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75 Malbone Road, Newport, RI 02840

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For Sale

$889,000

4 beds • 2 baths • 3,018 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $294.57
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Welcome to this exceptional opportunity to own a highly desirable 2-family multi-unit property located in beautiful Newport, Rhode Island. This well-maintained gem is perfectly situated within walking distance of not only the Newport Navy base, but also Newport Hospital, making it an ideal investment opportunity. The location is also just minutes away from the vibrant downtown area, historic landmarks, world-class dining, not to mention breathtaking coastal views. The property offers two units, which both contain two bedrooms, one full bathroom and 972 square feet of space. Providing comfortable, versatile living space for new owners to enjoy. The upstairs unit features a lovely balcony area perfect to enjoy personalized outdoor space. Both units conveniently offer onsite laundry, a shared yard perfect for relaxing and additional storage space in the shared basement. The units offer convenient gas heat, keeping utility costs down for any future tenants. Currently both units are Month to Month. The current rental rates are below market value so there certainly is room for growth with the rental revenue. You will find this property has been very well cared for which you and your tenants will appreciate. Parking in Newport can certainly be a challenge, but not here. With space for up to four vehicles for your tenants. Don't miss out on this fantastic opportunity to own an investment property in Newport, RI.
MLS# 1352865

Courtesy Of Castle Keep Realty Corp.

(401) 846-0386

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch, Basement
  • Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Hardwood, Vinyl
  • Heating System
    Baseboard
  • Lot Size
    0.08 Acres
  • Roof Type
    Unknown
  • Rooms
    Basement, Bedroom, Full Bath

Map and Directions

Directions to 75 Malbone Road, Newport, RI 02840

Home seller CENTURY 21 Topsail Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Topsail Realty

(401) 683-4900
Learn More About Us

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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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