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    Meikle Ave Newport, RI 02840

    Under Contract
    For Sale
    $300,000

    Unimproved Land - Newport, RI

    Type:Unimproved Land
    Lot size:
    0.05 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for Meikle Ave

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    Zoning
    Residential
    Exterior features
    Suburban, Out Building, Sidewalks
    Lot size
    0.05 Acres

    Building Details

    Architectural style
    Other

    Lila Delman Compass

    Listing agent Newport Living Group (401) 848-2101

    Listing date Nov 18, 2025

    MLS# 1398583 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Lot in Newport's Fifth Ward

    This vacant lot is located in Newport's desirable Fifth Ward neighborhood. It is being sold as a package with the abutting two-family property. The two-family cottage features a townhouse-style residence with comfort, flexibility, and strong investment potential. Unit 1 features a spacious three-bedroom, 1.5-bath layout with an updated kitchen. A cozy breakfast nook includes sliding doors leading to the outside. The living room is substantial with tall ceilings and southern natural light. A rear mudroom provides direct basement access to the laundry areas, utilities, and extra storage. Unit 2 offers a stylish loft-style setup. The property has been well-maintained with newer vinyl siding and vinyl insert replacement windows, newer asphalt shingles over both overhangs, and efficient gas heat. Each unit has separate utilities. The property is conveniently located near downtown dining, shops, and the harbor. The lot size is 0.049 acres. Buyer to perform all due diligence. The property is being sold 'as is'.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Newport
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.311539
    Latitude
    41.473015

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    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot in desirable location, sold as a package.
    Where is this residential land & home lot located?
    The property is located at Meikle Ave Newport, RI.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Package deal includes a vacant lot and a well-maintained two-family cottage in Newport's Fifth Ward.; - Prime location near Morton Park, downtown dining, shops, and the harbor.; - Unit 1: Spacious 3-bedroom, 1.5-bath layout with updated kitchen and breakfast nook.
    (401) 848-2101
    Request Owner's contact information
    Meikle Ave Newport, RI 02840
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    Newport, RI 02840
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Meikle Ave Newport, RI 02840
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