20 Middleton Ave

Newport, RI
$ 1,300,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

Here is a very unique investment opportunity in an exceptional location and well cared for by the current owners of over 22 years! Here is your chance to own a legal 5 unit multifamily home off Memorial Blvd West near Cliff Walk, Easton Beach, Tennis Hall of Fame, Ocean Drive, and downtown all in walking distance and completely occupied. There is immediate potential to expand the off street parking into the back yard huge bonus to this already desirable property. All five units are in good cosmetic condition consisting of a main level 3 bedroom apartment with 4 additional one bedroom apartments on the second and third floors. The hallways leading to the units are nicely maintained. The roof was replaced in June 2002 and most of the windows have been replaced with Harvey windows in June 2006. The exterior could use a repaint (in the works!) vinyl siding if a buyer prefers but so worth the investment potential here. The rents are well below market and great seasonal potential!

Commercial

  • Price
  • $ 1,300,000
  • Lot Size
  • 5,663 SqFt
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Year Built
  • 1900
  • Half Bathrooms
  • 0
  • City, Zip
  • Newport
  • Taxes
  • $ 8425
  • County
  • NEWPORT
  • Style
  • Commercial
  • Area
  • MLS#
  • 72835224
  • Zip
  • 02840
Listing Provided by: Kyle Costa with Bayshore's Capital and Real Estate, Inc..
Data Source: MLSPIN

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Riverside, RI office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/20/2021 Listed $1,300,000

Property vs Zip Code Average in 02840

Price
AVG $1.9M
$1.3M
Taxes
AVG $12,792
$8,425
Visits
AVG 11
6
Year Built
AVG 1881
1900

Map

Areas That We Cover

20 Middleton Ave Newport, RI is a Single Family Home for sale at $1300000 and a lot size of 5,663 SqFt Acre(s). 20 Middleton Ave Newport has 0 bedrooms, 0 baths and was built in 1900. The property's zip code is 02840 which is in Newport, RI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.