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Off market
  • $1,004,500

    28 Thurston Ave, Newport, RI 02840

    5beds
    2,484sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $1,004,500 Zestimate®
    $404/sqft
    $2,973 Estimated rent

    Home value

    $1,004,500

    $924,000 - $1.09M

    $2,973/mo

    Zestimate® history
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    Owner options

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    $2,973/mo

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    $4,874/mo

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    $4,874/mo

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    What's special

    This large two-family home located within a quiet neighborhood just off Broadway has spacious units that provide an ideal layout for an owner-occupied, income-producing property. Or, it will perform well for an investor looking for a profitable multi-family with low maintenance yearly leases. Both units have private entrances, separate utilities, original hardwood floors, tall ceilings, and updated kitchens fully equipped with modern appliances. The first-floor unit has 2 bedrooms, 1.5 baths, a spacious living room, and a nice kitchen that opens to the dining room and foyer. The second-floor unit provides an open floor plan, 3 bedrooms, 1.5 baths, and a private deck. Unit 2 also has a great opportunity to substantially increase its size and rental income by converting the spacious third-floor walk-up into living space. With the third floor's high ceilings, you could add at least 500 sq ft of legal living space without a dormer or add a large shed dormer and create a stunning "owners unit." The third floor has already been plumbed for a full bath and wired with electricity. It is just waiting to be finished! Other property features include a shared backyard, just installed new oil boiler and hot water tank for unit 1, a new high-efficiency gas heating system for unit 2, separate electrical, and two water meters. The large dry basement offers tenants more than enough room for storage, or, for the owner-occupied buyer, an ideal workshop or home gym.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 2
    • 1/2 bathrooms: 2
    Heating
    • Other, Gas, Oil
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Dryer, Range / Oven, Washer
    • Laundry: In Building
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 2,484 sqft

    Property

    Features
    • Exterior features: Vinyl
    Lot
    • Size: 3,206 Square Feet
    Details
    • Parcel number: NEWPM007B0550

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1920

    Utilities & green energy

    • Electric: 100 Amps
    • Sewer: Connected

    Community & HOA

    Location
    • Region: Newport

    Financial & listing details

    • Price per square foot: $404/sqft
    • Tax assessed value: $822,200
    • Annual tax amount: $5,903

    Price history

    DateEventPrice
    3/5/2021Sold$605,000-0.8%$244/sqft
    Source: StateWide MLS RI #1272537 Report a problem
    1/6/2021Listed for sale$610,000+28.4%$246/sqft
    Source: Edge Realty RI, LLC #1272537 Report a problem
    4/29/2019Sold$475,000+5.6%$191/sqft
    Source: StateWide MLS RI #1217154 Report a problem
    3/15/2019Listed for sale$450,000+43.1%$181/sqft
    Source: RE/MAX Profnl. Newport, Inc. #1217154 Report a problem
    1/9/2008Sold$314,500$127/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,903 -12.7%$822,200
    2024$6,758 +31.2%$822,200 +53.4%
    2023$5,152 $536,100
    2022$5,152 +3%$536,100
    2021$5,002 +29.9%$536,100 +43.1%
    2020$3,851 $374,600
    2019$3,851 +2.9%$374,600
    2018$3,742 +14.8%$374,600 +28.8%
    2017$3,261 +2.5%$290,900
    2016$3,180 +2.4%$290,900
    2015$3,104 -1.7%$290,900 +11.1%
    2014$3,159 +6.2%$261,900
    2012$2,975 +5.9%$261,900 -7.5%
    2011$2,810 +3.9%$283,000
    2010$2,705 +0.4%$283,000
    2009$2,694 -9%$283,000 -17.1%
    2008$2,960 -6.9%$341,400 -10.4%
    2007$3,178 +4%$381,100
    2006$3,056 +26.2%$381,100 +124.8%
    2005$2,422 +11.2%$169,500
    2002$2,178 $169,500
    Find assessor info on the county website

    Neighborhood: North End

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,004,500
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    Estimated market value
    $1,004,500