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$1,700,000
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Property Description
Welcome to 11 Merton Road, a rare investment opportunity located in the historic heart of Newport. This legal Airbnb-approved short-term rental property features two fully registered units, offering a chance for investors or buyers seeking a second home with substantial income potential. Ideally situated to capitalize on Newport's thriving tourism market, this property provides both versatility and undeniable charm. The residence is divided into two distinct 2-bedroom, 1-bath units. The upper-level unit boasts a spacious, open layout with central air conditioning, plus access to a generous private deck perfect for relaxation or entertaining. The first-floor unit offers modern upgrades and cozy living spaces. Both units benefit from updated heating and cooling systems for year-round comfort, along with new composite siding for a low-maintenance exterior. Additional highlights include off-street parking and a private outdoor space for residents to enjoy. The property's unbeatable location is just steps from the Tennis Hall of Fame, the elegant shops and dining along Bellevue Avenue, and a short stroll to the stunning Cliff Walk, beaches, and the Newport waterfront. With its prime location, the property is poised to attract consistent rental demand. Don't miss this exceptional chance to own a versatile, income-generating property that combines steady revenue.
Full Property Details
Full Property Details for 11 Merton Rd
General
- Sold For: $1,700,000
- HOA FEE: $8/month
- Taxes: $5,581 (2024)
- Status: Closed
- Type: Apartment
- Source: STWMLS
- MLS ID: 1384067
- Added to Site: 333 day(s) ago
Interior
- Number of Rooms: 9
- Interior Features: Furnished
- Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
- Furnished: Yes
- Furnishings: Furnished
- Flooring: Ceramic Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Common Area
Additional Information
- Tennis: Yes
Parking
- Total Spaces: 1
- Parking Features: No Garage
Location
- County: Newport
- Subdivision: Memorial Blvd
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Central, Gas, Hot Water
Utilities
- Sewer: Connected, Public Sewer
- Water: Connected, Public
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Structure Type: Apartment
- Detached/Attached: Detached
- Construction: Clapboard
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Stories/Levels: 2
- Building Size: 1628
- Finished Total: 1,628 Sq. Ft.
- Finished Above Grnd: 1,628 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.0471
- Lot Size (Sq. Ft.): 2,051
- Lot Size: 2051
Water Features
- Water Front Desc.: Walk to Water
Financial Considerations
- Association Fee: $8
- Assoc Fee Freq.: Monthly
- Operating Expenses: $14,000
- Tax Amount: $5,581.24
- Tax Year: 2024
Disclosures and Reports
- Property ID: 11MERTONRDNEWP
- Lot Number: 109
Listed by Hogan Associates Christie's
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Schools
Schools serving 11 Merton Rd
School District:Newport School District, Newport, RI
| Name | Grades | Distance |
|---|---|---|
Frank E. Thompson Middle School 55 Broadway, Newport, RI 02840 | 5-8 | 0.7 mi |
Pell Elementary School 35 Dexter Street, Newport, RI 02840 | PK-4 | 1.8 mi |
Rogers High School 15 Wickham Road, Newport, RI 02840 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 11 Merton Rd
Date
Details
Price
Change
Source
5/20/2025
Sold
$1,700,000
6.25%
MLS
5/03/2025
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
11 Merton Road, Newport, RI 02840 (MLS# 1384067) is a Apartment property that was sold at $1,700,000 on May 20, 2025. Want to learn more about 11 Merton Road? Do you have questions about finding other Apartment real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.


