Two-Unit Duplex with Covered
9 Burdick Avenue, Newport, RI 02840
For Sale
$899,000
Two distinct residences support owner occupancy alongside rental use.
Property Size2,132 SF
Price / SF$421.67
Days on Market50
Property Features for 9 Burdick Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered deck
shared laundry
spacious yard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
SERHANT.
Listed By:
Tammy Bass · License RI RES.0040116
(401) 430-0856
Source:
Libbykirwin
Added: Sep 22
Changed: Nov 10
Last Checked: Nov 9 at 3:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SERHANT.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,132-square-foot duplex, built in 1976, contains a three-bedroom, one-and-a-half-bath main-level residence and a two-bedroom, one-bath lower-level residence. Hardwood floors and a kitchen opening to a covered deck are features of the main home. The property also has updated siding, shared laundry, off-street parking for three cars, and a spacious yard.
At 9 Burdick Avenue in Newport, the property is near the Navy Base, downtown Newport, and the coffee shops and dining along Broadway.
At 9 Burdick Avenue in Newport, the property is near the Navy Base, downtown Newport, and the coffee shops and dining along Broadway.
Key Highlights
- Two residences: a three‑bedroom main‑level home and a two‑bedroom lower‑level unit
- 2,132 square feet; built in 1976
- Main residence has one‑and‑a‑half baths, hardwood floors, and a kitchen that opens to a covered deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,609
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,180
$712.2K
Cap Rate 7%
$508,700
$508.7K
Cap Rate 9%
$395,656
$395.7K
Market Conditions
NOI Build-Up for 2,132 SF
Gross rent
$54.5K $25.56/SF
− Vacancy
−$3.6K −$1.70/SF
EGI
$50.9K $23.86/SF
− OpEx
−$15.3K −$7.16/SF
NOI
$35.6K $16.70/SF
Area
Newport County, RI
Vacancy
6.65%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,180
Cap Rate 7%
$508,700
Cap Rate 9%
$395,656
Alternative Uses
Best Use
Multifamily LT 5
$508.7K
$445.1K – $593.5K
NOI $35,609 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$452.4K
$395.9K – $527.8K
NOI $31,669 @ 7.0% cap · market cap 3.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
Explore this area
Business Placement
Demographics for 02840, RI
23,902
Population
13,515
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
3,274
Density / Sq Mi
$83,515
Median Household Income
$41,228
Median Earnings
$1,610
Median Rent
$669,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Newport, RI
Properties on Market for Duplexes in Newport
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences support owner occupancy alongside rental use.
Where is this duplex located?
The property is located at 9 Burdick Avenue Newport, RI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two residences: a three‑bedroom main‑level home and a two‑bedroom lower‑level unit; 2,132 square feet; built in 1976; Main residence has one‑and‑a‑half baths, hardwood floors, and a kitchen that opens to a covered deck
