32 Dearborn Street
32 Dearborn Street Newport, Rhode Island 02840 United States

$1,395,000
 Get directions
 
Advertiser Logo
Listing Courtesy of Lila Delman Compass
$1,395,000
Change Currency
.12 Acres
Exterior
Commercial
Property type
1900
Year Built
1283285
Web Id
1283285
MLS ID
Yachting Village
Subdivision
Newport
School District
15
days ago
This Property is Currently Contract Pending

About 32 Dearborn Street

Rare 5-Unit residential property with detached two car garage and additional parking all located in the desirable downtown Yachting Village. All units are rented with yearly leases and one that is month-to-month. Four units are 1 bedroom/1 bath and the full third/top floor is a 3 bedroom/1 bath with skylights. Unit 5 which is the top floor is furnished and lends itself to seasonal rentals and the potential to expand water/bridge views. Exceptionally well maintained property with great curb appeal, newer roof & driveway, paved overflow parking, updated electrical, vinyl replacement windows, and brand new hot water heater. Fire Code compliant. Many original interior details abound from the gorgeous hardwood floors, glass doors, cast iron radiators, and molding. Nice division and privacy between all units with a center staircase as well as two side staircases. Some of the units have been refurbished, remodeled, and/or painted. Strong financials and rental history with growth potential. Heat (gas) and water/sewer are included in the rents. Common coin-op laundry available on the first level. Located only one block from the harbor and in close walking proximity to all that Newport has to offer. This multi-family is turnkey. 2021 Assessment $715,400. Taxes TBD.

features

Additional Listing Type
In Contract

PROPERTY INFORMATION

Heating
Baseboard, Forced Water, Zoned
Location
Downtown
Sewer
Connected
Water
Connected
Listing Courtesy of Lila Delman Compass
Listing Courtesy of Lila Delman Compass
Advertiser Logo
Listing Courtesy of Lila Delman Compass
Contact Agent