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Newport, RI Multifamily Homes & Duplexes for Sale

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  • /49

    $1,800,000

    • 7 Beds
    • 4.5 Baths
    • 5,312 Sq Ft

    1 Pell St, Newport, RI 02840

    Tucked off Kay St, this side by side two family home is a perfect fit for rental income, multi-generational living or guest accommodations. Each unit spans 3 levels, includes it's own private patio and features hardwood floors throughout.The exterior has been freshly painted and welcomes you with a charming front porch and one parking spot for each unit. Left Side Residence (4 Bedrooms, 2

    Teri Degnan Teri Degnan RE & Consulting

    1 Pell St, Newport, RI 02840
  • /33

    $1,275,000

    • 6 Beds
    • 3 Baths
    • 2,458 Sq Ft

    98 John St, Newport, RI 02840

    Historic Hill Townhouse just steps to Bellevue Avenue and two blocks to Newport Harbor. Located on a quiet tree-lined street, this property is configured as two units. Both units feature tall ceilings, hardwood floors, stained-glass windows, and large sunny rooms. The first floor unit offers a spacious living area with large windows kitchen, a large bedroom and a full bath and laundry. The

    Tina Wiley Gustave White Sotheby's Realty

    98 John St, Newport, RI 02840
  • /37

    $1,400,000

    • 8 Beds
    • 3 Baths
    • 3,358 Sq Ft

    5 Elliot Place, Newport, RI 02840

    Excellent investment opportunity in Newport's sought-after Upper Broadway neighborhood. This well-maintained Victorian three-family offers over 3,300 sq. ft. of living space and blends historic character with smart updates, including a newer roof, siding, windows, and utilities. Each unit features high ceilings, great natural light, and strong rental potential. Flexible options to occupy one unit

    Alex Nunes Serhant New England

    5 Elliot Place, Newport, RI 02840
  • /47

    $1,350,000

    • 5 Beds
    • 3 Baths
    • 2,552 Sq Ft

    32 Houston Ave, Newport, RI 02840

    Rare three-family home in Newport's Fifth Ward set on an oversized 8,500+ square foot lot, just six doors from King Park and Newport Harbor. A short walk brings you to Thames Street, downtown, and some of the area's best dining, shops, beaches, NYYC, Ida Lewis YC, and more. One of Newport's most walkable and desirable coastal neighborhoods. The property features an updated first-floor

    Tyler Bernadyn RE/MAX Results

    32 Houston Ave, Newport, RI 02840
  • /32

    $1,200,000

    • 4 Beds
    • 2 Baths
    • 1,331 Sq Ft

    629 Thames St, Newport, RI 02840

    Located on iconic Thames Street in the heart of Newport, this fully updated two-unit multifamily offers strong income potential and an unbeatable location just steps to shops, restaurants, and the waterfront.The property consists of two units: one 3-bedroom, 1-bath and one 1-bedroom, 1-bath. Both units have been renovated with updated kitchens featuring new cabinetry, granite countertops, and

    Slocum Home Team eXp Realty

    629 Thames St, Newport, RI 02840
  • /50

    $1,400,000

    • 5 Beds
    • 3 Baths
    • 2,313 Sq Ft

    74 Third St, Newport, RI 02840

    Create your coastal dream home in one of Newport's most charming neighborhoods. Located in Historic Point, the property includes a 2-unit main residence, easily convertible into a single-family home, as well as a bonus converted-barn outbuilding to customize and adapt into guest quarters, a creative studio, a home office, or whatever your heart desires. The main house's first level is a 1-bedroom

    Marisa Ferris Residential Properties Ltd.

    74 Third St, Newport, RI 02840
  • /47

    $2,200,000

    • 9 Beds
    • 5 Baths
    • 6,330 Sq Ft

    130 Spring St Unit 132, Newport, RI 02840

    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

    Teri Degnan Teri Degnan RE & Consulting

    130 Spring St Unit 132, Newport, RI 02840
  • /45

    $1,595,000

    • 4 Beds
    • 4 Baths
    • 2,302 Sq Ft

    19 Third St, Newport, RI 02840

    This is a rare opportunity to own two historic homes in Newport's oldest waterfront community, the beloved Historic Point neighborhood. Residents enjoy quick, walk-able access to all that Newport offers, along with two waterfront public parks and several public water-access causeways. The Baxter and Gladding cottages both dating to the mid-nineteenth century are connected by a shared common room

