25 Multi Family Homes For Sale in Newport, RI

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$650,000Est. Payment
6 Beds | 3 Baths | -- Sqft
22 Carroll Avenue, Newport, RI 02840
Multi Family For Sale

Large two-family home in the Fifth Ward. Located centrally, this property would be perfect for both investors and owner-occupied buyers. The first floor features two large bedrooms, living room and dining room along with a large kitchen and plenty of cabinetry. There is also a small extra room off one of the bedrooms that could serve as an office or walk-in closet. The full bath is located adjacent to the kitchen. The second floor unit follows the same floor plan as the first floor unit, however, its bathroom is located where the extra room is in the first unit, with access to the bedroom and the hallway leading to its kitchen. The kitchen in this unit is larger and includes a window looking over the large back yard. This unit also features the original staircase from when the home was still a single family home. Its landing offers more living/storage space with a coat closet and room for furnishings. The unit has a set of stairs to the third floor where there are two small bedrooms, a large full bath and a wet bar. The third floor has central air conditioning. Owner is incapacitated, so some information on the property is not readily available. These apartments are under priced and could be rented for current rental rates.

$1,200,000Est. Payment
4 Beds | 4 Baths | 2,290 Sqft
6 Gladding Ct, Newport, RI 02840
Multi Family For Sale

4 BEDROOMS, 4 BATHROOMS IN THE POINTThis meticulously renovated house is at the end of a safe, quiet cul-de-sac with Off Street Parking for 4+ carsEach unit has 2 Bedrooms with Ensuite Bathrooms. Both are refurbished for today's living, with new appliances and Gas Fireplaces. Both have private outdoor space, updated plumbing and wiring and a new GAF Roof with a 50 Year Guarantee( 10/20)The 1st fl is one level living, with an open floor plan, large kitchen island, gas stove ,dishwasher, built in bookcases, laundry area. A private patio is steps from the front door. Plenty of windows and a gas fireplace make this a bright and charming place to live.Upstairs has a townhouse layout- a Living and Dining Room with cast iron gas fireplace. New Anderson sliding doors in both dining room and Kitchen lead out to a large deck with steps down to the garden. Kitchen has gleaming pine floors, 5 burner gas stove, dishwasher, double door refrigerator with ice maker. On this level, the Bedroom with Ensuite Bathroom has a seperate laundry area with new machines.On the third floor Bedroom has Ensuite Bathroom and dressing area. Ample closets, plenty of storage in the eaves, plus 3 remote controlled skylights with built in room darkening shades.A generous lawn with new fence, hydrangeas and other easy care plantings. Plenty of storage in the new shed !This home has an Excellent Rental History and could be easily converted to a Single Family

$519,000Est. Payment
4 Beds | 2 Baths | -- Sqft
20 Pennacook Street, Newport, RI 02840
Multi Family For Sale

Well maintained 2 family located in Newport's desirable North End neighborhood. Special features include 2 bedroom units, first floor living room with fireplace, gleaming hardwoods, washer/dryer, cozy front porch and a whole house generator. Spacious yard with new fence and a great 2 car garage. Perfect investment or owner occupied situation close to downtown Newport and the Navy Base.

$1,250,000Est. Payment
5 Beds | 3 Baths | -- Sqft
12 Pope Street, Newport, RI 02840
Multi Family For Sale

Two Family Duplex on Pope Street between Thames and Spring Street offering a fantastic Newport experience with walkability to all the city has to offer! Unit 12 is currently being refreshed with newly finished hardwood floors and paint throughout the unit. A blank canvas for a new owner! This side is comprised of living room, dining room and kitchen with butler pantry on the 1st floor. Upstairs is a large hall off which are two bedrooms and a full bath. High ceilings and large windows throughout the house that offers a grand feel. Unit 14 has been beautifully renovated with 3 levels of living! Open living/dining room with coffered ceilings. The kitchen sits at the back of the house with access to garden area. Truly a chefs paradise this kitchen has been well designed with a large center island great for cooking, but also entertaining. White Shaker cabinets, a large stainless-steel sink accompanied by stainless appliances, gas range, and even a pot filler faucet! Second floor is a master suite with a large walk-in closet and vanity with a sink! This spacious bathroom has a shower and Jacuzzi tub! Head up to the third floor and find and additional full bath, two bedrooms and a deck with views of Newport Harbor. Central Air though-out this unit. Currently a tenant in place until August 31st 2021. All utilities separately metered. One off street parking spot. Low maintenance outdoor space divided and private for each unit. Check out the virtual tour!

$825,000Est. Payment
4 Beds | 4 Baths | -- Sqft
33 Halsey Street, Newport, RI 02840
Multi Family For Sale

Investors! A rare Newport 4-family in an Opportunity Zone located within a quiet nieghborhood perfectly situated between downtown Newport and the upcoming North End economic developments. Sitting on a 10,000 sq ft lot, this property provides plenty of off street parking for each unit and the large side yard offers an ideal location to possibly build a decently sized garage. Each unit has separate electric, gas heat, and hot water, enabling tenants to be responsible for paying their own utilities. Many recent improvements, including 4 new gas boilers, 4 hot water tanks, and updated electrical and plumbing. Turn key, fully occupied building, with strong potential to support higher rents with minor interior upgrades.

