The Heart of the Fifth Ward (Off Market)

For Sale, USD 3,495,000


3-7 Carroll Avenue,

Property Type : Multi-Family Home

Property Style : New England

Build Size : 6,269 ft² / 582 m²

Land Size : 11,761 ft² / 1,093 m² Convert Land Size

Bedroom : 6

Bathroom : 4

Half Bathroom : 2

MLS#: 1379788


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.
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The Heart of the Fifth Ward, United States,Rhode Island,Newport is a 6,269ft² Newport luxury Multi-Family Home listed for sale USD 3,495,000. This high end Newport Multi-Family Home is comprised of 6 bedrooms and 4 baths. Find more luxury properties in Newport or search for luxury properties for sale in Newport.