27 Dean Avenue

Newport RI 02840

2613 sq. ft.

4792 sq. ft.

Multi-Family

Last sold for $1,350,000

Holly McLear, last sold this property on 03 March 2026 after 53 days on market.

Overview

Prime Downtown Newport Investment Opportunity in the charming Yachting Village! Just steps from the waterfront, restaurants, boutiques, and historic mansion tours, this exceptional three-family property offers immediate income and outstanding future potential. The well-maintained building features three updated units, each offering 2 bedrooms and 1 bath, all currently leased with a history of annual rental performance. A rare three-car garage and off-street parking (two spaces per unit) add tremendous value in this highly walkable, in-demand location. The property is well maintained with easy-care siding, young roof, asphalt driveway, a welcoming covered front porch, spacious entry, separate electric meters, common coin-op laundry, and a shared yard with an outdoor garden area. For investors and owner-occupants alike, the upside is compelling. Explore options to transition to seasonal rentals, or pursue future value-add opportunities such as condominium conversion, creating a spacious owner's townhouse by combining upper floors, dormer the third floor for distant water views, convert the garage to an ADU, or seek a variance to operate a guest rental in one unit. Dean Avenue, a street experiencing revitalization with elevated renovations, this property benefits from rising neighborhood values in one of Newport's most sought-after downtown locations. A rare opportunity to own a versatile, income-producing asset in the very heart of Newport.

Features

6 bedrooms

3 bathrooms

6 carspaces

3 garage spaces

2613 sq. ft. floor area

4792 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 6 bedroom multi families sold in Newport over the last 12 months, the estimated median property value of 27 Dean Avenue is $1.38m.

Median value

$1.38m

Estimated value range

$910k - $1.8m

Median days on market

Estimated value trend

-21%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Newport. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 27 Dean Avenue

2026

Sold

$1,350,000

03 Mar 2026 by Holly McLear, of Hogan Associates

Happy sellers in Newport

We have insufficient information to provide an overview of customer satisfaction for Newport. Viewing the agent profiles, reviews and sales for Newport can provide insights for this location.