Newport RI Multi Family for Sale
$1,125,000
1 King Street Newport, RI 02840
- Type:
- Multi-Family
- Sq.Ft.:
- 2,134
- Status:
- NEW LISTING
- Beds:
- 4
- Lot size:
- 0.03 Acres
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 1375236
- Subdivision:
- Bellevue
View additional info
Courtesy: Mott & Chace Sotheby's Intl.
401-789-8899
ADDITIONAL INFORMATION
Rare opportunity to own a multi-family property just steps from Bellevue Avenue and a short stroll to downtown and the harbor. Privately accessed, and recently remodeled first floor one-bedroom unit with upgraded kitchen and bathroom, including soapstone countertops, in-unit washer/dryer, and dual Liebherr refridgerators. Floors two and three combine to create a three-bedroom, one bathroom unit with potential for reconfiguration and redesign. Charming terrace with espaliers and privacy fencing provides a quiet area for reflection and relaxation. Conveniently located by the Bellevue Gardens shopping center, where you'll find a fitness studio, organic grocery store, wine shop, specialty cheese market, sushi restaurant, and more! Tennis courts, playground, and public library at the end of the street. A centrally located property, perfect for investment purposes, or multigenerational living. Two addresses: 1 King Street, and 65 Williams Street.
$899,900
8 Peckham Avenue Newport, RI 02840
- Type:
- Multi-Family
- Sq.Ft.:
- 3,128
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.14 Acres
- Year built:
- 1920
- Baths:
- 3.00
- MLS#:
- 1374891
View additional info
Courtesy: Century 21 Shoreline
401-269-6169
ADDITIONAL INFORMATION
Excellent opportunity to own this solid Victorian home in the vibrant North End of Newport! This quality, three-level property sits on a generous 6077 sqft deep lot, nestled back from Broadway on a serene, well-established street. Perfectly positioned near single-family homes, it's just a short walk or bike ride to downtown Newport and only one mile from Middletown, with convenient access to the Newport-Pell Bridge and Naval Station Newport.This spacious home features hardwood floors throughout and a sun-filled first-floor unit with period details and modern granite kitchen upgrades. It includes a full bath, separate laundry area, center parlor, and a large master bedroom with pocket doors and French doors leading to the foyer and front porch. The newly built eat-in kitchen comes with new appliances and a cozy sunroom. It boasts a strong rental history with consistent midterm and long-term occupancy, making it an ideal investment or a great owner-occupant. The property features ample parking for 7+ vehicles and offers endless possibilities for customization, including the option to convert back to a single-family residence.
$1,495,000
22 Rhode Island Avenue Newport, RI 02840
- Type:
- Multi-Family
- Sq.Ft.:
- 6,195
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.25 Acres
- Year built:
- 1870
- Baths:
- 3.00
- MLS#:
- 1373832
- Subdivision:
- Kay Street and Broadway
View additional info
Courtesy: JB Newport Realty
401-862-7882
ADDITIONAL INFORMATION
Introducing 22 Rhode Island Avenue - a captivating Victorian mixing elegance and charm. This 4,100+ sq ft home sits on a prime acre lot in the heart of Newport, perfectly positioned between Kay Street and Broadway. Within walking distance to renowned restaurants, charming coffee shops, lush parks and with only a short bike ride to the beach, this location is unparalleled. Built in 1870, the property is defined by its striking Gable peaks, turrets, oversized windows, and inviting wraparound porch. Preserving much of its original ornate detailing, this home is rich in period character. Currently a three-family residence, it offers immense potential to be transformed back into a grand single-family estate. Unit One features a beautifully appointed living room with a decorative fireplace and access to the front wraparound porch, two bedrooms, an eat-in kitchen, and a full bath. Unit Two includes three bedrooms, a dining room, updated kitchen, and bath. Unit Three offers three additional bedrooms, the turret room, living room, new kitchen, and bath. Gorgeous inlaid hardwood and Pine floors grace the entire home. Each unit has a new high-efficiency gas heating system. The expansive backyard provides a lush retreat with many possibilities, including room for additional parking or creative outdoor enhancements. Whether you're seeking a multi-family investment or envisioning a stately single-family home, this property offers endless potential in a Newport location.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.07 Acres
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 73317315
ADDITIONAL INFORMATION
Prime mixed-use property in the heart of Newport, RI, offering exceptional residential and commercial potential on lively Spring Street. Just steps from Thames Street’s world-class restaurants, boutiques, and historic attractions, this property features a cozy 2-bedroom, 1-bath top-floor apartment with functional living spaces that provide a warm and welcoming retreat, plus a versatile first-floor commercial space, currently a locksmith shop with a half bath. A rare private backyard offers a serene escape, perfect for relaxing or entertaining. Bring your ideas—this property is full of possibilities and could be tailored to suit your vision. With a little updating, this gem can truly shine. Don’t miss this unique opportunity to own a property that combines comfort, commercial flexibility, and an unbeatable location. Schedule a showing today!
