23 days on rocket

5 Elliott Pl, Newport, RI, 02840

$1,475,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
3 Full Baths
Multi

Location

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5 Elliott Pl, Newport$1,475,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached, Garage
Year Built1870
HeatingNatural Gas, Hot Water, Oil
CoolingWindow Unit(s)
BasementYes
FireplaceMasonry
MLS #1373599
Lot Size0.12 Acres
StatusActive

About 5 Elliott Pl

Nestled just off vibrant Broadway, this well-maintained 3-family home is a great opportunity in a sought-after location. The property offers two spacious 3-bedroom apartments and a beautifully updated 2-bedroom unit, all featuring modern upgrades. This home has also undergone major renovations including a newer roof, siding, windows, electrical, plumbing, and heating systems. Additional highlights include five off-street parking spaces, new EV charger, a two-car garage, and a charming deck and garden area. Boasting a strong rental history, close proximity to Broadway's restaurants and shops, convenient highway access, and it's location near the U.S. Naval War College, this turnkey property is an ideal choice for both investors and owner-occupants.

Property Details

Property Features

Property Information:

  • Year Built: 1870

Listing Office:

  • Office Name: Edge Realty RI
  • Office Phone: (401) 783-1007

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior: Attic, Tub Shower, Furnished
  • Fireplace: Masonry

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Paved Driveway

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water, Oil
  • Cooling: Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,475,000
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Housing Market Comparison

See how this home compares to others in Newport, RI.

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Newport, RI

City

Med. Sold Price

$898K

Med. Price/SqFt

$592

Avg. Days On Market

33

# of Sold Homes

16

5 Elliott Pl vs Newport

23 DAYS ON ROCKET

-10 Days

$1,475,000

+$577K More

KEY TAKEAWAY

This property is $577K more than the Median Sold Price in Newport, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1373599

Listing Office:

  • Office Name: Edge Realty RI
  • Office Phone: (401) 783-1007

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 9:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$7,429

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,489

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4471735
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 0.37 miles

  • Public District Grades PK-4

school-card-donut-4471736
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 1.62 miles

  • Public District Grades 4-4

school-card-donut-4471737
7
/10

  • Melrose Avenue School

  • 76 Melrose Ave

  • 4.01 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $70,253. Most Newport, RI residents have annual incomes between $35k-100k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Newport, RI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Newport, RI.

Newport's housing market is characterized by a blend of historic charm and modern luxury, with a significant presence of colonial and Victorian-style homes that reflect the city's rich history. The housing landscape is diverse, offering a mix of single-family homes, apartments, and townhouses. While the majority of homes are owner-occupied, there is also a substantial rental market catering to the city's seasonal population and year-round residents alike.

What is it like to live in Newport, RI?

Newport is celebrated for its vibrant history and maritime culture, with the community taking pride in its well-preserved architecture and famous seaside attractions. The city's character is further enriched by annual events such as the Newport Jazz Festival and the Newport International Boat Show, which draw visitors from around the world and contribute to the area's lively atmosphere.

Is it easy to get around Newport, RI without a car?

The community benefits from a robust educational system, with a number of public and private schools providing a range of educational opportunities. Healthcare services are comprehensive, with local hospitals and clinics offering a variety of medical care options. Newport's public library system serves as a valuable resource for residents, and the city's array of shops and restaurants reflects the local culture, with an emphasis on seafood and coastal cuisine.

Transportation in Newport, RI.

Newport's transportation infrastructure supports both private and public transit options, with a network of roads and bridges connecting the city to the rest of Rhode Island and beyond. Public transportation services are available, providing connections to key areas within the city and to neighboring communities. The city is also bike-friendly, with several designated paths and lanes. For those without a vehicle, ride-sharing services are a popular choice for getting around.

Rocket Homes›Rhode Island›Newport County›Newport›02840›5 Elliott Pl

This home is located at 5 Elliott Pl in Newport, RI and zip code 02840. This home, which was built in 1870, sits on a 0.12 acre lot. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 24, 2024 and is currently priced at $1,475,000.

Over 6 listings were sold over their listed price in November 2024 in Newport, RI. In the same period over 6 listings were sold below the listed price and 4 listings were sold for the listed price. The inventory of homes for sale in Newport, RI between October 2024 and November 2024 decreased by 4.3%. Listings spent 33 days on the market in November 2024, and had a median list price of $898,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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