$1,950,000
About this home
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.
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.
- Real estate (PITI + HOA + PMI)
- $11,929
- Utilities
- $2,879
- Transportation
- $129
- Other (entertainment)
- $127
Quick facts
At a glance
Home features
Lot features
Fenced, Paved Driveway, Paved, Sidewalks
Neighborhood — 02840
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 25,678 | 1,095,423 | 299,088,112 |
| Population Change Since1990 | -8.00% | 9.00% | 20.00% |
| Population Density | 3,344 | 994 | — |
| Male | 12,039 | 529,266 | 147,432,321 |
| Female | 13,562 | 566,157 | 151,655,844 |
| Never Married | 7,807 | 266,404 | 63,775,926 |
| Married | 8,167 | 435,678 | 123,120,365 |
| Separated | 1,473 | 43,642 | 12,639,686 |
| Widowed | 1,699 | 66,668 | 15,467,586 |
| Divorced | 2,691 | 83,843 | 23,075,029 |
| Number Of House Hold | 10,531 | 410,399 | 111,826,380 |
| Average House Hold Size | 2.27 | 2.56 | 2.60 |
| Medial Age | 38.52 | 37.27 | 35.46 |
| 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 R | 7.00% | 7.00% | — |
| W C J | 80.40% | 78.02% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 4/12/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.