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105 Memorial Boulevard W

Newport, RI 02840
  • $2,195,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 1334559
UPDATED: 37 min ago
$2,195,000
  • 2
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 2,466
    SQFT
  • $890
    $/SQFT
Type:
Multi-Family
Built:
1895
County:
Area:

School Ratings & Info

Description

Presenting 105 Memorial Boulevard West. This 1870 Second-Empire Victorian presents a rare opportunity to own a 3-family residence located directly in the heart of Downtown Newport and in the General Business Zone. Perfectly situated at the intersection of Memorial Boulevard, America's Cup, and Thames St. this location offers the ultimate in convenience and accessibility. The home sits directly across from the iconic St. Mary's church, where JFK and Jacqueline Bouvier exchanged vows. All 3 units are registered with the city for legal participation in short-term rentals, making this an incredible investment opportunity. The building is completely turnkey and will convey fully furnished, allowing you to start generating income immediately. Its prime location ensures a constant flow of visitors and tourists eager to experience all that Newport has to offer. Off-street parking is an added benefit. This property showcases a harmonious blend of timeless character and modern updates including: full bathroom renovations in two units, Mitsubishi mini-splits for efficient climate control, a Navien on-demand heating and hot water system, new siding and paint, and refinished hardwood floors. The care and attention to detail are evident in every corner of this property. Capitalize on the city's thriving rental market, and indulge in the coastal lifestyle that Newport offers. Rental history and financials are available upon request for qualified parties.

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[Rhode Island Statewide MLS] logo

© 2023 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Remax Preferred - The Mercurio Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Remax Preferred - The Mercurio Group. 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. Data last updated: 2023-06-01T08:37:37.707.
www.mercuriogroup.com/homes/139110424
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105 Memorial Boulevard W Newport, RI 02840

  • Price: $2,195,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 37 min ago
  • MLS #: 1334559
2
Beds
3
Baths
1
½ Baths
0.06
Acres
2,466
SQFT
$890
$/SQFT
1895
Built
County:
Newport
Area:
Newport
Property Description
Presenting 105 Memorial Boulevard West. This 1870 Second-Empire Victorian presents a rare opportunity to own a 3-family residence located directly in the heart of Downtown Newport and in the General Business Zone. Perfectly situated at the intersection of Memorial Boulevard, America's Cup, and Thames St. this location offers the ultimate in convenience and accessibility. The home sits directly across from the iconic St. Mary's church, where JFK and Jacqueline Bouvier exchanged vows. All 3 units are registered with the city for legal participation in short-term rentals, making this an incredible investment opportunity. The building is completely turnkey and will convey fully furnished, allowing you to start generating income immediately. Its prime location ensures a constant flow of visitors and tourists eager to experience all that Newport has to offer. Off-street parking is an added benefit. This property showcases a harmonious blend of timeless character and modern updates including: full bathroom renovations in two units, Mitsubishi mini-splits for efficient climate control, a Navien on-demand heating and hot water system, new siding and paint, and refinished hardwood floors. The care and attention to detail are evident in every corner of this property. Capitalize on the city's thriving rental market, and indulge in the coastal lifestyle that Newport offers. Rental history and financials are available upon request for qualified parties.
Exterior Features

Construction Materials Clapboard Covered Spaces 0 Exterior Features Deck Garage YN No Parking Features No Garage Parking Total 5 Patio And Porch Features Deck

Interior Features

Basement FullUnfinished Basement YN Yes Cooling DuctlessWindow Unit(S)Wall Unit(S) Fireplace YN No Fireplaces Total 0 Flooring Hardwood Heating Forced AirGas

Property Features

Electric Circuit Breakers Land Lease YN No Operating Expense 55278 Owner Pays Hot Water Property Sub Type Multi Family Senior Community YN No Sewer Connected Tax Annual Amount 12636 Tax Assessed Value 876900 Tax Lot 197 Tax Year 2023 Utilities Sewer Connected Water Source Connected Zoning Gb

[Rhode Island Statewide MLS] logo Listing information © 2023 State-Wide Multiple Listing Service.
Listing provided courtesy of Re/Max Profnl. Newport, Inc.: [IDXCONTACTINFORMATION].



[Rhode Island Statewide MLS] logo

© 2023 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Remax Preferred - The Mercurio Group are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Remax Preferred - The Mercurio Group. 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. Data last updated: 2023-06-01T08:37:37.707.
 
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Remax Preferred - The Mercurio Group
641 Armistice Blvd.
Pawtucket RI, 02861