397 Gibbs Ave
Newport, RI 02840
2 bd 1 ba 901 sqft Built 1900 condos
Most recent sale
$665,000
Jul 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 18, 2022 | Price changed for rent | $2,500 | StateWide |
| Oct 4, 2022 | Price changed for rent | $2,800 | StateWide |
| Aug 26, 2022 | Listed for rent | $3,500 | StateWide |
| Jul 29, 2022 | Sold | $665,000 | MLS #1312274 |
| Jun 7, 2022 | Listed | $699,900 | MLS #72993446 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $638,300 | — | $638,300 | $5,546 |
| 2023 | $399,500 | — | $399,500 | $3,963 |
| 2022 | $399,500 | — | $399,500 | $3,839 |
| 2021 | $399,500 | — | $399,500 | $3,727 |
| 2020 | $372,200 | — | $372,200 | $3,826 |
| 2019 | $372,200 | — | $372,200 | $3,826 |
| 2018 | $372,200 | — | $372,200 | $3,718 |
| 2017 | $295,300 | — | $295,300 | $3,310 |
| 2016 | $295,300 | — | $295,300 | $3,228 |
| 2015 | $295,300 | — | $295,300 | $3,151 |
| 2014 | $293,500 | — | $293,500 | $3,540 |
| 2013 | $293,500 | — | $293,500 | $3,437 |
| 2006 | $331,200 | — | $331,200 | $2,656 |
Property facts
Year built
1900
Property type
condos
Stories
1
Beds
2
Baths
1
Living area
901 sqft
Lot size
—
ZIP code
02840
City
Newport
Street
Gibbs Ave
Coordinates
41.48730, -71.30055
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,990
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 397 Gibbs Ave last sell?
397 Gibbs Ave most recently sold on Jul 29, 2022 for $665,000.
What is the current tax assessment for 397 Gibbs Ave?
The most recent total assessment for 397 Gibbs Ave (year 2025) is $638,300 with $5,546 in property tax.
How does 397 Gibbs Ave's assessment compare to its last sale price?
The current assessment is 4.0% below the last sale price of $665,000.
When was 397 Gibbs Ave built?
397 Gibbs Ave was built in 1900.
How does 397 Gibbs Ave compare to others on Gibbs Ave?
We track 8 other properties on Gibbs Ave. Browse the list under "Other properties on Gibbs Ave" to compare beds, baths, and sale history.
What are the property facts for 397 Gibbs Ave?
397 Gibbs Ave is a 2 bed, 1 bath, 901 sqft condos.
Is 397 Gibbs Ave a flip candidate?
No — 397 Gibbs Ave does not appear in our flips dataset.
Is 397 Gibbs Ave a tax-appeal candidate?
No — 397 Gibbs Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.6%
Implied 1-yr
-14.4%
2026 Q3
$1.12M
2026 Q4
$1.07M
ZIP 02840 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Gibbs Ave