$2,095,000
Pending
63 Days Online
6 Beds6 Baths4,255 SQFT
Pending

37 Powel Avenue Newport, RI 02840

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Orignially built in 1892 as a guest house for the Naval War College and in 2022 this home underwent an extensive renovation top to bottom with quality materials and thoughtful design. Uniquely equipped to accommodate a variety of living arrangements, the property holds a legal guest-house license and has garnered 100% 5-star reviews providing an excellent opportunity for rental income. Can be purchased as a furnished/turnkey property. Six bedrooms and six bathrooms including a third-floor legal in-law unit that can be repurposed as a guest suite/office. The owners planned this reconstruction as a long term investment and while honoring the home's original aesthetics they introduced state-of-the art features; modern systems include advanced HVAC, new electrical & plumbing systems, Marvin windows, electric car charger, conduit for future solar, and a hotel grade fire suppression system. Gourmet kitchens, elegant bathrooms, bamboo flooring, custom carpentry, second floor laundry, and a fabulous tree house style sitting room. Historical charm radiates through detailed woodwork, antique stained glass windows, restored pocket door, gas fireplaces, and wraparound porch with a balcony. Built for enjoying outdoor living with a fenced backyard, hazelnut trees, and two outdoor showers. Detached 2-car garage has space for bikes and surfboards. Unparalleled flexibility and potential in Newport's vibrant community within walking distance to dining, shopping, and an easy coastal lifestyle.

  • Property TypeMulti-Family
  • NeighborhoodKay/Catherine
  • CountyNewport
  • Taxes$8,515
  • HOA/Condo/Coop Fees$0
  • Days on Site62 Days
  • MLS StatusPending
  • MLS ID Number1359296
  • Home Size Source Other
  • Year Built1900
  • Lot Size0.1542 Acres
  • Full Baths6
  • Partial BathsN/A

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General Features

  • Construction ClapboardWood Siding
  • Parking DetachedGarage
  • Parking Spaces 7
  • Sewer Public Sewer
  • Electric 200+ Amp ServiceCircuit Breakers
  • Basement Exterior EntryFullInterior EntryUnfinished
  • Number of Stories 3
  • Acreage 0.1542
  • Water Public
  • Property Sub Type Multi Family
  • Garage Spaces 2
  • Attached Garage No
  • Utilities Sewer Connected
  • Foundation Concrete PerimeterStone
  • Zoning R10

Interior Features

  • Cooling Central Air
  • Heating Forced AirGasHeat PumpZoned
  • Appliances DryerDishwasherExhaust FanDisposalGas Water HeaterOvenRangeRefrigeratorRange HoodWater HeaterWasher
  • Flooring Ceramic TileHardwood
  • Interior Wet BarBathtubCathedral CeilingsTub Shower
  • Fireplaces 2
  • Fireplace Features GasMasonry
  • Laundry Features Common Area
  • Window Features Thermal Windows
  • Fireplace Yes

Exterior Features

  • Fencing Fenced
  • Waterfront Property Yes
  • Waterfront Features Walkto Water
  • Exterior BalconyPorchPatio
  • Patio And Porch BalconyPatioPorch

Community Features

  • Community Features Near HospitalNear SchoolsPublic TransportationRecreation AreaRestaurantShoppingTennis CourtsSidewalks
  • Senior Community No

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Monthly Payment (Est.)

$10,893
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