Fantastic opportunity located in the heart of Newport. This three unit home is conveniently located to downtown, beaches, restaurants, shops, and more. The structure has been extremely well-kept and offers historic details. The property features a very large yard with ample parking, beautiful gardens, and a historic garage/workshop outbuilding. Several potential uses include a good investment property or owner-occupied dwelling with supplemental income.
Sold for $1,500,000
$1,500,000
7 Hope St, Newport, RI 02840
5beds
3,775sqft
Multi Family
Built in 1907
-- sqft lot
$1,818,200 Zestimate®
$397/sqft
$5,542 Estimated rent
Home value
$1,818,200
$1.64M - $2.05M
$5,542/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: September 01, 2023 at 10:31am
Listed by:
David Huberman,
Gustave White Sotheby's Realty,
Paul Leys 401-849-3000,
Gustave White Sotheby's Realty
Bought with:
The Hadfield Group
Hogan Associates Christie's
Source: StateWide MLS RI,MLS#: 1335417
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Shower Stall, Bath w Tub & Shower
Heating
- Natural Gas, Baseboard, Forced Water
Cooling
- Individual Unit
Appliances
- Included: Gas Water Heater, Dishwasher, Dryer, Exhaust Fan, Microwave, Oven/Range, Refrigerator, Washer
- Laundry: In Building
Features
- Wall (Cermaic), Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Stairs, Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC), Insulation (Unknown)
- Flooring: Ceramic Tile, Hardwood, Carpet
- Basement: Full,Interior and Exterior,Unfinished
- Number of fireplaces: 2
- Fireplace features: Brick, Free Standing
Interior area
- Total structure area: 3,775
- Total interior livable area: 3,775 sqft
Property
Parking
- Total spaces: 7
- Parking features: Detached
- Garage spaces: 2
Features
- Stories: 3
- Waterfront features: Walk to Fresh Water, Walk to Salt Water, Walk To Water
Lot
- Size: 0.33 Acres
Details
- Additional structures: Outbuilding
- Parcel number: NEWPM011B0162
- Zoning: R-10
- Special conditions: Conventional/Market Value
- Other equipment: Cable TV, Wood Stove
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Ceramic, Dry Wall, Paneled, Plaster, Clapboard, Shingles, Wood
- Foundation: Concrete Perimeter, Stone
Condition
- New construction: No
- Year built: 1907
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Municipal
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Newport
- Subdivision: Kay/Catherine
HOA & financial
HOA
- Has HOA: No
Other financial information
- Total actual rent: 900
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2023 | Sold | $1,500,000-13.5%$397/sqft |
Source:  StateWide MLS RI #1335417 Report a problem | ||
| 7/14/2023 | Pending sale | $1,735,000$460/sqft |
Source: StateWide MLS RI #1335417 Report a problem | ||
| 6/26/2023 | Contingent | $1,735,000$460/sqft |
Source: StateWide MLS RI #1335417 Report a problem | ||
| 5/12/2023 | Listed for sale | $1,735,000$460/sqft |
Source: StateWide MLS RI #1335417 Report a problem | ||
| 2/6/2013 | Listing removed | $850 |
Source: Prudential Prime Properties Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,147 -12.7% | $1,274,000 |
| 2024 | $10,472 +45.1% | $1,274,000 +69.6% |
| 2023 | $7,219 | $751,200 |
Find assessor info on the county website
Neighborhood: Kay/Catherine
Nearby schools
GreatSchools rating
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 0.4 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 2 mi
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 1 mi
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Estimated market value
$1,818,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,818,200