5 Elliot Place

Newport, RI 02840

$1,475,000
Price
8
Beds
3
Baths
3,358 Sq. Ft.
$439 / Sq. Ft.
3,358
Sq. Ft.
$439
per Sq. Ft.

Description

Nestled just off vibrant Broadway, this well-maintained 3-family home is a great opportunity in a sought-after location. The property offers two spacious 3-bedroom apartments and a beautifully updated 2-bedroom unit, all featuring modern upgrades. This home has also undergone major renovations including a newer roof, siding, windows, electrical, plumbing, and heating systems. Additional highlights include five off-street parking spaces, new EV charger, a two-car garage, and a charming deck and garden...Nestled just off vibrant Broadway, this well-maintained 3-family home is a great opportunity in a sought-after location. The property offers two spacious 3-bedroom apartments and a beautifully updated 2-bedroom unit, all featuring modern upgrades. This home has also undergone major renovations including a newer roof, siding, windows, electrical, plumbing, and heating systems. Additional highlights include five off-street parking spaces, new EV charger, a two-car garage, and a charming deck and garden area. Boasting a strong rental history, close proximity to Broadway's restaurants and shops, convenient highway access, and it's location near the U. S. Naval War College, this turnkey property is an ideal choice for both investors and owner-occupants.
  1. Listed by Alex Nunes • Brokerage DRE #REB.0013763 • Edge Realty RI
    P: (401)-316-5083 alexnunes@edgerealtyri.com

Property Details for 5 Elliot Place

Subdivision Name
Broadway
Furnished
Furnished
LISTING UPDATED: 12/05/2024 12:32 AM

Property Details for 5 Elliot Place

StatusActive
MLS #1373599
Days on Market10
Taxes$6,973 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1870
Lot Size0.12 AC / 5,420 SF
CountyNewport County

Building Information for 5 Elliot Place

Stories3Residences3Year Built1870Building Size-Lot Size0.12 AC / 5,420 SF

Property Information for 5 Elliot Place

Summary
Location and General Information
  • City: Newport
  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Courts
  • Postal City: Newport
  • Postal Code: 02840
  • State Or Province: RI
  • Zoning: R10
  • Human Modified Y N: No
Parking
  • Attached Garage Y N: No
  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage Y N: Yes
  • Parking Features: Detached, Garage
  • Parking Total: 7
Taxes and HOA Information
  • Tax Annual Amount: $6,973.00
  • Tax Assessed Value: 848300
  • Tax Lot: 130
  • Tax Map Number: 06
  • Tax Year: 2024
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 3358.0
  • Building Area Total: 3358.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.1244
  • Lot Size Area: 5420.0
  • Lot Size Square Feet: 5420.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 5ELLIOTTPLNEWP
  • Stories Total: 3
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1870
  • C L I P: 7,506,718,526
Utilities
  • Electric: Amps200Or More
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Paved Driveway
  • Foundation Details: Stone
Interior Features
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 8
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Fireplace Features: Masonry
  • Fireplaces Total: 1
  • Fireplace Y N: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Heating: Gas, Hot Water, Oil
  • Heating Y N: Yes
  • Interior Features: Attic, Tub Shower, Furnished
  • Laundry Features: Common Area, In Unit
  • Rooms Total: 21
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $2,525.00
  • Unit Type Area: 921.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $2,750.00
  • Unit Type Area: 1244.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $3,400.00
  • Unit Type Area: 1285.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 5 Elliot Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5 Elliot Place

Taxable ValueLand$158,500Additions$392,600Total$551,100
Tax Record2023$5,467 ($456 / month)
Home Facts
Baths3Total Finished SqFt3,358 SqFtAbove Grade Finished SqFt3,358 SqFtStories3Lot Size5,419 SqFtStyleTriplexYear Built1870Year Renovated1987ZoningR10CountyNEWPORTAPNNEWP M:006 B:0130

Schools near 5 Elliot Place

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Pell Elementary School
PublicPK to 4

Frank E. Thompson Middle School
Public5 to 8

Rogers High School
Public9 to 12

Newport Area Career Tech Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5 Elliot Place is a multi-family home for sale in Newport, RI 02840. This property was listed for sale on November 24, 2024 by Edge Realty RI, it's currently listed at $1,475,000. It has been on the market for a total of 10 days and was last sold on March 25, 2022. This listing's school district is Newport School District. Nearby schools include Pell Elementary School, Frank E. Thompson Middle School and Rogers High School. 5 Elliot Place is a 8-bed, 3-bath, 3,358 sqft multi-family home built in 1870.

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Listing Courtesy of Edge Realty RI

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.