Nicole Vargas
Price Reduced 1.11%
Price History
$899,000
2/14/2024
$889,000
5/22/2024
75 Malbone Road, Newport, RI, 02840
10 rooms
4 beds
2 Full baths
1940
Welcome to this exceptional opportunity to own a highly desirable 2-family multi-unit property located in beautiful Newport, Rhode Island. This well-maintained gem is perfectly situated within walking distance of not only the Newport Navy base, but also Newport Hospital, making it an ideal investment opportunity. The location is also just minutes away from the vibrant downtown area, historic landmarks, world-class dining, not to mention breathtaking coastal views. The property offers two units, which both contain two bedrooms, one full bathroom and 972 square feet of space. Providing comfortable, versatile living space for new owners to enjoy. The upstairs unit features a lovely balcony area perfect to enjoy personalized outdoor space. Both units conveniently offer onsite laundry, a shared yard perfect for relaxing and additional storage space in the shared basement. The units offer convenient gas heat, keeping utility costs down for any future tenants. Currently both units are Month to Month. The current rental rates are below market value so there certainly is room for growth with the rental revenue. You will find this property has been very well cared for which you and your tenants will appreciate. Parking in Newport can certainly be a challenge, but not here. With space for up to four vehicles for your tenants. Don't miss out on this fantastic opportunity to own an investment property in Newport, RI.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Common Area
Units:
2
Zoning:
R10
Garage:
No Garage
Heating:
Baseboard, Oil
Cooling:
1 Unit
Basement:
Full, Interior Entry, Unfinished
Parking:
4-car
Acreage:
0.08
Est. Taxes:
$3,924
Assessment
$613,600
Construction
Drywall,Wood Siding,Vinyl Siding
Utilities
Sewer Connected
Lot Description:
Corner Lot
Amenities:
Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
Days on Market:
109
Appliances:
Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
MLS #:
1352865
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Castle Keep Realty Corp. Phone: 401-846-0386