Large Downtown Newport 8 bedroom 5 full bath multi-family currently on the seasonal rental cycle with projected rents of $75K- $80K annually! Situated in an ideal downtown location providing investors the flexibility to capitalize on season rentals or yearly! A one minute walk to Thames or Washington Square but just north of the downtown traffic. An easy commute to the Newport Bridge or Navy Base. The property provides 6 off street parking spots, 2 brand new modern kitchens, spacious bedrooms, separately metered utilities, brand new gas heating system, large front porch, and new stone patio and landscaping! Built in 1810 this classic mansard roofed 2 family is full of period details that reflect it's historic character but sits just outside the historic zone and not in a flood zone reducing annual costs. The first floor unit has 3 large bedrooms and one bath with private entrance. The second and third floor unit has 5 bedrooms, 4 full baths, private entrance, 2 living rooms and bar with stove top on the third floor makes this layout ideal for roommates! Rental rates below reflect this winter's leases only September 2017-May 2018.
Off market
$1,959,700
43 Farewell St, Newport, RI 02840
8beds
3,382sqft
MultiFamily
Built in 1810
-- sqft lot
$1,959,700 Zestimate®
$579/sqft
$3,713 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced air, Gas
Cooling
- None
Appliances
- Included: Dryer, Refrigerator, Washer
- Laundry: In Building
Features
- Flooring: Hardwood, Laminate, Linoleum / Vinyl
- Has fireplace: Yes
Interior area
- Total interior livable area: 3,382 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off-street
Features
- Exterior features: Wood
- Has view: Yes
- View description: City
Lot
- Size: 3,972 sqft
Details
- Parcel number: NEWPM017B0036
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Asphalt
Condition
- Year built: 1810
Utilities & green energy
- Electric: 200 Amps
- Sewer: Municipal
Community & neighborhood
Location
- Region: Newport
Other
Other facts
- FinishedFloor: Hardwood, Ceramic
- BasementFinish: Unfinished
- HeatingFuel: Gas
- HeatPaidBy: Tenant, Owner
- BasementType: Full
- HotWater: Gas
- Near: Bus, Hospital, Private School, Public School, Shopping, Swimming, Tennis, Schools, Recreational Facilities
- FoundationType: Stone, Brick
- BasementAccess: Interior Only
- Electric: 200 Amps
- Plumbing: Copper, PVC, Other
- Laundry: In Building
- Type: Up/Down
- PropertyType: 2-4 Units Multi Family
- Exterior: Clapboard, Wood
- SubsidizedHousing: 1
- Wall: Plaster
- UnderConstruction: 1
- HeatingSystem: Steam
- Insulation: Walls, Ceiling
- WaterSupply: Municipal
- Sewer: Municipal
- TimeShareYN: 0
- ApxHeatCost: 2101-2400
Services availability

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$1,959,700
2% more+ $39,194
With Zillow Showcase(estimated)
$1,998,894