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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

    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.

    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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    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

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