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$3,495,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 6 Total Beds
  • 0.2712 Acres
  • Updated 18 hours ago
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In perfect time to capitalize on the high season, 3 & 7 Carroll Avenue offer a rare opportunity for buyers looking to enter Newport's exclusive commercial mixed-use market. Properties like this rarely trade in Newport, especially in such a coveted location with 18 parking spaces and minimal competition. Situated in the heart of the vibrant Fifth Ward neighborhood, this property offers year-round exposure, ensuring steady income potential. Whether you choose to operate a high-end caf or restaurant, capitalize on short-term rentals, or explore redevelopment opportunities, this is an investment poised for long-term success. The buildings are positioned east-facing, allowing beautiful morning light to pour through the storefronts.

Full Property Details for 3 Carroll Ave

General

  • Price: $3,495,000
  • Taxes: $14,134 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: STWMLS
  • MLS ID: 1379788
  • Updated: 3/25/2025
  • Added to Site: 1 day(s) ago

Business

  • Business Type: Other

Interior

  • Number of Rooms: 18
  • Interior Features: Cathedral Ceiling(s), High Ceilings, Skylights, Stall Shower, Vaulted Ceiling(s), Furnished, Jetted Tub
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Ceramic Tile, Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 7
  • Full Bathrooms: 4
  • Half Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: In Unit

Additional Information

  • Spa: Yes
  • Tennis: Yes

Exterior

  • Exterior Features: Deck
  • Porch/Patio/Deck: Deck

Parking

  • Total Spaces: 18
  • Parking Features: No Garage

Location

  • County: Newport
  • Subdivision: Fifth Ward
  • Near Highway: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ductless, Window Unit(s)
  • Heating Type: Baseboard, Electric, Hot Water, Oil

Utilities

  • Sewer: Connected
  • Water: Connected
  • Utility Description: Sewer Connected

Structural Information

  • # Buildings: 2
  • Detached/Attached: Detached
  • Construction: Drywall, Brick, Shingle Siding, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full, Interior Entry, Unfinished
  • Windows: Skylight(s)
  • Stories/Levels: 3
  • Building Size: 6269
  • Finished Total: 6,269 Sq. Ft.
  • Finished Above Grnd: 6,269 Sq. Ft.
  • Year Built: 1905

Lot Features

  • Lot Size (Acres): 0.2712
  • Lot Size (Sq. Ft.): 11,814
  • Lot Size: 11814
  • Lot Features: Corner Lot

Water Features

  • Water Front Desc.: Walk to Water

Financial Considerations

  • Tax Amount: $14,134
  • Tax Year: 2024

Disclosures and Reports

  • Inclusions: 7 Carroll Ave - All commercial appliances convey. 3 Carroll Ave / Viking cleaners - All laundry done off site at Polo Cleaners.
  • Property ID: 37CARROLLAVNEWP
  • Lot Number: 131/193

Listed by Gustave White Sotheby's Realty

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Listing agent

— 3 Carroll Ave —

  • Gustave White Sotheby's Realty

401-849-3000

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3 Carroll Ave

School District:Newport Schools
RatingNameGradesDistance
3
Rogers High School
15 Wickham Rd, Newport, RI 02840
9-120.5 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3 Carroll Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/25/2025
Listed
$3,495,000
288.33%
MLS
10/30/2009
Sold
$900,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3 Carroll Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,376
3%
$361,300
—
2022
$5,206
3%
$361,300
—
2021
$5,055
5%
$361,300
16%
2020
$4,816
—
$312,300
—
2019
$4,816
3%
$312,300
—
2018
$4,678
36%
$312,300
41%
2017
$3,440
3%
$221,200
—
2016
$3,353
2%
$221,200
—
2015
$3,272
-13%
$221,200
-2%
2014
$3,775
3%
$225,800
—
2013
$3,665
—
$225,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Gustave White Sotheby's Realty

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3 Carroll Avenue, Newport, RI 02840 (MLS# 1379788) is a Multi-Family property with 4 units containing 6 bedrooms, 4 full bathrooms and 3 partial bathrooms. 3 Carroll Avenue is currently listed for $3,495,000 and was received on March 25, 2025. Want to learn more about 3 Carroll Avenue? Do you have questions about finding other Multi-Family real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.

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