3-7 Carroll Avenue, Newport, Rhode Island

The Heart of the Fifth Ward

3-7 Carroll Avenue, Newport, RI

  • CA$4,409,642
  • 6 BEDS
  • 4+2 BATHS
  • 0.27 ac Land

The Heart of the Fifth Ward

3-7 Carroll Avenue, Newport, RI

  • CA$4,409,642
  • 6 BEDS
  • 4+2 BATHS
  • 0.27 ac Land

Key Facts

  • MLS® #: 1379788
  • Property ID: SIRC2343457
  • Original Price: USD 3,495,000
  • Property Type: Residential, Other
  • Lot Size: 0.27 ac
  • Year Built: 1905
  • Bedrooms: 6
  • Bathrooms: 4+2
  • Parking Spaces: 18

Property Description

In perfect time to capitalize on the high season, 3 & 7 Carroll Avenue offer a rare opportunity for buyers looking to enter into a Newport exclusive mixed-use opportunity. Situated in the heart of the vibrant Fifth Ward neighborhood, this property offers a great location close to Ocean Drive and beaches. Whether you choose to live on-site and operate a high-end café or restaurant on the lower level, or capitalize on short-term rentals with the multi-family set-up, this is an investment poised for long-term success. Two residential units enjoy wonderful natural lighting throughout the day and into the evening, with warm sunsets casting over the back deck. Many upgrades have been made, including a full renovation of the third-floor unit, replacement windows, new flooring, and new exterior siding on the main building in 2024. This property has a lot to offer and is truly a must-see to understand the opportunity.

Amenities

  • Boating
  • Breakfast Bar
  • Catering Kitchen
  • Ocean / Beach
  • Resort
  • Vaulted Ceilings

Listing Agents

  • Rhys Huntley

    C. 401.862.1988

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Location

3-7 Carroll Avenue, Newport, Rhode Island, 02840 United States

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Marketed By

Gustave White Sotheby's International Realty
37 Bellevue Avenue
Newport, Rhode Island, 02840
United States

4018493000

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