41.483982 -71.31375
$1,350,000
Active
4 Bed
3 Full Bath
2,700Sqft
2,614Lot Size
Multi-Family in Newport
Fantastic investment property available, steps from Thames Street! Located around the corner from Memorial Boulevard and just down from St Mary Church, the shingled 3-unit residential property at 25 Fair Street has wonderful potential. Located in the heart of Newport, it is convenient to everything – shopping, restaurants, the Wharf and more! Currently a 4 bedroom, 3 bath building, renting all 3 units will be a breeze. At the back of the property, facing Gidley Street, is a two car (previously 3 car) garage with an available parking spot in front of the garage doors. And, best of all, the garage is an additional source of income. Multi-unit properties like this, and in a location as good as this, do not come on the market that often. Call now for a private showing.
Courtesy Of J.E. Group Properties See how Multiple Listing Services benefit you >

Main Features

  • Listing Status: Active
  • Year Built: 1881
  • Garage: 2.0
  • Rooms: 9
  • Full Bath: 3
  • County: Newport
  • Taxes: $5,255.00
  • MLS Number:1322678

Additional Features

  • Cooling:
    • Individual Unit
  • Equipment:
    • Dishwasher
  • Flooring:
    • Hardwood
  • Interior Features:
    • Skylight
    • Stairs
  • Walls:
    • Dry Wall
    • Plaster
  • Bathroom Description:
    • Bath w Tub & Shower
  • Laundry:
    • Off Site
  • Inclusions:
    • Currently only one unit rented (lease expires June 1, 2023). Owner has chosen to leave other unit vacant for the new owner. Garage is rented to Scooter World for $600/mo. (month to month lease)
  • Fireplace:
    • None
  • Garage Type:
    • Detached
  • Type:
    • Up/Down
  • Basement Details:
    • Full
  • Basement Entry:
    • Interior and Exterior
  • Basement Finished:
    • Unfinished
  • Basement Rooms:
    • Utility
  • Foundation:
    • Stone
  • Exterior:
    • Shingles
  • Acres:
    • 0.06
  • Close To:
    • Bus
    • Marina
    • Public School
    • Shopping
  • Electric:
    • 100 Amps
  • Heating Fuel:
    • Gas
    • Oil
  • Heating Paid By:
    • Tenant
  • Heating System:
    • Baseboard
  • Hot Water:
    • Individual
  • Sewer:
    • Connected
  • Number of Buildings:
    • 2
  • Water:
    • Connected
  • Water Amenities:
    • Walk to Salt Water
  • Above Grade SQFT:
    • 2700
  • Basement Percent Finished:
    • 0
  • Listing Website:
    • www.jegroup.properties
  • Lot Size Sq Ft:
    • 2614
  • Onsite Parking Spaces:
    • 1
  • Total Parking Spaces:
    • 3

Compensation Info

  • * Compensation Comments:
    • 1.75% of the net sale to RI MLS Broker
  • * Compensation to Cooperating Broker:
    • 1.75% net sale
  • *Offer of Cooperative Compensation is made only to licensed brokers who are Participants in State-Wide MLS.
38 Red Oak Way Wakefield RI 02879
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