12 days on rocket

75 Malbone, Newport, RI, 02840

$899,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths
1,944 SqFt
$462/SqFt
Multi
Schools Nearby

Location

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75 Malbone, Newport$899,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street, Assigned
Year Built1940
HeatingOil
CoolingWindow Unit(s)
BasementYes
MLS #73233610
Lot Size0.08 Acres
StatusActive

About 75 Malbone

Welcome to this exceptional opportunity to own a highly desirable 2-family multi-unit property located in beautiful Newport, Rhode Island. This well-maintained gem is perfectly situated within walking distance of not only the Newport Navy base, but also Newport Hospital, making it an ideal investment opportunity. The location is also just minutes away from the vibrant downtown area, historic landmarks, world-class dining, not to mention breathtaking coastal views. The property offers two units, which both contain two bedrooms, one full bathroom and 972 square feet of space. Providing comfortable, versatile living space for new owners to enjoy. The upstairs unit features a lovely balcony area perfect to enjoy personalized outdoor space. Both units conveniently offer onsite laundry, a shared yard perfect for relaxing and additional storage space in the shared basement. Both the units have month to month tenants, property can be delivered vacant.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Living Area: 1,944 SqFt

Listing Office:

  • Office Name: Castle Keep Realty Corp.
  • Listing Agent: Cesar Patricio

Interior Features

Interior Information:

  • Appliances: Range, Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Yes
  • Flooring Type: Wood, Hardwood
  • Interior: Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Kitchen

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Balcony/Deck, Rain Gutters

Parking Information:

  • Parking: Off Street, Assigned

Lot Features

Lot Information:

  • Lot: Gentle Sloping
  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Oil
  • 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

Other

Directions Information:

  • Directions: Use GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,000
  • Price Per SqFt: $462/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2
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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

$850K

Med. Price/SqFt

$578

Avg. Days On Market

54

# of Sold Homes

19

75 Malbone vs Newport

12 DAYS ON ROCKET

-42 Days

$899,000

+$49K More

$462/SqFt

-$117 Less

KEY TAKEAWAY

This property is $49K more than the Median Sold Price and $117/SqFt less than other homes in Newport, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73233610

Listing Office:

  • Office Name: Castle Keep Realty Corp.
  • Listing Agent: Cesar Patricio

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/19/2024, 9:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-3714558
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 0.41 miles

  • Public District Grades PK-4

Middle School

school-card-donut-3714559
3
/10

  • Frank E. Thompson Middle School

  • 55 Broadway

  • 0.78 miles

  • Public District Grades 5-8

High School

school-card-donut-3714560
3
/10

  • Rogers High School

  • 15 Wickham Rd

  • 2.53 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 $70,253. Most Newport, RI residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Rhode Island›Newport County›Newport›02840›75 Malbone

This home is located at 75 Malbone in Newport, RI and zip code 02840. This 1,944 square foot home, which was built in 1940, sits on a 0.08 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 06, 2024 and is currently priced at $899,000.

Newport, RI housing market in April 2024 saw over 8 listings sold above listed price, more than 2 sold at listed price and over 9 sold below. The inventory of homes for sale in Newport, RI between March 2024 and April 2024 increased by 13.3%. While the average time on the market in April 2024 was 54 days, the median list price was $850,000.

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

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