TWO MULTI-FAMILY BUILDINGS SOLD AS A PACKAGE FOR $1,475,000. (See listing for 83 Tilden Avenue: MLS #1335221) Introducing an incredible opportunity to acquire 79 AND 83 Tilden Avenue, two adjacent multi-family properties offering (6) TOTAL UNITS plus two additional lots giving ample off-street parking to all tenants. 83 Tilden Avenue is comprised of (2) two-bedroom / one-bath side-by-side units each with a private deck and separate utilities. 79 Tilden Avenue consists of (4) one-bedroom / one-bath apartments each with separate gas and electricity, pine floors throughout, and shared laundry in the basement. The property boasts a convenient location in the Kerry Hill neighborhood, close to essential amenities, the Newport Bridge, downtown historic Newport, and transportation options. With local rental demand remaining strong, this fully-occupied property provides a steady cash flow for investors seeking long-term returns in the Newport real estate market. This property is not in the Historic District. *Please Note: Four separate lots are being sold as one package (plat 18: lots 141, 014, 148, 027). Figures for lot size, assessment and property taxes represent all four lots.
Sold for $1,315,000
$1,315,000
79 Tilden Ave, Newport, RI 02840
4beds
2,860sqft
Multi Family
Built in 1880
-- sqft lot
$1,397,300 Zestimate®
$460/sqft
$3,306 Estimated rent
Home value
$1,397,300
$1.24M - $1.58M
$3,306/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Kate Rooney 401-636-7894,
Gustave White Sotheby's Realty
Bought with:
Gordon King, RES.0040040
Hogan Associates Christie's
Source: StateWide MLS RI,MLS#: 1335207
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Bathroom
- Features: Bath w Shower Stall
Heating
- Natural Gas, Baseboard, Forced Water, Gas Connected
Cooling
- None
Appliances
- Included: Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Laundry: Common Area, In Building
Features
- Wall (Plaster), Plumbing (Mixed)
- Flooring: Hardwood
- Basement: Full,Bulkhead,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,951
- Total interior livable area: 2,860 sqft
Property
Parking
- Total spaces: 4
- Parking features: No Garage
Features
- Stories: 3
- Patio & porch: Deck
Lot
- Size: 9,330 Square Feet
- Features: Extra Lot
Details
- Parcel number: NEWPM018B0027
- Zoning: R10
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Plaster, Clapboard, Shingles, Wood
- Foundation: Mixed
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: In Fee, Public Sewer
- Water: In Fee, Municipal
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Golf, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
- Subdivision: Kerry Hill
HOA
- Has HOA: No
Location
- Region: Newport
Financial & listing details
- Price per square foot: $460/sqft
- Tax assessed value: $662,400
- Annual tax amount: $11,899
- Date on market: 9/26/2024
- Inclusions: Assessments and property tax calculations are for all four lots combined. Gas and electric are separately metered. Water is included in the rent. Coin-op washer and dryer in basement is for the use of all four units.
- Total actual rent: 6200
- Tenant pays: Hot Water, Heat
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2024 | Listing removed | -- |
Source: StateWide MLS RI #1355322 Report a problem | ||
| 4/15/2024 | Price change | $2,400-4%$1/sqft |
Source: StateWide MLS RI #1355322 Report a problem | ||
| 3/25/2024 | Listed for rent | $2,500+108.3%$1/sqft |
Source: StateWide MLS RI #1355322 Report a problem | ||
| 9/28/2023 | Sold | $1,315,000+1.2%$460/sqft |
Source:  StateWide MLS RI #1335207 Report a problem | ||
| 9/7/2023 | Pending sale | $1,300,000$455/sqft |
Source: StateWide MLS RI #1335207 Report a problem | ||
| 7/11/2023 | Contingent | $1,300,000$455/sqft |
Source: StateWide MLS RI #1335207 Report a problem | ||
| 6/20/2023 | Price change | $1,300,000-11.9%$455/sqft |
Source: StateWide MLS RI #1335207 Report a problem | ||
| 5/17/2023 | Listed for sale | $1,475,000+106%$516/sqft |
Source: StateWide MLS RI #1335207 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/23/2019 | Listing removed | $1,200 |
Source: Owner Report a problem | ||
| 1/23/2019 | Listed for rent | $1,200 |
Source: Owner Report a problem | ||
| 9/27/2017 | Sold | $716,000-1.8%$250/sqft |
Source: StateWide MLS RI #1166557 Report a problem | ||
| 7/13/2017 | Listed for sale | $729,000$255/sqft |
Source: WILLIAM RAVEIS CHAPMAN ENSTONE #1166557 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,756 +5.7% | $662,400 |
| 2024 | $5,445 +25.3% | $662,400 +46.5% |
| 2023 | $4,344 | $452,000 |
| 2022 | $4,344 +3% | $452,000 |
| 2021 | $4,217 +16.4% | $452,000 +28.2% |
| 2020 | $3,624 -33.3% | $352,500 |
| 2019 | $5,436 +3% | $352,500 |
| 2018 | $5,280 -8.5% | $352,500 -5% |
| 2017 | $5,769 +2.6% | $371,000 |
| 2016 | $5,624 +2.5% | $371,000 |
| 2015 | $5,487 +55.5% | $371,000 +50.3% |
| 2005 | $3,528 | $246,900 |
Find assessor info on the county website
Neighborhood: Kerry Hill/Van Zandt
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Nearby schools
GreatSchools rating
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 0.2 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 1.8 mi
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 1.1 mi
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Estimated market value
$1,397,300
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Estimated market value
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