OFF MARKET

Off Market Dec 2018 for $770K

$1,774,895

•

4,184

sq ft

43 Merton Rd, Newport, RI 02840

About this home

What a location! This multi family with 3 units currently have 1 unit just leased and 2 units that will be open for the next lucky owner of this property. Excellent potential rental in desirable location close to Salve Regina, 3 blocks from Cliff Walk and 3 blocks from Tennis Hall of Fame. Large 2 car detached garage, full unfinished basement, and very large fenced backyard with 2 out buildings. Four plus off street parking places in addition to garage. This property has never been offered before. Ready to produce income for the right investor right now!

Multi-familyProperty Type

1880Year Built

0.45 acresLot Size

$424Est. Price/Sq.Ft.

2 car garageParking

Listed by Charles Herndon • Keller Williams Coastal

Bought with The Hadfield Group • Hogan Associates Christie's

Redfin checked: a minute ago

•Source:RIS #1185966

Redfin Estimate

$1,774,895

$1.0M since sold in December 2018$18K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 35.3% lower than the average sale price ($2.74M) of 6 comparable homes.

SOLD JAN 20, 2026
$5,150,000
A
5 beds3.5 baths4,775 sq ft
27 Kay St, Newport, RI 02840
SOLD MAR 10, 2026
$2,348,050
B
5 beds3.5 baths4,688 sq ft
33 Kay St, Newport, RI 02840
SOLD AUG 20, 2026
$2,800,000
C
3 beds3 baths2,602 sq ft
33 Everett St, Newport, RI 02840
SOLD DEC 30, 2025
$1,410,000
D
6 beds3 baths2,828 sq ft
28 Young St, Newport, RI 02840
SOLD NOV 26, 2025
$2,300,000
E
5 beds3.5 baths4,326 sq ft
10 Bull St, Newport, RI 02840
SOLD OCT 28, 2025
$2,445,000
F
4 beds3 baths3,776 sq ft
60 Ayrault St, Newport, RI 02840

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Earn from this home

Sell

$1,151,931

Est. take-home

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Market trends in 02840, RI

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.0%

+0.4% MoM

Median sale price

$969K

$37K MoM

Avg. days on market

36d

1 days MoM

Recently sold homes

4 MoM

New listings for sale

NEW 19 HRS AGO
$3,500
1 bed2 baths750 sq ft
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OPEN TODAY, 10AM TO 11:30AM
$899,000
2 beds1.5 baths1,015 sq ft
19 .5 Third St #2, Newport, RI 02840
OPEN TODAY, 11AM TO 12:30PM
$699,000
3 beds2 baths906 sq ft
85 Mill St #2, Newport, RI 02840
OPEN TODAY, 11AM TO 12:30PM
$425,000
1 bed1 bath869 sq ft
85 Mill St #3, Newport, RI 02840
$995,000
4 beds2 baths2,260 sq ft
7 8 Warner Pl, Newport, RI 02840
COMING SOON
$4,950,000
4 beds4 baths3,529 sq ft
119 Spring St, Newport, RI 02840
OPEN SUN, 11AM TO 12:30PM
$1,475,000
3 beds2.5 baths1,743 sq ft
72 Third St, Newport, RI 02840
OPEN TODAY, 10AM TO 11:30AM
$1,299,000
6 beds4 baths2,596 sq ft
31 Prescott Hall Rd, Newport, RI 02840
$1,200,000
4 beds2 baths1,305 sq ft
31 Slocum St, Newport, RI 02840
OPEN TODAY, 10AM TO 11:30AM
$1,050,000
2 beds1 bath1,200 sq ft
453 Bellevue Ave Unit CH, Newport, RI 02840
See all

Provided by Redfin

Sale history for 43 Merton Rd

Date

Event

Price

RIS #1386379

Jun 2, 2025

Rental Removed

$3,400

$1/sq ft

May 31, 2025

Listed for Rent

$3,400

$1/sq ft

RIS #1383491

May 30, 2025

Rental Removed

$3,400

$1/sq ft

May 8, 2025

Listed for Rent

$3,400

$1/sq ft

RIS #1361428

Sep 23, 2024

Rental Removed

$3,000

$1/sq ft

Jun 12, 2024

Listed for Rent

$3,000

$1/sq ft

RIS #1359661

Jun 12, 2024

Rental Removed

$7,000

$2/sq ft

Jun 5, 2024

Price Changed

$7,000

$2/sq ft

May 21, 2024

Listed for Rent

$8,000

$2/sq ft

RIS #1185966

Dec 19, 2018

Sold

$770,000

$184/sq ft

Nov 4, 2018

Pending

—

Oct 18, 2018

Price Changed

$775,000

$185/sq ft

Jul 23, 2018

Price Changed

$875,000

$209/sq ft

Mar 30, 2018

Listed

$999,000

$239/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$14,088 (+6.2%)

$918,700 + $702,700

$1,621,400

2024

$13,260 (+36.8%)

$918,700 + $694,400

$1,613,100

2023

$9,692 (+3.2%)

$532,900 + $444,100

$977,000

2022

$9,389 (+11.5%)

$532,900 + $444,100

$977,000

2021

$8,424 (+20.1%)

$532,900 + $370,000

$902,900

2020

$7,017

$416,600 + $266,000

$682,600

2019

$7,017 (+2.9%)

$416,600 + $266,000

$682,600

2018

$6,819 (+10.9%)

