Homes for sale - 6 Gladding CT, Newport, RI 02840

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Reza Lashkari

reza@llhomesteam.com +1(949) 826-8100

$ 1,425,000

Est. payment | -/mo

4 Beds

4 Baths

2,290 SqFt

Save Virtual Tour

$ 1,425,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

2,290 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,290 sqft

Price per Sqft $622

Subdivision The Point, Point

MLS Listing ID 1380890

Bedrooms 4

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,290

Year Built 1880

Annual Tax Amount $8,638

Tax Year 2024

Contingent Inspection Period

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Multi Family

Property Description

Nestled in the charming historic Point neighborhood of Newport, this delightful multi-family property offers options for investment or comfortable year-round residence. Each unit is spacious and inviting, with 2 bedrooms, 2 baths, and open living, dining, kitchens and laundry. Enjoy private outdoor space with one unit boasting a patio area and the other a large deck, plus a shared yard, bike shed, and off-street parking. The first-floor unit impresses with its beautiful bamboo floors, a cozy cast iron fireplace, built-in bookshelves, a kitchen island with seating, and ample cabinet storage. The second unit spans two levels, each with a bedroom and bath, and a fantastic deck space with two entry doors that flood the area with light, and offers a perfect transition space for relaxation or entertaining. This well-maintained property features new AC/Heat mini splits, fresh interior paint, young roof and water heaters. The yard has lovely perennials and rose bushes. With an excellent rental history, this turnkey operation is ready for its next owner. The location is unbeatable! Just minutes' walk to the waterfront, where you can enjoy parks, sunsets, swimming. There's also a launch ramp for boats, dinghies, and kayaks. Nearby, you'll find pickleball and tennis courts, restaurants, shopping, beaches, and ferry service. Unit two is open starting July for a buyer to come and enjoy summer in Newport!

Location

State RI

County Newport

Community The Point, Point

Zoning R10

Rooms

Basement Interior Entry, Partial, Unfinished

Interior

Interior Features Skylights, Stall Shower, Tub Shower, Furnished

Heating Electric, Gas, Heat Pump

Cooling Ductless

Flooring Hardwood, Carpet

Fireplaces Number 1

Inclusions Seasonal rentals means summer months and fall/winter Furnished units. Income Reported is gross for 2024- 2 units GI $63, 700 Owner expense include costs of utilities in the summer months, yard care, pest , property mngt, and commissions. Winter tenants pay all utilities and wifi. Please note that unit 1 through May 2025 is Below market rate of $2600. Owner used in fall 2024 and winter 2025 was late to get rented.

Furnishings Furnished

Fireplace Yes

Window Features Skylight(s)

Appliance Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer

Laundry In Unit

Exterior

Exterior Feature Deck, Paved Driveway

Community Features Marina, Near Hospital, Near Schools, Restaurant, Shopping, Tennis Court(s)

Utilities Available Sewer Connected

Waterfront Description Walk to Water

Porch Deck

Total Parking Spaces 4

Garage No

Building

Foundation Block, Combination, Stone

Sewer Connected, Public Sewer

Water Connected, Public

Structure Type Drywall,Clapboard

New Construction No

Others

Senior Community No

Tax ID 6GLADDINGCTNEWP

Virtual Tour https://tour.RiLiving.com/6-Gladding-Court-Newport-RI-02840

Listed by Hogan Associates Christie's

+1(949) 826-8100

reza@llhomesteam.com

6 Gladding CT Newport, RI 02840