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Coldwell Banker Realty
27 Dean Avenue, Newport, RI 02840
- $1,350,000
- 6
- BD
- 3
- BA
- Sold Price
- $1,350,000
- List Price
- $1,499,000
- Status
- CLOSED
- MLS#
- 1402726
- Closing Date
- Mar 03, 2026
- Year Built
- 1900
- Style
- Stacked
- Bedrooms
- 6
- Bathrooms
- 3
- Acres
- 0.11
- Subdivision
- Yachting Village
Property Description
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.
Additional Information
- Taxes
- $8,119
- Lot Size
- 4,792
- Interior Features
- Interior Steps, Tub Shower
- Flooring
- Laminate, Vinyl, Wood, Carpet
- Heating
- Baseboard, Hot Water, Oil
- Cooling System Type
- None
- Sewer
- Connected
- Water Source
- Connected, Multiple Meters
- Appliances
- Dryer, Dishwasher, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Washer
- Basement
- Exterior Entry, Full, Interior Entry, Unfinished
- Exterior Features
- Porch, Paved Driveway
- Garage Spaces
- 3
- Parking Spaces
- 6
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Listing courtesy of Hogan Associates Christie's. Contact: 401-855-0485
Selling Office: Lila Delman Compass.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2026 State-Wide Multiple Listing Service. All rights reserved. Data Last Updated: