For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,706,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,679 sqft
Price per Sqft $364
Subdivision Indian Ave.
MLS Listing ID 1286809
Sold Date 09/27/21
Style Cabin/Cottage
HOA Y/N No
Abv Grd Liv Area 4,679
Year Built 1945
Annual Tax Amount $13,308
Tax Year 2020
Lot Size 1.060 Acres
Acres 1.06
Property Description
Rare find in one of Middletown's most sought after neighborhoods: Private compound, comprises two lots that are being sold together. Property includes 1, 1A, 2, 3 and 4 Indian Terrace. The 4 absolutely charming cottages are one bedroom cottages with open living areas, cathedral ceiling, washer dryer and separately metered utilities. The largest cottage has two full baths. The 4 cottages all have electric heat, 3 have a wood burning stove, 2 have ductless air conditioning, one has central air. Each cottage has a different layout and its own charm with either a patio or deck and there is enough open space between them to give the tenants privacy. Cottage 1A, with its stunning interior, has central ac, a partial basement and a large fully fenced yard. Cottage 4 has a very private yard that is semi fenced. The main house has 2 full baths, two levels of living, oil heat, 2 fireplaces, each with an insert, a very cozy loft, full basement and a fenced yard. The cathedral ceiling and the second floor deck give this home an airy feeling. The hardwood floors and wood paneled ceiling give it warmth. 1 and 1A are situated on lot 37 and 2,3 and 4 are on lot 38. This property is only a few steps from Pebble Beach and a short bike ride to Middletown beaches. These homes have been consistently rented year round over the last 20 years. Rents under market value.
Location
State RI
County Newport
Community Indian Ave.
Zoning R-40
Rooms
Basement Full
Interior
Heating Baseboard, Central, Hot Water, Other, Radiant
Cooling Ductless, Window Unit(s), Central Air
Furnishings Unfurnished
Laundry In Unit
Exterior
Community Features Near Schools, Other, Recreation Area
Utilities Available Cable Available, Electricity Available, Natural Gas Not Available, Water Available
Street Surface Gravel
Total Parking Spaces 12
Building
Lot Description Wooded
Foundation Block, Slab
Sewer Septic Tank
Water Private, Well
Architectural Style Cabin/Cottage
New Construction No
Others
Tax ID 11A-4INDIANTERMDLT
Financing Other
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 State-Wide Multiple Listing Service. All rights reserved.
Bought with RE/MAX Profnl. Newport, Inc.