Newport, RI 02840,11 Merton RD
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Newport, RI 02840,11 Merton RD
Newport, RI 02840,11 Merton RD
Newport, RI 02840,11 Merton RD
Newport, RI 02840,11 Merton RD

$1,700,000

Est. payment /mo

$1,600,000

6.3%
Est.Price: ?

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

SOLD DATE : 05/20/2025

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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Listed by Hogan Associates Christie's
Bought with Coldwell Banker Realty
agent

Joe Fazio

Team Manager | Broker | License ID: REB.0019090

+1(401) 345-2466

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