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Sold for $1,350,000
    • $1,350,000

    27 Dean Ave, Newport, RI 02840

    6beds
    2,736sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $1,397,800 Zestimate®
    $493/sqft
    $3,786 Estimated rent

    Home value

    $1,397,800

    $1.23M - $1.59M

    $3,786/mo

    Zestimate® history
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    What's special

    Three updated unitsYoung roofRare three-car garageCommon coin-op laundryAsphalt drivewayWelcoming covered front porchSpacious entry
    Prime Downtown Newport Investment Opportunity in the charming Yachting Village! Just steps from the waterfront, restaurants, boutiques, and historic mansion tours, this exceptional three-family property offers immediate income and outstanding future potential. The well-maintained building features three updated units, each offering 2 bedrooms and 1 bath, all currently leased with a history of annual rental performance. A rare three-car garage and off-street parking (two spaces per unit) add tremendous value in this highly walkable, in-demand location. The property is well maintained with easy-care siding, young roof, asphalt driveway, a welcoming covered front porch, spacious entry, separate electric meters, common coin-op laundry, and a shared yard with an outdoor garden area. For investors and owner-occupants alike, the upside is compelling. Explore options to transition to seasonal rentals, or pursue future value-add opportunities such as condominium conversion, creating a spacious owner’s townhouse by combining upper floors, dormer the third floor for distant water views, convert the garage to an ADU, or seek a variance to operate a guest rental in one unit. Dean Avenue, a street experiencing revitalization with elevated renovations, this property benefits from rising neighborhood values in one of Newport’s most sought-after downtown locations. A rare opportunity to own a versatile, income-producing asset in the very heart of Newport.

    Zillow last checked:

    Listing updated:

    Listed by:

    Holly McLear 401-855-0485,

    Hogan Associates Christie's

    Bought with:

    Iris Zaff, RES.0019207

    Lila Delman Compass

    Source: StateWide MLS RI,MLS#: 1402726MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Bathroom
    • Features: Bath w Tub & Shower
    Heating
    • Oil, Baseboard, Forced Water
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Dryer, Range Hood, Oven/Range, Refrigerator, Washer
    • Laundry: Common Area, In Building
    Features
    • Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed), Ceiling Fan(s)
    • Flooring: Laminate, Wood, Vinyl, Carpet
    • Basement: Full,Interior and Exterior,Unfinished,Laundry,Storage Space,Utility
    • Has fireplace: No
    Interior area
    • Total structure area: 2,613
    • Total interior livable area: 2,736 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Detached, Driveway
    • Garage spaces: 3
    • Has uncovered spaces: Yes
    Features
    • Stories: 3
    • Patio & porch: Porch
    • Waterfront features: Walk To Water
    Lot
    • Size: 4,791 Square Feet
    • Features: Sidewalks
    Details
    • Foundation area: 912
    • Parcel number: NEWPM035B0165
    • 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, Vinyl Siding
    • Foundation: Stone
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: 100 Amp Service
    • Water: Individual Meter
    • Utilities for property: Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Hospital, Private School, Public School, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
    • Subdivision: Yachting Village
    HOA
    • Has HOA: No
    Location
    • Region: Newport

    Financial & listing details

    • Price per square foot: $493/sqft
    • Tax assessed value: $934,400
    • Annual tax amount: $8,119
    • Date on market: 1/8/2026
    • Inclusions: Landlord pays water for the first floor unit (water/sewer) This includes the water for the common coin- op laundry Landlord pays heat for unit 2 and unit 3. OIl Heat. Landlord uses Property Mngt company (Castle Keep) for snow, lawn, and rent collection.
    • Total actual rent: 5975
    • Tenant pays: Heat

    Price history

    DateEventPrice
    3/3/2026Sold$1,350,000-9.9%$493/sqft
    Source: StateWide MLS RI #1402726 Report a problem
    2/26/2026Pending sale$1,499,000$548/sqft
    Source: StateWide MLS RI #1402726 Report a problem
    1/8/2026Listed for sale$1,499,000+149.8%$548/sqft
    Source: StateWide MLS RI #1402726 Report a problem
    12/20/2019Sold$600,000+372.4%$219/sqft
    Source: Public Record Report a problem
    12/22/1992Sold$127,000$46/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,709 -12.7%$934,400
    2024$7,681 +31.3%$934,400 +53.6%
    2023$5,848 $608,500
    2022$5,848 +3%$608,500
    2021$5,677 +17.8%$608,500 +29.8%
    2020$4,818 $468,700
    2019$4,818 +2.9%$468,700
    2018$4,682 +0.1%$468,700 +12.4%
    2017$4,676 +2.6%$417,100
    2016$4,559 +2.4%$417,100
    2015$4,450 +10.7%$417,100 +25.1%
    2014$4,021 +6.2%$333,400
    2012$3,787 -8.6%$333,400 -20.1%
    2011$4,145 +3.9%$417,400
    2010$3,990 +0.4%$417,400
    2009$3,974 +5.7%$417,400 -3.8%
    2008$3,761 +4%$433,800
    2007$3,618 +4%$433,800
    2006$3,479 +16.5%$433,800 +107.7%
    2005$2,985 +11.2%$208,900
    2002$2,684 $208,900
    Find assessor info on the county website

    Neighborhood: Harbor/Lower Thames

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,397,800
    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
    $1,397,800

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