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Fifth Ward Multifamily Home for Sale

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    $1,776,000

    • 5 Beds
    • 5 Baths
    • 2,448 Sq Ft

    13 Dean Ave, Newport, RI 02840

    Fully restored, and de-leaded 3 unit on oversized lot (25% building cov.) in the heart of Newport's Historic Yachting Village! Located steps to Thames Street and all Newport has to offer, this is a tremendous investment or owner occupant opportunity offering as high as a 7.2% Cap Rate--a stellar return for the area, and up to 9 PARKING SPACES. The entire home has been renovated and restored from

    The WP Group Smith and Oak Real Estate Co.

    13 Dean Ave, Newport, RI 02840

Why Live in Fifth Ward

The Fifth Ward in Newport, RI, is a lively neighborhood known for its bustling Thames Street, historical homes, and proximity to the harbor. Summer brings tourists enjoying ice cream from Sprinkles and shopping for souvenirs, making parking challenging, though residents have town-issued stickers. The area is rich in history, with homes from the 18th and 19th centuries, including styles like cottages, Cape Cods, Colonial Revivals, and Victorians. Many have been converted into condominiums, with single-family homes ranging from $700,000 to $2 million. The neighborhood is also home to Gilded Age mansions, now popular tourist attractions like "The Breakers." Attractions include the Tennis Hall of Fame with historical exhibits and grass courts, and the Jane Pickens Film and Event Center. The Folk and Jazz Festivals at Fort Adams State Park are annual highlights. Dining options are abundant, with O’Brien’s pub offering a lively atmosphere and events like karaoke. For groceries, residents visit Stop & Shop and A Market. Parks such as Morton Park and King Park offer green spaces, with King Park hosting summer concerts. The neighborhood is served by Newport Public Schools, with private options like the highly rated St. Michael’s Country Day and St. George’s. While summer is busy, the off-season is quieter with free parking. The area is safer than the national average, and transportation options include Route 138, the Pell Bridge, and RIPTA bus 60, with airports in Warwick and Boston providing flight services.

Home Trends in Fifth Ward, RI

Housing Trends

Median Sale Price
$534,000
Median Single Family Sale Price
$399,900
Median Townhouse Sale Price
$455,000
Median 2 Bedroom Sale Price
$498,000
Median 1 Bedroom Sale Price
$799,500
Average Price Per Sq Ft
$434
Number of Homes for Sale
6
Last 12 months Home Sales
44
Months of Supply
1.60
Median List Price
$498,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
34%
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