37 Powel Avenue

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Address: 37 Powel Ave, Newport, RI 02840, USA
Created date: June 20, 2024
Date last updated: June 20, 2024

Property Description

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.

Key Property Information

Listing Status: Under Contract
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $2,095,000
No. of Units: 2
Year Built: 1900
Lot Size: 4,255.00 Sq ft
Opportunity Zone: No
Price per unit: $1,047,500
Property Website Click Here
Number of Bedrooms: 6
Number of Bathrooms: 6
Address: 37 Powel Avenue, Newport, RI 02840, USA
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