105 Memorial Boulevard W

Active
  • $$2,195,000
    • Sq Ft: 2,466

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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Price:$$2,195,000
Address:105 Memorial Boulevard W
City:Newport
State:Rhode Island
Zip Code:02840
MLS:1334538
Year Built:1895
Square Feet:2,466
aboveGradeFinishedArea:2466
basement:Full
basementYN:yes
businessType:Mixed, Professional/Office
city:Newport
communityFeatures:Near Hospital, Public Transportation
constructionMaterials:Frame
cooling:Ductless, Window Unit(s), Wall Unit(s)
coolingYN:yes
electric:Circuit Breakers
heating:Baseboard, Hot Water, Other
heatingYN:yes
landLeaseYN:no
laundryFeatures:Common Area
levels:Three Or More
lotFeatures:Historic District
lotSizeArea:2614
lotSizeSquareFeet:2614
lotSizeUnits:Square Feet
newConstructionYN:no
numberOfBuildings:1
numberOfUnitsInCommunity:3
numberOfUnitsTotal:3
parkingTotal:5
permission:IDX
possession:Rental Agreement
possibleUse:Office, Multi-Family, Mixed Use, Residential
roadFrontageType:City Street
sewer:Connected
stories:3
storiesTotal:3
structureType:Multi Family
taxAnnualAmount:12636
taxAssessedValue:876900
taxLot:197
taxYear:2023
utilities:Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected
waterSource:Connected, Public
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