13 Dean Avenue

Newport, RI 02840

Newport is the place to be! Have your own place in the heart of yachting village with plenty of room to park your car and your tender. Walk to all the Newport happenings from your doorstep. Start your Newport story with this exceptional investment. Rent out the other two apts or have your in-laws or extended family join you next summer. Life is too short not to plan ahead for your summer fun. Sold furnished! Fully-restored 3 unit on oversized lot (25% building cov.) in the heart of Newport's Historic Yachting Village! Located steps to Thames Street and all Newport has to offer, this is a tremendous investment or owner occupant opportunity offering as high as a 8.2% Cap Rate--a stellar return for the area, and up to 6+ PARKING SPACES. The entire home has been renovated and restored from the roof to the Premium Andersen Replacement Windows with transferrable warranty. The home features three large units, (2) 2 BR/ 1.5 BA, and (1) 1BR/ 1 BA, all currently rented. Units feature hardwood flooring, premium bathrooms and kitchens completely updated and remodeled. Each unit has its own energy efficient ductless heating and cooling system, and is also connected to gas, water, sewer. The roof is young, and was stripped and replaced in 16 with transferrable warranties. Each unit comes w/ new dedicated Maytag washer/dryers.

Listing courtesy of The WP Group of Smith and Oak Real Estate Co. 4012818491



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Last checked: 2025-11-13 03:56 AM UTC