$1,700,000
$1,600,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
11 Merton RD Newport, RI 02840
4 Beds
2 Baths
1,628 SqFt
Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,628 sqft
Price per Sqft $1,044
Subdivision Memorial Blvd
MLS Listing ID 1384067
Sold Date 05/20/25
Bedrooms 4
Full Baths 2
HOA Fees $8/mo
HOA Y/N No
Abv Grd Liv Area 1,628
Year Built 1900
Annual Tax Amount $5,581
Tax Year 2024
Lot Size 2,051 Sqft
Acres 0.0471
Property Sub-Type Multi Family
Property Description
Welcome to 11 Merton Road, a rare investment opportunity located in the historic heart of Newport. This legal Airbnb-approved short-term rental property features two fully registered units, offering a chance for investors or buyers seeking a second home with substantial income potential. Ideally situated to capitalize on Newport's thriving tourism market, this property provides both versatility and undeniable charm. The residence is divided into two distinct 2-bedroom, 1-bath units. The upper-level unit boasts a spacious, open layout with central air conditioning, plus access to a generous private deck perfect for relaxation or entertaining. The first-floor unit offers modern upgrades and cozy living spaces. Both units benefit from updated heating and cooling systems for year-round comfort, along with new composite siding for a low-maintenance exterior. Additional highlights include off-street parking and a private outdoor space for residents to enjoy. The property's unbeatable location is just steps from the Tennis Hall of Fame, the elegant shops and dining along Bellevue Avenue, and a short stroll to the stunning Cliff Walk, beaches, and the Newport waterfront. With its prime location, the property is poised to attract consistent rental demand. Don't miss this exceptional chance to own a versatile, income-generating property that combines steady revenue.
Location
State RI
County Newport
Community Memorial Blvd
Zoning GB
Rooms
Basement Full, Unfinished
Interior
Interior Features Furnished
Heating Central, Gas, Hot Water
Cooling Central Air, Window Unit(s)
Flooring Ceramic Tile, Hardwood
Furnishings Furnished
Fireplace No
Appliance Dryer, Dishwasher, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
Laundry Common Area
Exterior
Community Features Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
Utilities Available Sewer Connected
Waterfront Description Walk to Water
Total Parking Spaces 1
Garage No
Building
Sewer Connected, Public Sewer
Water Connected, Public
Structure Type Clapboard
New Construction No
Others
Senior Community No
Tax ID 11MERTONRDNEWP
Financing Cash
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Bought with Coldwell Banker Realty
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