TWO MULTI-FAMILY BUILDINGS SOLD AS A PACKAGE FOR $1,475,000. (See listing for 83 Tilden Avenue: MLS #1335221) Introducing an incredible opportunity to acquire 79 AND 83 Tilden Avenue, two adjacent multi-family properties offering (6) TOTAL UNITS plus two additional lots giving ample off-street parking to all tenants. 83 Tilden Avenue is comprised of (2) two-bedroom / one-bath side-by-side units each with a private deck and separate utilities. 79 Tilden Avenue consists of (4) one-bedroom / one-bath apartments each with separate gas and electricity, pine floors throughout, and shared laundry in the basement. The property boasts a convenient location in the Kerry Hill neighborhood, close to essential amenities, the Newport Bridge, downtown historic Newport, and transportation options. With local rental demand remaining strong, this fully-occupied property provides a steady cash flow for investors seeking long-term returns in the Newport real estate market. This property is not in the Historic District. *Please Note: Four separate lots are being sold as one package (plat 18: lots 141, 014, 148, 027). Figures for lot size, assessment and property taxes represent all four lots.
Sold for $1,315,000 on 09/28/23
$1,315,000
79 Tilden Ave, Newport, RI 02840
4beds
2,860sqft
Multi Family
Built in 1880
-- sqft lot
$-- Zestimate®
$460/sqft
$2,274 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 28, 2023 at 02:50pm
Listed by:
Kate Rooney 401-636-7894,
Gustave White Sotheby's Realty
Bought with:
Gordon King, RES.0040040
Hogan Associates Christie's
Source: StateWide MLS RI,MLS#: 1335207
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Bathroom
- Features: Bath w Shower Stall
Heating
- Natural Gas, Baseboard, Forced Water, Gas Connected
Cooling
- None
Appliances
- Included: Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Laundry: Common Area, In Building
Features
- Wall (Plaster), Plumbing (Mixed)
- Flooring: Hardwood
- Basement: Full,Bulkhead,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,951
- Total interior livable area: 2,860 sqft
Property
Parking
- Total spaces: 4
- Parking features: No Garage
Features
- Stories: 3
- Patio & porch: Deck
Lot
- Size: 9,330 sqft
- Features: Extra Lot
Details
- Parcel number: NEWPM018B0027
- Zoning: R10
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Plaster, Clapboard, Shingles, Wood
- Foundation: Mixed
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: In Fee, Public Sewer
- Water: In Fee, Municipal
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Newport
- Subdivision: Kerry Hill
HOA & financial
Other financial information
- Total actual rent: 6200