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Coldwell Banker Realty
9 Ann Street, Newport, RI 02840
- $1,549,000
- 8
- BD
- 3
- BA
- List Price
- $1,549,000
- Status
- COMING SOON
- Days on Market
- 0
- MLS#
- 1428203
- Subtype
- Residential Income
- Style
- Stacked
- Architectural Style
- Stacked
- Year Built
- 1890
- Bedrooms
- 8
- Bathrooms
- 3
- Full Baths
- 3
- Lot Size
- 1,742
- Acres
- 0.04
- Subdivision
- Downtown
Property Description
Secure a great opportunity for year-round cash flow investment with this turnkey multi-family property in the heart of downtown Newport. The residence features a spacious three-bedroom, 1 bathroom layout on the first floor alongside a sprawling five-bedroom, 2 bathroom upper unit that spans two levels with multiple living spaces, including a third floor kitchenette and private deck. The heavy lifting is already done, showcasing recent cosmetic upgrades to include new quartz countertops, kitchen appliances, freshly painted interiors, and refinished/new floors. Big-ticket expenditures are also covered thanks to a three-year-old roof, newer gas heating systems, and a completely updated electrical system. Historically maintaining a near-zero vacancy rate, this property offers strong year-round rental income that easily attracts steady tenants. Separate utilities for each unit guarantee low overhead and a streamlined management experience for the next landlord or owner-occupant. This versatile property presents endless possibilities as a high-performing investment property, seasonal rental opportunity, multi-generational residence, or a combination of personal use and rental income. Situated moments from Newport's vibrant waterfront and downtown attractions, this is a rare opportunity to acquire an updated asset in a sought-after coastal community. *More Photo's Coming*
Additional Information
- Interior Features
- Interior Steps, Skylights, Stall Shower, Tub Shower
- Exterior Features
- Deck
- Taxes
- $8,638
- Property Description
- Stacked
- Flooring
- Ceramic Tile, Hardwood, Laminate
- Appliances
- Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
- Heating
- Gas, Hot Water
- Air Conditioning
- 1 Unit
- Exterior Construction
- Drywall, Plaster, Shingle Siding, Wood Siding
- Foundation
- Stone
- Parking Features
- No Garage
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Listing courtesy of Compass. Contact: 401-835-0395
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