$1,475,000
5 Elliott Place Newport, RI 02840
- Type:
- Multi-Family
- Sq.Ft.:
- 3,358
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.12 Acres
- Year built:
- 1870
- Baths:
- 3.00
- MLS#:
- 1373599
- Subdivision:
- Broadway
View additional info
Courtesy: Edge Realty RI
401-783-1007
ADDITIONAL INFORMATION
Nestled just off vibrant Broadway, this well-maintained 3-family home is a great opportunity in a sought-after location. The property offers two spacious 3-bedroom apartments and a beautifully updated 2-bedroom unit, all featuring modern upgrades. This home has also undergone major renovations including a newer roof, siding, windows, electrical, plumbing, and heating systems. Additional highlights include five off-street parking spaces, new EV charger, a two-car garage, and a charming deck and garden area. Boasting a strong rental history, close proximity to Broadway's restaurants and shops, convenient highway access, and it's location near the U.S. Naval War College, this turnkey property is an ideal choice for both investors and owner-occupants.
- Type:
- Multi-Family
- Sq.Ft.:
- 3,726
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.16 Acres
- Year built:
- 1986
- Baths:
- 4.00
- MLS#:
- 1372677
View additional info
Courtesy: Keller Williams Coastal
401-845-9200
ADDITIONAL INFORMATION
Rare opportunity of an updated multi mixed used unit property in Newport with 7,008 SF lot, parking for up to 11 cars, Brand new updated units, fully furnished, Two loft style units townhouse style on top level with one two bedrooms & one bedroom with baths, lower level has three full bedrooms with their own private bathrooms & mini fridge, coffee maker and sink with a hotel style room with each room having a private entry. This property does offer five units in total! Right in the heart of Newport walking distance to all restaurants, water dock & tourism area. It's a Must See!
$1,824,777
39 Powel Avenue Newport, RI 02840
- Type:
- Multi-Family
- Sq.Ft.:
- 3,483
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.26 Acres
- Year built:
- 1890
- Baths:
- 5.00
- MLS#:
- 1371241
View additional info
Courtesy: Bay Shores Real Estate
508-971-0620
ADDITIONAL INFORMATION
Here is the ideal 3 family (2 Unit Victorian home with a separate 2 level Carriage House) with a large unobstructed 5 car driveway and huge fenced in back yard just off of desirable Kay St neighborhood ready for the next owner/investor. The front home offers a 1st floor open concept apartment with 2 bedrooms and 1 bathroom, cathedral ceilings, gorgeous hardwood floors throughout with access to a stunning wrap around farmers porch with newly replaced black Marvin windows that are floor to ceiling and newly installed mini splits. A beautifully updated white kitchen with stainless steel appliances and nicely updated bathroom leaves nothing untouched for the next owner. The separate second floor apartment with its grand staircase has another large and spacious 2 bedroom and 1.5 bathrooms with beautiful hardwood floors, all new black Marvin windows, and new mini splits. A nicely updated eat in kitchen with center butcher block island and huge farmers table is no problem for its generous space. A newly renovated full bathroom and half bathroom with a large laundry room is unheard of. Then you can relax on a new composite deck for your own separate enjoyment . We can then take you to a separate 2 level carriage house with 1 bedroom and 1.5 bathrooms with an updated kitchen and stainless steel appliances with hardwood floors on the first floor and new mini splits. Then the final touches were added with a stunning black lifetime aluminum roof on the Carriage House and farmers porch.
