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Backup Offers

18 Rhode Island Ave, Newport, RI, 02840

$2,000,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Full Baths, 1 Partial
Multi
Schools Nearby

Location

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18 Rhode Island Ave, Newport$2,000,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1880
HeatingNatural Gas, Hot Water
CoolingWindow Unit(s)
BasementYes
WaterfrontWaterfront
FireplaceNone
MLS #1355846
Lot Size0.24 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 18 Rhode Island Ave

Welcome to this gracious and expansive Victorian home spanning over 4800 sq ft, ideally located within walking distance to town. Built in the 1880s, this property exudes charm with its wraparound porch and original details throughout. Currently configured as a three-family dwelling, this property offers versatility as it can easily be converted back to a single-family home. Unit One is generously sized with two floors of living and features a living room, dining room, den, well-appointed kitchen, and 4 bedrooms and 2 baths. The second unit is a bright and spacious studio with a large modern bathroom and an updated kitchen that opens to a private deck. The third unit boasts three bedrooms, a living room, dining area, updated kitchen, and bathroom. Additionally, there's walk-up access to a rooftop deck offering stunning views of the Newport Bridge. Gorgeous hardwood floors are showcased throughout the home. All utilities have been updated, each unit is separately metered and includes its own laundry facilities. Outside, the beautifully landscaped yard features a paved driveway and a spacious fenced lot with parking for up to 8 cars. This property is a rare find and offers endless possibilities for both investors and homeowners alike.

Property Details

Property Features

Property Information:

  • Year Built: 1880

Listing Office:

  • Office Name: RE/MAX Results
  • Office Phone: (401) 848-7827

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Hardwood, Marble
  • Interior: Tub Shower
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • Exterior: Balcony, Porch, Patio, Paved Driveway

Parking Information:

  • Parking: No Garage

Virtual/3D Tour

  • Virtual Tour: 18 Rhode Island Ave

Virtual Tour

Lot Features

Lot Information:

  • Lot: Paved
  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Rogers High School, Public District Grades 9-12
  • Frank E. Thompson Middle School, Public District Grades 5-8
  • Claiborne Pell Elementary School, Public District Grades PK-4

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,000,000

Tax Information:

  • Annual Amount: $8,230
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Newport, RI.

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Newport, RI

City

Med. Sold Price

$820K

Med. Price/SqFt

$566

Avg. Days On Market

60

# of Sold Homes

18

18 Rhode Island Ave vs Newport

25 DAYS ON ROCKET

-35 Days

$2,000,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in Newport, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1355846

Listing Office:

  • Office Name: RE/MAX Results
  • Office Phone: (401) 848-7827

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 3:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$8,230$882,100
2020$6,650$646,900
2019$6,650$646,900
2018$6,463$646,900
2017$7,186$641,000

History based on county public records data.

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,063

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3490196
2
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 0.90 miles

  • Public District Grades PK-4

Middle School

school-card-donut-3490197
3
/10

  • Frank E. Thompson Middle School

  • 55 Broadway

  • 0.35 miles

  • Public District Grades 5-8

High School

school-card-donut-3490198
4
/10

  • Rogers High School

  • 15 Wickham Rd

  • 2.05 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,625. The most common annual income of people living in Newport, RI is between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Rhode Island›Newport County›Newport›02840›18 Rhode Island Ave

This home is located at 18 Rhode Island Ave in Newport, RI and zip code 02840. This home, which was built in 1880, sits on a 0.24 acre lot. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 04, 2024 and is currently priced at $2,000,000.

While more than 2 listings in Newport, RI in March 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 13 were sold below. The number of homes for sale in Newport, RI increased by 20% between February 2024 and March 2024. Listings spent 60 days on the market in March 2024, and had a median list price of $820,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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