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$1,499,000

  • For Sale
  • Active
  • Apartment
  • 6 Beds
  • 3 Full Baths
  • 0.11 Acres
  • 3 Car Garage
  • Updated 7 days ago
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Prime Downtown Newport Investment Opportunity in the charming Yachting Village! Just steps from the waterfront, restaurants, boutiques, and historic mansion tours, this exceptional three-family property offers immediate income and outstanding future potential. The well-maintained building features three updated units, each offering 2 bedrooms and 1 bath, all currently leased with a history of annual rental performance. A rare three-car garage and off-street parking (two spaces per unit) add tremendous value in this highly walkable, in-demand location. The property is well maintained with easy-care siding, young roof, asphalt driveway, a welcoming covered front porch, spacious entry, separate electric meters, common coin-op laundry, and a shared yard with an outdoor garden area. For investors and owner-occupants alike, the upside is compelling. Explore options to transition to seasonal rentals, or pursue future value-add opportunities such as condominium conversion, creating a spacious owner's townhouse by combining upper floors, dormer the third floor for distant water views, convert the garage to an ADU, or seek a variance to operate a guest rental in one unit. Dean Avenue, a street experiencing revitalization with elevated renovations, this property benefits from rising neighborhood values in one of Newport's most sought-after downtown locations. A rare opportunity to own a versatile, income-producing asset in the very heart of Newport.

Full Property Details for 27 Dean Ave

General

  • Price: $1,499,000
  • Taxes: $8,119 (2025)
  • Status: Active
  • Type: Apartment
  • Source: STWMLS
  • MLS ID: 1402726
  • Updated: 1/8/2026
  • Added to Site: 8 day(s) ago

Interior

  • Number of Rooms: 12
  • Interior Features: Interior Steps, Tub Shower
  • Appliances: Dryer, Dishwasher, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Washer
  • Flooring: Laminate, Vinyl, Wood, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Common Area

Additional Information

  • Tennis: Yes

Exterior

  • Exterior Features: Porch, Paved Driveway
  • Porch/Patio/Deck: Porch

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Covered Spaces: 3
  • Total Spaces: 6
  • Parking Features: Detached, Garage

Location

  • County: Newport
  • Subdivision: Yachting Village

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Hot Water, Oil

Utilities

  • Sewer: Connected
  • Water: Connected, Multiple Meters
  • Utility Description: Sewer Connected

Structural Information

  • # Buildings: 1
  • Architectural Style: Stacked
  • Structure Type: Apartment
  • Detached/Attached: Detached
  • Construction: Drywall, Plaster, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
  • Stories/Levels: 3
  • Building Size: 2613
  • Finished Total: 2,613 Sq. Ft.
  • Finished Above Grnd: 2,613 Sq. Ft.
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,792
  • Lot Size: 4792
  • Sidewalks: Yes

Water Features

  • Water Front Desc.: Walk to Water

Financial Considerations

  • Assoc Fee Freq.: Annually
  • Tax Amount: $8,119
  • Tax Year: 2025

Disclosures and Reports

  • Inclusions: Landlord pays water for the first floor unit (water/sewer) This includes the water for the common coin- op laundry Landlord pays heat for unit 2 and unit 3. OIl Heat. Landlord uses Property Mngt company (Castle Keep) for snow, lawn, and rent collection.
  • Property ID: 27DEANAVNEWP
  • Lot Number: 165

Listed by Hogan Associates Christie's

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Listing agent

— 27 Dean Ave —

  • Hogan Associates Christie's

401-855-0485

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 27 Dean Ave

School District:Newport School District, Newport, RI
NameGradesDistance
Frank E. Thompson Middle School
55 Broadway, Newport, RI 02840
5-81 mi
Pell Elementary School
35 Dexter Street, Newport, RI 02840
PK-42.1 mi
Rogers High School
15 Wickham Road, Newport, RI 02840
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 27 Dean Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/08/2026
Listed
$1,499,000
1080.31%
MLS
12/22/1992
Sold
$127,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 27 Dean Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,709
-13%
$934,400
—
2024
$7,681
27%
$934,400
54%
2023
$6,036
3%
$608,500
—
2022
$5,848
3%
$608,500
—
2021
$5,677
18%
$608,500
30%
2020
$4,818
—
$468,700
—
2019
$4,818
3%
$468,700
—
2018
$4,682
—
$468,700
12%
2017
$4,676
3%
$417,100
—
2016
$4,559
2%
$417,100
—
2015
$4,450
11%
$417,100
25%
2014
$4,021
3%
$333,400
—
2013
$3,904
—
$333,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Hogan Associates Christie's

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27 Dean Avenue, Newport, RI 02840 (MLS# 1402726) is a Apartment property with 6 bedrooms and 3 full bathrooms. 27 Dean Avenue is currently listed for $1,499,000 and was received on January 08, 2026. Want to learn more about 27 Dean Avenue? 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.

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