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320 Harrison Avenue Sold For $12.145M In Newport With Lee Holloway As The Broker
SOLD
$12,145,000
Rhode Island
See Similar DealsSingle Family1,684 SF
Sold 10/10/2025
SOLD
320 Harrison Avenue Sold For $12.145M In Newport With Lee Holloway As The Broker
320 Harrison Avenue
See Similar DealsSingle Family1,684 SF
Sold 10/10/2025
Summary
RHODE ISLAND
Asset Type:Single Family
Price Per Square Foot:$7,212
Total Square Footage:1,684 SF
Transaction Type:Sale
A single-family property located at 320 Harrison Avenue in Newport, RI has been sold for $12,145,000. The property encompasses a total area of 1,684 square feet, translating to a price per square foot of $7,212.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $12,145,000
- Address: 320 Harrison Avenue
- Market: Newport, RI
- Square Footage: 1,684
- Price per Square Foot: $7,212
The transaction was brokered by Lee Holloway of Residential Properties, marking one of Rhode Island’s top three residential transactions for the year. This deal highlights the expanding presence of Residential Properties Ltd. in the high-end coastal real estate market of Newport County.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$647,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,148.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,573.50
Annual Debt Service$690,881.95
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