Backup offers
#1388516, Listing office: Hogan Associates Christie's
Property details
About 13 Dean Ave
Fully restored, and de-leaded 3 unit on oversized lot (25% building cov.) in the heart of Newport's Historic Yachting Village! Located steps to Thames Street and all Newport has to offer, this is a tremendous investment or owner occupant opportunity offering as high as a 8.88% Cap Rate--a stellar return for the area, and up to 9 PARKING SPACES. The entire home has been renovated and restored from the roof to the Premium Andersen Replacement Windows with transferrable warranty. The home features three large units, (2) 2 BR/ 1.5 BA, and (1) 1BR/ 1 BA, all currently rented. Units feature hardwood flooring, premium bathrooms and kitchens completely updated and remodeled. Each unit has its own energy efficient ductless heating and cooling system, and is also connected to gas, water, sewer. The roof is young, and was stripped and replaced in 2016 with transferrable warranties. The oversized lot presents a great opportunity to add a garage with lofted unit or living space (ADU) above. With only 25% of building coverage, there is ample room to add this additional dwelling without sacraficing valuable parking for you or your tenants. Each unit comes w/ new dedicated Maytag washer/dryers. Ductless split systems are raised for protection against the elements. Tremendous rental history seasonally, annually, or occupy the third unit and utilize owner occupant short-term rental ability. Own a piece of history with solid returns in the heart of Newport. Sold furnished*
Highlights
Home typeMulti Family
HeatingDuctless, Electric, Natural Gas, Heat Pump
StatusActive
CoolingDuctless
BasementYes
Lot size0.094 Acres
Year built1900
ParkingNo Garage
MLS #1389865
WaterfrontWaterfront
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 3
- Appliances: Dryer, Water Heater, Washer
- Basement: Yes
- Flooring Type: Hardwood
- Fireplace: None
- Total Bedroom Count: 5
- Parking: No Garage
- Waterfront: Waterfront
- Exterior: Deck, Paved Driveway
- Heating: Ductless, Electric, Natural Gas, Heat Pump
- Cooling: Ductless
- List Price: $1,776,000
- Annual Tax Amount: $5,674
- Tax Year: 2024
- Year Built: 1900
- Lot Size: 0.094 Acres
- MLS Number: 1389865
- MLS Name: RIS
- Office Name: Smith and Oak Real Estate Co.
- Office Phone: (401) 464-2617
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/16/2025, 9:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 09, 2001 | Home Sold | $310,000 |
| Oct 05, 2000 | Home Sold | $230,000 |
| May 27, 1997 | Home Sold | $135,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $814,100 | $5,674 |
| 2023 | $527,100 | $5,229 |
| 2022 | $527,100 | $5,065 |
| 2021 | $527,100 | $4,918 |
| 2020 | $414,200 | $4,258 |
| 2019 | $414,200 | $4,258 |
History based on county public records data.
Nearby schools
4
Claiborne Pell Elementary School
Public District PK-4
2.1 mi
•35 Dexter St
5
Joseph Gaudet Academy
Public District 4-4
3.3 mi
•1113 Aquidneck Ave
7
Melrose Avenue School
Public District PK-4
3.8 mi
•76 Melrose Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $73,902. The most common annual income of people living in Newport, RI is between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
22%
<35k
46%
35k-100k
26%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
76%
Single, No Kids
4%
Single, with Kids
14%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
2%
12-17 yrs old
49%
18-34 yrs old
31%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Yoga/pilates
Continuing Education Courses
Symphony or Opera
Where do the neighbors shop?
H&M
Express/Express For Men
Chico's
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Boston Market
What do the neighbors drive?
Audi
Volkswagen
Volvo
What do the neighbors listen to?
Alternative
Urban Contemporary
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Newport, RI
Newport's transportation infrastructure supports both private and public transit options, with a network of roads and bridges connecting the city to the rest of Rhode Island and beyond. Public transportation services are available, providing connections to key areas within the city and to neighboring communities. The city is also bike-friendly, with several designated paths and lanes. For those without a vehicle, ride-sharing services are a popular choice for getting around.
The community benefits from a robust educational system, with a number of public and private schools providing a range of educational opportunities. Healthcare services are comprehensive, with local hospitals and clinics offering a variety of medical care options. Newport's public library system serves as a valuable resource for residents, and the city's array of shops and restaurants reflects the local culture, with an emphasis on seafood and coastal cuisine.
Newport is celebrated for its vibrant history and maritime culture, with the community taking pride in its well-preserved architecture and famous seaside attractions. The city's character is further enriched by annual events such as the Newport Jazz Festival and the Newport International Boat Show, which draw visitors from around the world and contribute to the area's lively atmosphere.
Newport's housing market is characterized by a blend of historic charm and modern luxury, with a significant presence of colonial and Victorian-style homes that reflect the city's rich history. The housing landscape is diverse, offering a mix of single-family homes, apartments, and townhouses. While the majority of homes are owner-occupied, there is also a substantial rental market catering to the city's seasonal population and year-round residents alike.
About 13 Dean Ave
The listing price of 13 Dean Ave property is $1,776,000.
The property 13 Dean Ave is a multi located in Newport, Rhode Island, 02840.
Active Listing: 13 Dean Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 13 Dean Ave are: Claiborne Pell Elementary School (GreatSchools Rating 4/10), Joseph Gaudet Academy (GreatSchools Rating 5/10), Melrose Avenue School (GreatSchools Rating 7/10), Frank E. Thompson Middle School (GreatSchools Rating 3/10), Joseph H. Gaudet School (GreatSchools Rating 8/10), Lawn Avenue School (GreatSchools Rating 8/10), Rogers High School (GreatSchools Rating 3/10), Middletown High School (GreatSchools Rating 4/10), Narragansett High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $5,674 (source: MLS/based on county public records data).
The last sale was on October 9, 2001 for $310,000 (source: MLS/tax record).
The year of construction for 13 Dean Ave is 1900.
This home is located at 13 Dean Ave in Newport, RI and zip code 02840. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since July 14, 2025 and is currently priced at $1,776,000.
Over 5 listings were sold over their listed price in June 2025 in Newport, RI. In the same period over 14 listings were sold below the listed price and 5 listings were sold for the listed price. In June 2025 in Newport, RI there were 23.7% more homes for sale than in May. In June 2025, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $958,750.
From Rocket Homes Real Estate and based on county public records data.