2 3rd St

Newport RI 02840

2730 sq. ft.

30492 sq. ft.

Multi-Family

Last sold for $1,706,000

Barbara O Reilly, last sold this property on 27 September 2021 after -2 days on market.

Overview

Rare find in one of Middletown's most sought after neighborhoods: Private compound comprises two lots that are being sold together.( MLS 1286786 and 1286789) Property includes 1, 1A, 2, 3 and 4 Indian Terrace. The 4 absolutely charming cottages are one bedroom cottages with open living areas, cathedral ceiling, washer dryer and separately metered utilities. The largest cottage has two full baths. The 4 cottages all have electric heat, 3 have a wood burning stove, 2 have ductless air conditioning, one has central air. Each cottage has a different layout and its own charm with either a patio or deck and there is enough open space between them to give the tenants privacy. Cottage 1A, with its stunning interior, has central air, a partial basement and a large fully fenced yard. Cottage 4 has a very private yard that is semi fenced. The main house has 2 full baths, two levels of living, oil heat, 2 fireplaces, each with an insert, a very cozy loft and a fenced yard. The cathedral ceiling and the second floor deck give this home an airy feeling. The hardwood floors and wood paneled ceiling give it warmth. 1 and 1A are situated on lot 37 and 2, 3 and 4 are on lot 38. This property is only a few steps from Pebble Beach and a short bike ride to Middletown beaches. These homes have been consistently rented year round over the last 20 years. Rents under market value. Commercial financing may be required.

Features

3 bedrooms

4 bathrooms

2730 sq. ft. floor area

30492 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 3 bedroom multi families sold in Newport over the last 12 months.

Property history for 2 3rd St

2021

Sold

$1,706,000

27 Sep 2021 by Barbara O Reilly, of Hogan Associates

2019

Sold

$620,000

10 Sep 2019 by Lisanne Morrison, of Coldwell Banker Realty

2019

Sold

$620,000

10 Sep 2019

Happy sellers in Newport

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