$2,200,000
130 Spring Street Newport, RI 02840
- Type:
- Multi-Family
- Sq.Ft.:
- 6,330
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.17 Acres
- Year built:
- 1849
- Baths:
- 5.00
- MLS#:
- 1366507
- Subdivision:
- Downtown
View additional info
Courtesy: Teri Degnan RE & Consulting
401-619-8222
ADDITIONAL INFORMATION
130-132 Spring St is a classic historic Newport building in the heart of downtown with two 1st floor retail spaces combined and 4 residential apartments upstairs. The building is fully occupied and has 5 parking space. Use is versatile since it is located in a general business zone. Kitchens and baths have been updated, the building exterior was just painted in August 2024. Two of the units are turnkey with furnishings too. Strong rental history and also a solid candidate for a condo conversion. Steps away from all the bustling activity.
$2,250,000
40 Catherine Street Newport, RI 02840
- Type:
- Multi-Family
- Sq.Ft.:
- 6,556
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.72 Acres
- Year built:
- 1880
- Baths:
- 4.00
- MLS#:
- 1364772
- Subdivision:
- Kay/Catherine btw Greenough/Ayrault
View additional info
Courtesy: Gustave White Sotheby's Realty
401-849-3000
ADDITIONAL INFORMATION
PRIME NEWPORT OASIS. Hidden in plain sight, this 31,000+ square foot property is one of the largest residential parcels in the desirable Kay/Catherine neighborhood, right off Bellevue Avenue, and a stone's throw to the Cliff Walk, Tennis Hall of Fame, Redwood Library and Newport Harbor. The property consists of 2 buildings - 40 Catherine, a 3-bedroom/2-bath house, and 42 Catherine, a charming 2-story converted barn with 2 one-bedroom apartments. 40 Catherine features a grand living room - once the office of architect George Champlin Mason with wood-burning fireplace and tall Palladian arched windows. A great outdoor deck and wonderful yard offer seamless indoor-outdoor living with room for entertaining al fresco. A private bedroom suite is on its own floor upstairs, while the main floor includes a large open kitchen/dining, separate dining/study, bathroom and the second and third bedrooms. A first floor garage offers an additional 1500+ sf of storage space or potential additional living area. 42 Catherine offers all the charm of an historic barn conversion with potential for family compound, rental income and/or guest accommodation. The first floor is just one step up, spanning over 1300 sf, with a huge great room, Dutch door, charming patio, wood-burning fireplace, open kitchen, laundry, bathroom, and first floor bedroom. The second floor is an additional one-bedroom apartment, rented to a long-term tenant through April 2025. Sublime!
$1,395,000
10 West Extension Street Newport, RI 02840
- Type:
- Multi-Family
- Sq.Ft.:
- 1,653
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.04 Acres
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 1364887
View additional info
Courtesy: RE/MAX Results
401-848-7827
ADDITIONAL INFORMATION
Discover a rare opportunity to own a thriving two-unit Airbnb in the heart of Newport's vibrant Yachting Village. This updated multi-family property is ideal for investors or those seeking a home with income potential. Whether for investment or residence, this property presents an enticing prospect in Newport's waterfront business zone. The first-floor unit is a cozy one-bedroom, one-bathroom featuring a deck and fireplace, perfect for relaxing and enjoying the coastal ambiance. The second-floor unit is a spacious three-bedroom, one-bathroom that spans two floors, offering ample space and comfort with 2 decks and a fireplace. Each unit has a washer and dryer. With brilliant Newport Harbor views and just steps away from the marinas, restaurants, and shops, this property is an ideal retreat for those seeking the best of coastal living. Don't miss out on this exceptional opportunity! No parking on site, owner rents 2 spaces nearby. Profit and loss available for interested parties.
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Newport Real Estate
The median home value in Newport, RI is $951,000. This is higher than the county median home value of $646,400. The national median home value is $338,100. The average price of homes sold in Newport, RI is $951,000. Approximately 35.56% of Newport homes are owned, compared to 41.25% rented, while 23.19% are vacant. Newport real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Newport real estate agent to arrange a tour today!
Newport, Rhode Island has a population of 25,322. Newport is less family-centric than the surrounding county with 21.09% of the households containing married families with children. The county average for households married with children is 27.01%.
The median household income in Newport, Rhode Island is $77,092. The median household income for the surrounding county is $90,435 compared to the national median of $69,021. The median age of people living in Newport is 35.2 years.
Newport Weather
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 22.9 degrees. The average rainfall is approximately 47.8 inches per year, with 30.5 inches of snow per year.