$1,375,000

About this home

Just off Upper Broadway, this well-maintained three-family home offers two spacious 3-bedroom apartments and an updated 2-bedroom apartment, all featuring modern improvements. Major capital expenditures have already been addressed, making this a truly turnkey opportunity. Recent improvements include a newer roof, clapboard siding, windows and exterior PVC trim, gutters, chimney caps, updated electrical, plumbing and heating systems, a new sewer main, sump pump, EV charging station, and Trex decking. The individual units were also updated just a few years ago. Additional highlights include five off-street parking spaces, a two-car garage, deck, and garden area. Ideally located just off Broadway, the property is close to restaurants and shops, the U.S. Naval War College, downtown Newport, and convenient highway access. Lastly, this property is eligible for a 2/1 interest rate buydown through AnnieMac Home Mortgage. Qualified buyers may be able to start with an interest rate 2% below the prevailing rate in year one and 1% below in year two, subject to lender approval and program guidelines. Contact the listing agent for additional details.

Property facts

Property type

Multi Family

Year built

1870

Lot size (acres)

0.12

Total rooms

15

Garage spaces

2

Total parking

5

Annual taxes

$7,371

Tax year

2025

Neighborhood

North Broadway

County

Newport

Features

Heating

Natural Gas, Oil, Forced Water

Cooling

None

Basement

Full, Bulkhead, Unfinished, Utility

Appliances

Electric Water Heater

Interior

Wall (Dry Wall), Stairs, Plumbing (Mixed)

Laundry

In Building, In Unit

Parking

Detached

Construction

Dry Wall, Clapboard

Utilities

Sewer Connected, Water Connected

Sewer

Public Sewer, Public

Water

Municipal, Public

Community

Bus, Commuter Bus, Highway Access, Hospital, Private School, Public School, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis

Location