13 Dean Ave, Newport, RI 02840
FOR SALE

13 Dean Ave
Newport, RI 02840

Harbor/Lower Thames
  • 5 Beds
  • 5 Baths
  • 2,356 sqft
  • 5 Beds
  • 5 Baths
  • 2,356 sqft

$1,950,000

Est. Mortgage $11,847/mo*

Local Information

map showing home location
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-- mins to
Commute Destination

Description

In Newport's sought-after Yachting Village, a superb opportunity awaits to own a meticulously updated three-family home in the bustling heart of downtown. This property has undergone extensive renovations by the current owner, including newer windows, renovated bathrooms and kitchens, updated appliances, enhanced insulation, and a roof just eight years old. Inside, each unit boasts elegant refinished hardwood floors, open-concept living spaces, modern kitchens and bathrooms, and custom insert blinds for flexible lighting control. Balcony space on every level provides a charming outdoor retreat, while 3 full-size washer/dryers and storage area ensure convenience for each unit. Outside, a backyard features secure bike storage, and a newly paved oversized parking lot accommodates up to six cars side-by-side or nine with tandem parking. The seller includes a feasibility study for a garage addition, previously present until 1998. All units have leases starting between April 15th to May 1, providing immediate rental income. The home is being sold furnished and fully tenanted. Whether for investment or residence, 13 Dean Avenue presents an enticing prospect in Newport's vibrant downtown scene. Detailed rental income records offer valuable insights for investors.

Home Highlights

Parking
Open Parking
Outdoor
Porch, Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
$828
Listed
17 days ago

Home Details for 13 Dean Ave

Interior Features

Interior Details
Basement: Full,Unfinished,Interior and Exterior,Common,Storage SpaceNumber of Rooms: 15Types of Rooms: Bathroom
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 5Number of Bathrooms (full): 3Number of Bathrooms (half): 2
Dimensions and Layout
Living Area: 2356 Square Feet
Appliances & Utilities
Utilities: Water ConnectedAppliances: Dryer, Exhaust Fan, Microwave, Oven/Range, Refrigerator, Washer, Gas Water HeaterDryerLaundry: In Building,In BasementMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Natural Gas,Forced Water,Gas ConnectedHas CoolingAir Conditioning: DuctlessHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Fireplace: NoneNo Fireplace
Gas & Electric
Electric: 200+ Amp Service, In Fee, Individual Meter
Windows, Doors, Floors & Walls
Window: Insulated Windows, Skylight(s)Flooring: Hardwood, Other
Levels, Entrance, & Accessibility
Stories: 3Levels: Levels(3)Floors: Hardwood, Other
View
No View

Exterior Features

Exterior Home Features
Patio / Porch: Deck, PorchFencing: FencedFoundation: Concrete Perimeter, StoneNo Private Pool
Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 9Parking: No Garage,Paved Driveway
Frontage
Not on Waterfront
Water & Sewer
Sewer: In Fee, Municipal, Public Connected

Days on Market

Days on Market: 17

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Up/DownArchitecture: Up/Down
Building
Construction Materials: Clapboard, Dry Wall, Mixed Plumbing, Insulation (Ceiling), Insulation (Floors), Insulation (Walls)Not a New Construction
Property Information
Included in Sale: Units are individually metered for Electric and can be billed separately.

Price & Status

Price
List Price: $1,950,000Price Per Sqft: $828
Status Change & Dates
Possession Timing: Leases

Active Status

MLS Status: Active

Location

Direction & Address
City: Newport

Agent Information

Listing Agent
Listing ID: 1356429

Community

Not Senior Community

HOA

HOA Fee: No HOA Fee

Lot Information

Lot Area: 4095 sqft

Compensation

Buyer Agency Commission: 2.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Rental

Owner Pays: Hot Water

Miscellaneous

BasementMls Number: 1356429
Last check for updates: about 21 hours ago
Listing courtesy of Tracy Shea, (617) 697-4570
Coldwell Banker Realty
Source: StateWide MLS RI, MLS#1356429

Price History for 13 Dean Ave

DatePriceEventSource
04/12/2024$1,950,000Listed For SaleStateWide MLS RI #1356429
09/09/2022ListingRemovedStateWide MLS RI #1309969
08/31/2022$2,228,000PriceChange
StateWide MLS RI #1309969
05/13/2022$2,250,000Listed For SaleStateWide MLS RI #1309969
10/09/2001$310,000Sold
N/A
05/27/1997$135,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$5,065
Assessment$527,100
Home facts updated by county records

Comparable Sales for 13 Dean Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.08
Multi-Family Home
$740,000
06/09/23
4
2
1,386
0.25
Multi-Family Home
$1,250,000
07/05/23
4
3
1,848
0.43
Multi-Family Home
$1,350,000
09/28/23
5
3
2,437
0.03
Multi-Family Home
$1,000,000
04/12/24
4
2
1,272
0.40
Multi-Family Home
$1,170,000
09/29/23
4
3
2,250
0.46
Multi-Family Home
$1,700,000
12/15/23
5
5
4,510
0.33
Multi-Family Home
$1,774,500
10/06/23
6
6
3,432
0.56
Multi-Family Home
$1,000,000
09/25/23
4
2
1,758

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Harbor/Lower Thames

  • Trulia User
    "The best way to see the houses is to walk down Bellevue, it’s much safer than driving and stopping at each one. "
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  • Peter H.
    "Hell! My work commute is 40 miles north of town, but once I get home I walk or bike everywhere. Amenities are literally steps away. "
    4
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  • Annamarie R.
    "I live in Newport, RI - this area is a great in-town location with a walk around the corner to the harbor, yacht clubs, resterants, shopping and the buzz!"
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LGBTQ Local Legal Protections

Tracy Shea, Coldwell Banker Realty
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
13 Dean Ave, Newport, RI 02840 is a 5 bedroom, 5 bathroom, 2,356 sqft multi-family built in 1900. 13 Dean Ave is located in Harbor/Lower Thames, Newport. This property is currently available for sale and was listed by StateWide MLS RI on Apr 12, 2024. The MLS # for this home is MLS# 1356429.