Tucked away in a quiet residential neighborhood less than 1/4 mile from Middletown's 'Two-mile-corner' we find this remarkably flexible and endlessly charming property. With nearly 2,000 square feet of living space, a large back yard, plenty of parking, a full basement and in-law suite to boot, the possibilities are myriad! The first floor comprises a 1,400 square foot main residence, boasting two large bedrooms and bathroom with jetted tub & skylight. The oversized living room prominently features a handsome brick fireplace, perfect for those cold New England winters. A screened in patio accessed through the living room invites you outdoors to enjoy the private yard and bubbling brook (YES! There's a bubbling brook!). A staircase hidden off the back yard reveals a second-floor apartment, perfect for houseguests, in-laws, or rental income to help pay the mortgage. As a pure investment this home offers an excellent rate of return ~ OR rent out the in-law unit for additional income ~ OR combine the 1st and 2nd floors to create your dream home. Same day viewings are often possible.
Multi-familyProperty Type
1940Year Built
9,148 sq ftLot Size
$233Est. Price/Sq.Ft.
4 spacesParking
Listed by Kevin Castner• Keller Williams Coastal
Listed by Madeline Andrews• Keller Williams Coastal
Bought with Newport Living Group• Lila Delman Compass
Centrally located, this well-maintained legal 2-family is on the market for the first time in 50 years! The first level- the larger of the 2 units- offers a cheerful eat-in kitchen, a cozy den with an adjacent office nook, plus a sizable living room with fireplace and a dining area. The bedroom is spacious and bright with a large walk-in closet, and down the hall is a spacious full bath with a jacuzzi tub. Outside of this unit, there is a sunny screened in porch- perfect for dining al fresco. Upstairs is a smaller unit with 1 bedroom, a full bath, and a quaint kitchen/living area plus a wonderful rooftop deck. Set on a quarter of an acre, this residence offers a lovely back yard which abuts Bailey Brook. Flood insurance for this home is about $1200 per year. Younger mechanicals and roof, with a generator installed in 2015. A 10-minute drive to downtown Newport, this home is located close to many Middletown conveniences- grocery stores, salons and more.
RIS #1267671
Nov 16, 2020
Pending
—
Nov 16, 2020
Listing Removed
—
Nov 2, 2020
Contingent
—
Oct 23, 2020
Relisted
—
Oct 19, 2020
Contingent
—
Oct 16, 2020
Price Changed
$349,000
$115/sq ft
Oct 16, 2020
Listed
$349,999
$116/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,599 (+4.7%)
$293,700 + $266,000
$559,700
2024
$6,302 (+56.3%)
$293,700 + $266,000
$559,700
2023
$4,033 (+4.8%)
$151,600 + $168,700
$320,300
2022
$3,850
$151,600 + $168,700
$320,300
2021
$3,850 (+1.0%)
$151,600 + $168,700
$320,300
2020
$3,812
$131,800 + $145,200
$277,000
2018
$3,809 (+7.6%)
$131,800 + $145,200
$277,000
2016
$3,539 (+2.5%)
$93,700 + $135,800
$229,500
2015
$3,452 (−3.2%)
$93,700 + $135,800
$229,500
2014
$3,566 (+2.3%)
$99,400 + $122,500
$221,900
2013
$3,486 (+2.0%)
$99,400 + $122,500
$221,900
2012
$3,417
$99,400 + $122,500
$221,900
Tax history for 4 Rego Rd
Year
Property tax
Land + Additions
Assessment*
2025
$6,599 (+4.7%)
$293,700 + $266,000
$559,700
2024
$6,302 (+56.3%)
$293,700 + $266,000
$559,700
2023
$4,033 (+4.8%)
$151,600 + $168,700
$320,300
2022
$3,850
$151,600 + $168,700
$320,300
2021
$3,850 (+1.0%)
$151,600 + $168,700
$320,300
2020
$3,812
$131,800 + $145,200
$277,000
2018
$3,809 (+7.6%)
$131,800 + $145,200
$277,000
2016
$3,539 (+2.5%)
$93,700 + $135,800
$229,500
2015
$3,452 (−3.2%)
$93,700 + $135,800
$229,500
2014
$3,566 (+2.3%)
$99,400 + $122,500
$221,900
2013
$3,486 (+2.0%)
$99,400 + $122,500
$221,900
2012
$3,417
$99,400 + $122,500
$221,900
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.