$1,899,000Est. Payment
7 Beds | 6 Baths | -- Sqft
7 Cottage Street, Newport, RI 02840
Multi Family For Sale

Ideal owner-occupied income property or 1031 exchange opportunity. This 3-unit home underwent an extensive renovation in 2020 including a new roof, electrical, plumbing, heating systems, decks and new windows. The building affords modern amenities while restoring original period details and is in-town living at its finest. The first floor private unit will be ready for the new owners to enjoy all Newport has to offer this summer. Unit one is a well-appointed three bedroom, three bath apartment that lives like a home with its own private entrance and gas fireplace. It has a private fenced-in backyard, oversized deck, a garage space and an additional off-street parking space. Unit two is a three bedroom, two bath apartment with open-concept living/dining space and a gas fireplace. Private deck and access to a shared fenced-in yard. Unit 3 is a furnished one bedroom loft-style apartment plus office with private deck. In all units bathrooms are finished with marble tile and Kohler fixtures, kitchens have gas stoves and stainless-steel Samsung appliances. Each bedroom has its own flat-screen, wall-mounted smart TV and California Closets. Central air and laundry in units. Each unit is allocated 1 private garage bay and 1 off street parking space. Steps to Bellevue Avenue, downtown Newport, the Cliff Walk and First Beach, this turnkey building will afford you all of what Newport has to offer while you leave your car at home and walk everywhere.

$495,000Est. Payment
4 Beds | 4 Baths | 3,112 Sqft
15 Dudley Ave, Newport, RI 02840
Multi Family For Sale

NEWPORT DUPLEX!!! Located in a Central Location near One Mile Corner. Great Investment or Owner Occupy your first home with income. Both apartments have 2 bedrooms & 2 baths. Each unit has a master suite on the 2nd floor with its own private bath. Hard wood floors in the living rooms. Apartment B has oversize 1st floor bedroom freshly painted. Solarium area to private deck in between the bedroom and kitchen. Apartment A has a full basement with extra storage room, 200 amp electric & laundry area. Apartment B has a full basement new high efficiency boiler, 150 amp electric & laundry area. Low Maintenance property with replacement windows & vinyl siding. Well maintained property with all separate utilities. Large, private lot including a deck off each apartment and shed for both. Plenty of parking with separate driveways for both Apartments. Tenants in place with month to month leases for both apartments. Minutes to downtown Newport and Close to the base.

$1,749,000Est. Payment
7 Beds | 7 Baths | -- Sqft
12 Poplar Street, Newport, RI 02840
Multi Family For Sale

Your private compound is waiting to be discovered. This newly renovated home offers turn-key, modern living on an oversized lot in the esteemed Point neighborhood. Featuring a large main house, a guest cottage, and a modern in-law apartment. The main house has a first level primary suite featuring a walk-in closet, marble covered bathroom, and private sunroom. The open-concept kitchen and dining area are flooded with natural light. The kitchen has top of the line appliances, marble countertops, and a walk-in pantry. The living room is just off the dining area with two closets for additional storage. A grand staircase leads to the second level consisting of 3 bedrooms, 3 new bathrooms, and an additional living room. The third floor cupola can serve as a guest or exercise room. The main home has recently rejuvenated hardwood floors, high ceilings throughout, and a full interior renovation with new electrical and plumbing. The brand new in-law apartment has a kitchen, living room area, full sized marble bathroom, and bedroom. The cottage is a separate structure with its own private entrance. The 1 bedroom, 1 bath unit has an open floor plan and a strong rental history. Both one bedroom units are ideal spaces for guests, au pair living, or for additional rental income. The property has ample parking for 6 vehicles, a large private yard with mature, perennial gardens.

$1,100,000Est. Payment
6 Beds | 3 Baths | -- Sqft
74 Third Street, Newport, RI 02840
Multi Family For Sale

THIS is the Point home you have been searching for - one that offers great flexibility depending on your needs & lifestyle! This classic, well maintained LEGAL two family Victorian home w/1830+ square ft PLUS a 480 sq. ft bonus studio & secret garden is located in Newport's premier Point neighborhood just 2 blocks to the Bay and a short stroll to downtown Newport's shops, restaurants and wharves! Hear the fog horns, smell the salt air, and step back in time traversing narrow colonial streets lit with gas lamps. The main house consists of 2 apartments - the first floor apt. has 2 bedrooms, 1 bath, pine floors and an updated kitchen. The 2nd & 3rd floor create a 4-bedroom apartment with 2 full baths, beautiful hardwoods, exposed brick, a dramatic cathedral ceiling, updated kitchen and west facing balcony. A charming 2 level free-standing studio with bath/bedrm/loft and French doors opening to the courtyard was added in the 1990's. This property has operated over the years as an owner-occupied bed & breakfast, a registered guesthouse & Airbnb vacation rental with a very strong income history & glowing reviews. Property could convert to a single family home, with the studio serving as the second legal unit. One off-street parking spot (possible expansion potential to fit up to 2 small cars). Lovely curb appeal with custom stonework and award winning gardens - this is quintessential Newport!

