Orignially built in 1892 as a guest house for the Naval War College and in 2022 this home underwent an extensive renovation top to bottom with quality materials and thoughtful design. Uniquely equipped to accommodate a variety of living arrangements, the property holds a legal guest-house license and has garnered 100% 5-star reviews providing an excellent opportunity for rental income. Can be purchased as a furnished/turnkey property. Six bedrooms and six bathrooms including a third-floor legal in-law unit that can be repurposed as a guest suite/office. The owners planned this reconstruction as a long term investment and while honoring the home’s original aesthetics they introduced state-of-the art features; modern systems include advanced HVAC, new electrical & plumbing systems, Marvin windows, electric car charger, conduit for future solar, and a hotel grade fire suppression system. Gourmet kitchens, elegant bathrooms, bamboo flooring, custom carpentry, second floor laundry, and a fabulous tree house style sitting room. Historical charm radiates through detailed woodwork, antique stained glass windows, restored pocket door, gas fireplaces, and wraparound porch with a balcony. Built for enjoying outdoor living with a fenced backyard, hazelnut trees, and two outdoor showers. Detached 2-car garage has space for bikes and surfboards. Unparalleled flexibility and potential in Newport’s vibrant community within walking distance to dining, shopping, and an easy coastal lifestyle.
Sold for $2,000,000
$2,000,000
37 Powel Ave, Newport, RI 02840
6beds
4,255sqft
Multi Family
Built in 1900
-- sqft lot
$2,201,400 Zestimate®
$470/sqft
$6,035 Estimated rent
Home value
$2,201,400
$2.03M - $2.40M
$6,035/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Newport Living Group 401-338-3771,
Lila Delman Compass
Bought with:
The Hadfield Group
Hogan Associates Christie's
Source: StateWide MLS RI,MLS#: 1359296
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Bathroom
- Features: Bath w Tub, Bath w Shower Stall
Heating
- Natural Gas, Central Air, Forced Air, Gas Connected, Heat Pump, Zoned
Cooling
- Central Air
Appliances
- Included: Gas Water Heater, Dishwasher, Dryer, Exhaust Fan, Disposal, Range Hood, Oven/Range, Refrigerator, Washer
- Laundry: In Building
Features
- Wall (Dry Wall), Cathedral Ceiling(s), Stairs, Wet Bar, Plumbing (Mixed), Insulation (Ceiling), Insulation (Walls)
- Flooring: Ceramic Tile, Hardwood
- Windows: Insulated Windows
- Basement: Full,Interior and Exterior,Unfinished,Storage Space,Utility
- Number of fireplaces: 2
- Fireplace features: Brick, Gas
Interior area
- Total structure area: 4,255
- Total interior livable area: 4,255 sqft
Property
Parking
- Total spaces: 7
- Parking features: Detached
- Garage spaces: 2
Features
- Stories: 3
- Patio & porch: Patio, Porch
- Exterior features: Balcony
- Fencing: Fenced
- Waterfront features: Walk to Salt Water, Walk To Water
Lot
- Size: 6,716 sqft
- Features: Sidewalks
Details
- Parcel number: NEWPM011B0056
- 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, Clapboard, Wood
- Foundation: Concrete Perimeter, Stone
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 400 Amps, Circuit Breakers, Individual Meter
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Commuter Bus, Hospital, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Newport
- Subdivision: Kay/Catherine
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2024 | Sold | $2,000,000-4.5%$470/sqft |
Source:  StateWide MLS RI #1359296 Report a problem | ||
| 6/21/2024 | Pending sale | $2,095,000$492/sqft |
Source: StateWide MLS RI #1359296 Report a problem | ||
| 5/29/2024 | Contingent | $2,095,000$492/sqft |
Source: StateWide MLS RI #1359296 Report a problem | ||
| 5/17/2024 | Price change | $2,095,000-12.7%$492/sqft |
Source: StateWide MLS RI #1358809 Report a problem | ||
| 3/21/2024 | Listed for sale | $2,400,000+247.8%$564/sqft |
Source: StateWide MLS RI #1354938 Report a problem | ||
| 6/29/2018 | Sold | $690,000-4.8%$162/sqft |
Source: StateWide MLS RI #1177883 Report a problem | ||
| 11/14/2017 | Listed for sale | $725,000$170/sqft |
Source: RE/MAX Profnl. Newport, Inc. #1177883 Report a problem | ||
| 1/27/2016 | Listing removed | $1,300 |
Source: Keller Williams Realty Report a problem | ||
| 12/5/2015 | Listed for rent | $1,300 |
Source: Keller Williams Realty Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,602 +5.7% | $1,220,200 |
| 2024 | $10,030 | $1,220,200 +36.3% |
| 2023 | -- | $895,200 |
| 2022 | -- | $895,200 |
| 2021 | -- | $895,200 +20.4% |
| 2020 | -- | $743,400 |
| 2019 | -- | $743,400 |
| 2018 | -- | $743,400 +8.4% |
| 2017 | -- | $685,800 |
| 2016 | -- | $685,800 |
| 2015 | -- | $685,800 +6.3% |
| 2010 | -- | $645,400 |
| 2009 | -- | $645,400 -3% |
| 2008 | -- | $665,200 |
| 2007 | $5,548 +4% | $665,200 |
| 2006 | $5,335 | $665,200 +175.6% |
| 2005 | -- | $241,400 |
| 2002 | $3,102 | $241,400 |
Find assessor info on the county website
Neighborhood: Kay/Catherine
Nearby schools
GreatSchools rating
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 0.4 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 2.1 mi
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 0.9 mi
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Estimated market value
$2,201,400
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
$2,201,400
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