Located in Newport's high-demand Fifth Ward/Wellington neighborhood, this 1990-built Colonial is a prime investment just blocks from Newport Harbor, King Park, Thames Street, and award-winning restaurants. The home features 3 bedrooms, 1.5 baths, plus a bonus room on the main level currently used as a 4th bedroom or office boosting rental income and flexibility. It offers off-street parking, a private patio, small fenced yard, and a clean, dry full basement with laundry. Recent updates include a new roof, full interior and exterior paint, refreshed landscaping, and a brand-new water heater. Hardwood floors run throughout, and the kitchen and baths are clean and functional, with room for future updates reflected in the price. With a strong rental history, this property offers excellent returns and long-term upside in one of Newport's most walkable and investor-friendly locations. A rare opportunity to own a low-maintenance home with high income potential and unbeatable proximity to Ida Lewis Yacht Club, Gooseberry Beach, and Ocean Drive. Use as a high-performing rental, seasonal getaway, or future dream home the options are all here.Show Description MLS® Number1385548
Laundry Level
Central VacNo
FireplaceNo
Acreage0.06
ExteriorDeck, Patio
GarageNo
Approx. Age1987
BasementExterior Entry, Full, Interior Entry, Unfinished
DrivewayNo Garage
Garage Spaces
HeatForced Air, Gas
A/CNone
Heating Fuel
Tax & Assessment Info: The property is currently assessed at $682, 900 for the 2024 fiscal year. For primary residents, property taxes are estimated at approximately $4, 766 per year based on the resident mill rate of $6.975 per thousand. For non-residents, taxes are approximately $5, 617 per year based on the non-resident mill rate of $8.224 per thousand. Newport operates on a fiscal year beginning July 1st. Buyers intending to claim this property as their primary residence may also be eligible for the lower resident tax rate and the Newport residential exemption. Buyers are advised to perform their own due diligence with the Newport Tax Assessor’s Office regarding qualification requirements, application timelines, and available reductions. Flood insurance required.