$649,900Est. Payment
6 Beds | 2 Baths | -- Sqft
76 Kay Boulevard, Newport, RI 02840
Multi Family For Sale

Want to be minutes from the beach and earn rental income? Well, here is your opportunity. This beautiful duplex is in the heart of Newport and has all that you're looking for. Each unit features 3 bedrooms, 1 bath, and off-street parking. It is also minutes away from the downtown attractions, shopping, and also minutes away from Easton beach. The sale is subject to the owner finding suitable housing. Schedule an appointment today to experience this lovely multi-family property.

$995,000Est. Payment
4 Beds | 2 Baths | -- Sqft
119 Houston Avenue, Newport, RI 02840
Multi Family For Sale

Summer is just around the corner! Move in, or take advantage of Newports skyrocketing seasonal or yearly rental rates! Each two level, 1080 sq. ft. unit has two beds, one bath and a large basement (for storage or potential additional living space). The 'mirror image' layout also lends itself to a single-family conversion. The nearly quarter acre lot is not only rare, but offers a myriad of possibilities. Enjoy idyllic days and evenings from your front porch or either of the two decks. Dual driveways offer ample parking. Located in Newport's desirable Fifth Ward, just a short distance to King's Park and downtown Newport. Only minutes to parks, beaches, mansions and all that this lovely city has to offer. Immersive 3D tour available upon request. Tenants in place until May 31 and August 31 respectively.

$1,200,000Est. Payment
7 Beds | 3 Baths | -- Sqft
9 Narragansett Avenue, Newport, RI 02840
Multi Family For Sale

Well maintained three family in Newport's "5th" Ward. Handsome Mansard Style/Second Empire architecture with a three-car garage, large front porch and appealing back yard with patio. Owner-occupied for 21 years, great rental history. Close to local restaurants, cafes, parks, beaches. First and second floor apartments are approximately 1400 sq. ft. Third floor is about 1000 sq. ft. Roof was replaced three years ago, porch was rebuilt four years ago. Shed basement entrance as well as interior access.

$5,333Est. Payment
4 Beds | 1 Bath | 1,110 Sqft
37 Ann St # 1, Newport, RI 02840
Multi Family For Sale

Great location, walk to Thames Street and Bellevue. Newly renovated 1st floor apt with washer/dryer in unit. Spacious yard. Available for summer 2021 for $16,000.

$779,000Est. Payment
7 Beds | 4 Baths | -- Sqft
11 Calvert Street, Newport, RI 02840
Multi Family For Sale

Newport Multifamily with large units with good investment income. Great location in quiet neighborhood. 2 off street parking spaces, large roof deck, granite counters, stainless appliances and laundry on site/in unit. Minimal work is needed in this building. You will be happily surprised with the condition and size of this building. Building has 6-7 bedrooms and 4 bathrooms overall. Both units are occupied with good rental income. Unit 1 $1750 rent and unit 2 $2495 rent. Upstairs unit is sold mostly furnished.

$945,000Est. Payment
5 Beds | 6 Baths | -- Sqft
22 Freebody Street, Newport, RI 02840
Multi Family For Sale

This Home is Located in a Fabulous Location Across from the TENNIS HALL of FAME, Abutting TOPPA FEILD, a Block from BELLEVUE AVENUE , and minutes to the BEACH & DOWNTOWN! This property offers over 4,000 sq ft. of living with 5 Bedrooms & 5 Baths, a Two Car Garage - Carriage House & 6 Off Street Parking Spots. It is currently Zoned Commercial and being used as a Multi Family. Taxes are based on the commercial tax rate due to Inn status. Choose your use as a Single Family, Condo Conversion or the previous use of an Inn-B&B. Tenant leases through May 2021.

$3,200,000Est. Payment
8 Beds | 6 Baths | -- Sqft
23 Greenough Place, Newport, RI 02840
Multi Family For Sale

The Mary T. Porter House and the James C. Porter Cottage, both designed by Seth Bradford, architect of Chateau-sur-Mer, have been in the same family for over eighty years. One of the largest lots in the area, this grand historic stone estate sits on over an acre of land. The main house is comprised of 6 large units, there is also a separate charming 2000 sq ft carriage house and six garages. Many period details are still intact. Potential uses include conversion to upscale condos or an elegant single family home. Looking for a compound with an intown location? This is it! As it abuts listing #1276257 of 40 & 42 Catherine Street, offering two additional unique properties.

$575,000Est. Payment
5 Beds | 5 Baths | -- Sqft
62 Callender Avenue, Newport, RI 02840
Multi Family For Sale

Conveniently located just steps from Broadway this large two-family home offers off-street parking and separate utilities. The first-floor unit features hardwood floors, laundry, 2 large bedrooms, and 2 baths. The second unit has been recently renovated and it is a spacious 3 bedroom apartment with two floors of living space. This unit features a large master bedroom with a master bath, a half bath, and the kitchen on the main level, and on the second level, there are two bedrooms and a full bath.

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