Built in 1886 this massive Victorian home is situated on a huge lot in one of Newport's most desirable neighborhoods. Each unit has space galore, and a unique mix of vintage character and modern updates. With over 4800 square ft. of living space each unit is spacious and has a comfortable layout. The first floor boasts 2 huge bedrooms and 1 full bath, with gorgeous hardwoods, stunning decorative fireplaces, and a large wraparound porch. The second floor unit has 3 bedrooms and 1 full bath as well with high ceilings and a private, covered deck. The third floor is a unique 2 bedroom 1 bath unit with "Aspenesque ski lodge vibes". This home has been carefully cared for by the same family for decades and much of the original character has been maintained.
Sold for $1,600,000
$1,600,000
40 Cranston Ave, Newport, RI 02840
7beds
4,817sqft
Multi Family
Built in 1886
-- sqft lot
$-- Zestimate®
$332/sqft
$4,896 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,896/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Sean Lawrence 401-921-5011,
HomeSmart Professionals
Bought with:
Stacie Mills, REB.0016561
Vanderbilt International Prop.
Source: StateWide MLS RI,MLS#: 1341831
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Oil, Forced Water, Radiant
Cooling
- None
Appliances
- Included: Electric Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Laundry: Common Area, In Building
Features
- Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
- Flooring: Hardwood, Laminate
- Basement: Full,Interior Entry,Unfinished,Laundry,Storage Space
- Number of fireplaces: 6
- Fireplace features: Brick
Interior area
- Total structure area: 4,817
- Total interior livable area: 4,817 sqft
Property
Parking
- Total spaces: 5
- Parking features: Detached
- Garage spaces: 2
Features
- Stories: 3
- Patio & porch: Porch
- Exterior features: Balcony, Breezeway
Lot
- Size: 0.29 Acres
Details
- Parcel number: NEWPM019B0008L4
- 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, Shingles, Wood
- Foundation: Unknown
Condition
- New construction: No
- Year built: 1886
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers, Individual Meter
- Water: Individual Meter
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Hospital, Private School, Public School, Recreational Facilities, Restaurants, Near Shopping
Location
- Region: Newport
- Subdivision: Kay/Catherine
HOA & financial
HOA
- Has HOA: No
Other financial information
- Total actual rent: 1450
Price history
| Date | Event | Price |
|---|---|---|
| 1/5/2024 | Sold | $1,600,000-5.9%$332/sqft |
Source:  StateWide MLS RI #1341831 Report a problem | ||
| 12/15/2023 | Pending sale | $1,700,000$353/sqft |
Source: StateWide MLS RI #1341831 Report a problem | ||
| 11/23/2023 | Contingent | $1,700,000$353/sqft |
Source: StateWide MLS RI #1341831 Report a problem | ||
| 10/5/2023 | Price change | $1,700,000-8.1%$353/sqft |
Source: StateWide MLS RI #1341831 Report a problem | ||
| 8/16/2023 | Listed for sale | $1,850,000$384/sqft |
Source: StateWide MLS RI #1341831 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,332 +6.6% | $1,534,300 +0.8% |
| 2024 | $12,510 -5.7% | $1,521,900 +10.3% |
| 2023 | $13,261 | $1,379,900 |
| 2022 | $13,261 +3% | $1,379,900 |
| 2021 | $12,874 +17.5% | $1,379,900 +29.5% |
| 2020 | $10,954 | $1,065,600 |
| 2019 | $10,954 +2.9% | $1,065,600 |
| 2018 | $10,645 +20% | $1,065,600 +34.6% |
| 2017 | $8,872 +2.6% | $791,400 |
| 2016 | $8,650 +2.4% | $791,400 |
| 2015 | $8,444 +10.1% | $791,400 +24.4% |
| 2014 | $7,670 +6.2% | $636,000 |
| 2012 | $7,225 +2.5% | $636,000 -10.4% |
| 2011 | $7,051 +3.9% | $710,100 |
| 2010 | $6,789 +0.4% | $710,100 |
| 2009 | $6,760 +8.5% | $710,100 -1.2% |
| 2008 | $6,232 +4% | $718,800 |
| 2007 | $5,995 +4% | $718,800 |
| 2006 | $5,765 -2.4% | $718,800 +73.9% |
| 2005 | $5,907 +11.2% | $413,400 |
| 2002 | $5,312 | $413,400 |
Find assessor info on the county website
Neighborhood: Kay/Catherine
Nearby schools
GreatSchools rating
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 0.3 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 1.9 mi
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 1 mi
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- Rhode Island
- Newport County
- Newport
- 02840
- Kay/Catherine
- 40 Cranston Ave
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