$416,600 + $266,000

$682,600

2017

$6,148 (+2.6%)

$268,500 + $279,900

$548,400

2016

$5,994 (+2.4%)

$268,500 + $279,900

$548,400

2015

$5,851 (+10.6%)

$268,500 + $279,900

$548,400

2014

$5,290 (+3.0%)

$219,700 + $218,900

$438,600

2013

$5,136 (+3.1%)

$219,700 + $218,900

$438,600

2012

$4,982

$219,700 + $218,900

$438,600

Tax history for 43 Merton Rd

Year

Property tax

Land + Additions

Assessment*

2025

$14,088 (+6.2%)

$918,700 + $702,700

$1,621,400

2024

$13,260 (+36.8%)

$918,700 + $694,400

$1,613,100

2023

$9,692 (+3.2%)

$532,900 + $444,100

$977,000

2022

$9,389 (+11.5%)

$532,900 + $444,100

$977,000

2021

$8,424 (+20.1%)

$532,900 + $370,000

$902,900

2020

$7,017

$416,600 + $266,000

$682,600

2019

$7,017 (+2.9%)

$416,600 + $266,000

$682,600

2018

$6,819 (+10.9%)

$416,600 + $266,000

$682,600

2017

$6,148 (+2.6%)

$268,500 + $279,900

$548,400

2016

$5,994 (+2.4%)

$268,500 + $279,900

$548,400

2015

$5,851 (+10.6%)

$268,500 + $279,900

$548,400

2014

$5,290 (+3.0%)

$219,700 + $218,900

$438,600

2013

$5,136 (+3.1%)

$219,700 + $218,900

$438,600

2012

$4,982

$219,700 + $218,900

$438,600

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.45 Acres

Year renovated

1987

Sq. Ft.

2,430

Year built

1880

Style

Multi-Family (2-4 Unit)

County

Newport County

APN

363273

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 22, 2026.

Property details

Parking

Garage/Carport Information
Has Garage
# of Garage Spaces: 2

Parking
Features: Detached, Garage
# of Parking (Total): 6
# of Covered Spaces: 2

Interior

Virtual Tour

Bathroom Information
# of Full Bathrooms: 3

Room Information
# of Rooms (Total): 14
Has Basement
Basement Information: Exterior Entry, Full, Interior Entry, Unfinished

Equipment
Appliances: Dishwasher, Gas Water Heater, Oven, Range, Refrigerator

Interior Features
Window Features: Thermal Windows
Door Features: Storm Door(s)
Flooring: Carpet, Hardwood, Vinyl

Multi Unit Information
# Of Units Total: 4
# Of Buildings: 1

Exterior

Building Information
Stories (Total): 2
Construction Details: Plaster, Vinyl Siding

Exterior Features
Exterior Features: Deck, Porch, Paved Driveway
Patio And Porch Features: Deck, Porch
Other Structures: Outbuilding
Fencing: Fenced

Lot Information
Lot Size Area: 19,788
Lot Size Acres: 0.45
Waterfront Features: Walk to Water
Zoning: R10

Property Information
Above Grade Finished Area: 4,184
Foundation Details: Combination

Financial

Assessments and Fees
Assessed Value: $682,600

Tax Information
Annual Tax Amount: $6,148
Tax Year: 2017

Utilities

Utility Information
Utilities: Sewer Connected
Electic On Property
Electric: 150 Amp Service
Sewer: Connected, Public Sewer
Water Source: Connected, Public

Heating & Cooling
Has Heating
Heating: Gas, Hot Water

Location

Community Information
Community Features: Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)

Public facts

Beds: 5
Baths: 3.0
Sq. Ft.: 2,430
Stories: 2.0
Lot Size: 0.45 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1880
Year Renovated: 1987
County: Newport County
APN: 363273

Home facts updated by county records on Jun 22, 2026

Around this home

Schools

Frank E. Thompson Middle School

Public 5-8 • Assigned • 0.8mi

3/10

Rogers High School

Public 9-12 • Assigned • 1.4mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 90° expected this year, 17 days in 30 years

8/10 Wind Factor

80% chance of strong winds in next 30 years

2/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Newport, RI • 02840

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9 hours in June and 4.6 hours in December, which is comparable to the U.S. average for solar exposure.

9 hrs

4.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.69M – $2.04M

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Home values near 43 Merton Rd

Data from public records.

Address	Redfin Estimate
49 Merton Rd Apartment 3, Newport, RI 2 Beds \| 1 Baths \| 1224 Sq. Ft.	$615,419
48 Merton Rd, Newport, RI 3 Beds \| 1.5 Baths \| 1100 Sq. Ft.	$967,356

Address	Redfin Estimate
41 Merton Rd, Newport, RI 5 Beds \| 3 Baths \| 3101 Sq. Ft.	$1,611,591
44 Merton Rd, Newport, RI 4 Beds \| 2.5 Baths \| 2076 Sq. Ft.	$1,592,561

Address	Redfin Estimate
49 Merton Rd Apartment 2, Newport, RI 3 Beds \| 1.5 Baths \| 1312 Sq. Ft.	$690,720
49 Merton Rd Apartment 1, Newport, RI 2 Beds \| 1 Baths \| 1312 Sq. Ft.	$654,988

Property information provided by RIS when last listed in 2025. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 02840, RI

Sale history for 43 Merton Rd

Tax history for 43 Merton Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 02840

Home values near 43 Merton Rd

More real estate resources