 Fair St, Newport, RI 02840
4beds
2,250sqft
Multi Family
Built in 1881
-- sqft lot
$1,365,600 Zestimate®
$520/sqft
$3,546 Estimated rent
Home value
$1,365,600
$1.24M - $1.50M
$3,546/mo
Zestimate® history
Owner options
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$3,546/mo
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$3,546/mo
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$5,678/mo
Est. payment
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$5,678/mo
Est. payment
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Garage doors
Zillow last checked:
Listing updated:
Listed by:
Justin Gallant 401-742-0958,
J.E. Group Properties
Bought with:
Kevan Campbell, RES.0034444
Hogan Associates Christie's
Source: StateWide MLS RI,MLS#: 1322678
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Oil, Baseboard
Cooling
- Individual Unit
Appliances
- Included: Dishwasher
- Laundry: Off Site
Features
- Wall (Dry Wall), Wall (Plaster), Skylight, Stairs, Plumbing (Mixed), Insulation (Unknown)
- Flooring: Hardwood
- Windows: Skylight(s)
- Basement: Full,Interior and Exterior,Unfinished,Utility
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,700
- Total interior livable area: 2,250 sqft
Property
Parking
- Total spaces: 3
- Parking features: Detached
- Garage spaces: 2
Features
- Stories: 3
- Waterfront features: Walk to Salt Water
Lot
- Size: 2,613 sqft
Details
- Foundation area: 950
- Parcel number: NEWPM027B0127
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Plaster, Shingles
- Foundation: Stone
Condition
- New construction: No
- Year built: 1881
Utilities & green energy
- Electric: 100 Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Marina, Public School, Near Shopping
Location
- Region: Newport
HOA & financial
Other financial information
- Total actual rent: 1100
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2023 | Sold | $1,170,000-6.4%$520/sqft |
Source:  StateWide MLS RI #1322678 Report a problem | ||
| 8/24/2023 | Pending sale | $1,250,000$556/sqft |
Source: StateWide MLS RI #1322678 Report a problem | ||
| 8/19/2023 | Contingent | $1,250,000$556/sqft |
Source: StateWide MLS RI #1322678 Report a problem | ||
| 6/30/2023 | Price change | $1,250,000-3.5%$556/sqft |
Source: StateWide MLS RI #1322678 Report a problem | ||
| 1/10/2023 | Price change | $1,295,000-4.1%$576/sqft |
Source: StateWide MLS RI #1322678 Report a problem | ||
| 10/23/2022 | Listed for sale | $1,350,000+134.8%$600/sqft |
Source: StateWide MLS RI #1322678 Report a problem | ||
| 3/26/2019 | Listing removed | $1,400$1/sqft |
Source: William Raveis Real Estate Report a problem | ||
| 2/16/2019 | Listed for rent | $1,400+16.7%$1/sqft |
Source: William Raveis Real Estate Report a problem | ||
| 4/5/2017 | Listing removed | $1,200$1/sqft |
Source: Teri Degnan Real Estate & Consulting Report a problem | ||
| 4/1/2017 | Listed for rent | $1,200$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 12/16/2011 | Listing removed | $575,000$256/sqft |
Source: CENTURY 21 Access America #989770 Report a problem | ||
| 10/16/2011 | Price change | $575,000-4.2%$256/sqft |
Source: CENTURY 21 Access America - Newport, RI #989770 Report a problem | ||
| 5/29/2011 | Price change | $599,900-3.1%$267/sqft |
Source: Access America #989770 Report a problem | ||
| 4/16/2011 | Listed for sale | $619,000$275/sqft |
Source: Century 21 Access America Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,672 +5.9% | $883,000 +0.2% |
| 2024 | $7,247 +33.9% | $881,600 +56.5% |
| 2023 | $5,413 | $563,300 |
| 2022 | $5,413 +3% | $563,300 |
| 2021 | $5,256 +15% | $563,300 +26.7% |
| 2020 | $4,570 | $444,600 |
| 2019 | $4,570 +2.9% | $444,600 |
| 2018 | $4,442 +4.3% | $444,600 +17.1% |
| 2017 | $4,258 +2.6% | $379,800 |
| 2016 | $4,151 +2.4% | $379,800 |
| 2015 | $4,052 +3.6% | $379,800 +17.1% |
| 2014 | $3,910 +6.2% | $324,200 |
| 2012 | $3,683 -8.1% | $324,200 -19.6% |
| 2011 | $4,006 +3.9% | $403,400 |
| 2010 | $3,857 +0.4% | $403,400 |
| 2009 | $3,840 -7.3% | $403,400 -15.6% |
| 2008 | $4,143 +3.9% | $477,900 |
| 2007 | $3,986 +4% | $477,900 |
| 2006 | $3,833 +7.5% | $477,900 +91.5% |
| 2005 | $3,565 +11.2% | $249,500 |
| 2002 | $3,206 | $249,500 |
Find assessor info on the county website
Neighborhood: Harbor/Lower Thames
Nearby schools
GreatSchools rating
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 0.6 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 1.1 mi
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 1.8 mi
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Estimated market value
$1,365,600
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Estimated market value
$1,365,600
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