Sold for $98,000,000

$98,000,000

51 Lee Ave, Newport, RI 02840

5beds

3baths

2,151sqft

MultiFamily

Built in 1900

-- sqft lot

$1,101,600 Zestimate^®

$45,560/sqft

$3,083 Estimated rent

Home value

$1,101,600

$870,000 - $1.37M

$3,083/mo

Zestimate^® history

Owner options

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$3,083/mo

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$3,083/mo

Rent Zestimate^®

Refinance and save

$475,561/mo

Est. payment

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$475,561/mo

Est. payment

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What's special

Large multi family in convenient downtown Newport location. Complete interior renovation in 2000. all new plumbing, elec, gas heat and hot water. Sep metered. Mo to mo leases. On site pking for six cars in rear of lot from Bachellor St.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3

Heating

Forced air, Gas

Interior area

Total interior livable area: 2,151 sqft

Property

Features

Exterior features: Other

Lot

Size: 3,920 Square Feet

Details

Parcel number: NEWPM035B0272

Construction

Type & style

Home type: MultiFamily

Materials

Frame
Roof: Asphalt

Condition

Year built: 1900

Community & HOA

Location

Region: Newport

Financial & listing details

Price per square foot: $45,560/sqft
Tax assessed value: $801,700
Annual tax amount: $6,966

Price history

Date	Event	Price
8/3/2023	Sold	$98,000,000+31011.1%$45,560/sqft
Source: Public Record Report a problem
12/1/2010	Sold	$315,000-7.1%$146/sqft
Source: Public Record Report a problem
10/30/2010	Price change	$339,000-8.1%$158/sqft
Source: Gustave White Sotheby's International Realty #970464 Report a problem
9/4/2010	Price change	$369,000-7.5%$172/sqft
Source: Gustave White Sotheby's International Realty #970464 Report a problem
7/3/2010	Listed for sale	$399,000+295%$185/sqft
Source: Gustave White Sotheby's International Realty #970464 Report a problem
4/12/1999	Sold	$101,000$47/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,966 +5.7%	$801,700
2024	$6,590 +33.2%	$801,700 +55.8%
2023	$4,946	$514,700
2022	$4,946 +3%	$514,700
2021	$4,802 +7.6%	$514,700 +18.5%
2020	$4,464	$434,200
2019	$4,464 +2.9%	$434,200
2018	$4,338 +8.8%	$434,200 +22.1%
2017	$3,987 +2.5%	$355,700
2016	$3,888 +2.5%	$355,700
2015	$3,795 -0.6%	$355,700 +12.4%
2014	$3,817 +6.2%	$316,500
2012	$3,595 -13.7%	$316,500 -24.5%
2011	$4,165 +3.9%	$419,400
2010	$4,009 +0.4%	$419,400
2009	$3,993 +5.8%	$419,400 -3.7%
2008	$3,774 +4%	$435,300
2007	$3,630 +4%	$435,300
2006	$3,491 +11.5%	$435,300 +98.7%
2005	$3,131 +9.2%	$219,100 -1.7%
2002	$2,866	$223,000