CCertihomes
38 Dr. Marcus F. Wheatland, Newport, RI 02840

$2,300,000

6 beds 4 baths Built 1986Active

About this home

Rare opportunity of an updated multi mixed used unit property in Newport with 7, 008 SF lot, parking for up to 11 cars, Brand new updated units, fully furnished, Two loft style units townhouse style on top level with two bedrooms & bath, lower level has three full bedrooms with their own private bathrooms & mini fridge, coffee maker and sink with a hotel style room with each room having a private entry. This property does offer five units in total! Right in the heart of Newport walking distance to all restaurants, water dock & tourism area. It's a Must See!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$15,587/mo

Real estate (PITI + HOA + PMI)
$14,427
Principal + interest$10,432
Property tax + insurance$3,132
PMI / 2nd mortgage$863
Utilities
$3,611
Heating + cooling$1,659
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$15,587/mo TLC
Budget$16,087/mo
Remaining after TLC$500/mo
Purchase price
$2,300,000
Down payment
$115,000 (5%)
Loan amount
$2,185,000
APR
4%

Quick facts

Type
Rental
Style
Year built
1986
Lot size
0.1609 ac
Stories
3
Heating
Electric, Forced Air, Other
Cooling
Wall Unit(s)
Water
Public
HOA
Annual tax
$8,709
MLS #
1356291
County
Newport

At a glance

Basement
Dishwasher

Home features

Appliances
Electric Water HeaterDishwasherDryerExhaust FanRange HoodMicrowaveOven/RangeRefrigeratorWasher
Interior
Cathedral CeilingsSkylightStairsWalls: Dry WallPlumbing: MixedInsulation: CeilingWalls
Exterior
DeckPatioPorch
Parking
No Garage
Fireplace
None
Flooring
Ceramic Tile, Laminate, Carpet
Sewer
Public

Lot features

Fenced, Paved Driveway, Paved, Sidewalks

Neighborhood — 02840

MetricThis ZIPCountyUSA
Population25,6781,095,423299,088,112
Population Change Since1990-8.00%9.00%20.00%
Population Density3,344994
Male12,039529,266147,432,321
Female13,562566,157151,655,844
Never Married7,807266,40463,775,926
Married8,167435,678123,120,365
Separated1,47343,64212,639,686
Widowed1,69966,66815,467,586
Divorced2,69183,84323,075,029
Number Of House Hold10,531410,399111,826,380
Average House Hold Size2.272.562.60
Medial Age38.5237.2735.46
Median House Hold Income$48,216$47,553$48,276
Average House Hold Income$65,270$61,609$63,629
P C I$28,066$23,965$24,529
M D I$41,065$40,634$41,133
A T H E$52,096$49,940$50,898
S T R7.00%7.00%
W C J80.40%78.02%77.74%
(Zip) Code
2840

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 4/8/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

38 Dr. Marcus F. Wheatland · Newport — $2,300,000 · Certihomes