    Richard Grosvenor BHHS Commonwealth Real Estate

    19 Third St, Newport, RI 02840
  • /20

    $1,195,000 Open Sun 12PM - 1:30PM

    • 6 Beds
    • 3.5 Baths
    • 2,098 Sq Ft

    16 Dean Ave, Newport, RI 02840

    Beautiful furnished two-family within walking distance to the Easton's beach, the Cliff walk, restaurants, and downtowns shops on Thames street. This well-maintained residence is in one of Newport's most desirable pockets, offering a rare opportunity for owner-occupants and investors alike. Unit 1 is on the first floor and consists of 2 beds, 1 full-bath, and 1 half-bath. Unit 2 is on floors 2

    Shiv Patel Edge Realty RI

    16 Dean Ave, Newport, RI 02840
  • /39

    $1,775,000

    • 4 Beds
    • 3.5 Baths
    • 2,580 Sq Ft

    2 Perry St, Newport, RI 02840

    Beautifully maintained mixed-use property in a prime Spring Street location. The street level features two office spaces, with two residential units above. Accessed via a private rear courtyard, the second-floor residence offers two bedrooms and two baths, granite countertops, stainless steel appliances, and in-unit laundry. One bedroom is configured as a private efficiency suite with its own

    Mike Sweeney Gustave White Sotheby's Realty

    2 Perry St, Newport, RI 02840
  • /36

    $2,350,000

    • 6 Beds
    • 6.5 Baths
    • 4,012 Sq Ft

    12 Poplar St, Newport, RI 02840

    Welcome to Poplar Point, a beautifully renovated residence set on an oversized lot in Newport's coveted Point neighborhood offering rare space, flexibility, and refined coastal living. The bright main home features high ceilings, hardwood floors, and abundant natural light. The kitchen is appointed with top-of-the-line appliances, marble countertops, and a walk-in pantry, opening to comfortable

    Lauren Mailloux Our Real Estate

    12 Poplar St, Newport, RI 02840
  • /15

    $995,000

    • 6 Beds
    • 2 Baths
    • 2,350 Sq Ft

    15 Kilburn Ct, Newport, RI 02840

    Nestled on the quiet, dead-end of Kilburn Court street, this charming two-family residence offers the ultimate Newport lifestyle with incredible investment updated. Located right off Broadway Street close to upper Thames, the property is within close walking distance to shops, restaurants, and Downtown. The two units have identical three bedroom layouts. The first floors consists of the kitchen,

    Shiv Patel Edge Realty RI

    15 Kilburn Ct, Newport, RI 02840
  • /50

    $2,099,000

    • 4 Beds
    • 4 Baths
    • 2,748 Sq Ft

    13 Sherman St, Newport, RI 02840

    Set in one of Newport's most vibrant downtown locations, this exceptional four-family residence places you just moments from the city's top dining, shopping, and waterfront attractions. This building was comprehensively reimagined in 2022, delivering modern design while honoring elements of its historic character. The property is offered fully furnished and presents a rare turnkey investment or

    Tammy Bass Serhant New England

    13 Sherman St, Newport, RI 02840
  • /20

    $830,000

    • 4 Beds
    • 2 Baths
    • 1,764 Sq Ft

    1 Shangri-La Ln, Middletown, RI 02842

    Completely renovated from top to bottom, this impressive side-by-side duplex offers a perfect balance of modern design, comfort, and versatility ideal for both owner-occupants and savvy investors alike. Ideally located just off Boulevard, less than 3 miles from First and Second Beach and only 1 mile from downtown Newport, it's a rare opportunity to own a fully updated property in one of Aquidneck

    Natalie Hurney Residential Properties Ltd.

    1 Shangri-La Ln, Middletown, RI 02842

Why Live in Newport

Newport, RI, located on Aquidneck Island, is a coastal city with a rich history dating back to 1639. Known for its Gilded Age mansions and walkable waterfront shopping and dining district, Newport attracts residents and visitors alike with its historic architecture, food, beaches, museums, and big events. The city is renowned as the "sailing capital of the world," offering multiple boat access points on Narragansett Bay. Homes in Newport range from 17th-century Colonials to modern additions, including Cape Cods and Victorians, with some larger properties converted into condos. The Newport Mansions along Bellevue Avenue are a significant attraction, with some open for public tours. The 3.5-mile Cliff Walk trail provides scenic ocean views and passes by many historic properties. High-end shopping and dining are concentrated around Thames Street, Spring Street, and Broadway, with notable attractions like the Newport Art Museum, Audrain Auto Museum, and the International Tennis Hall of Fame nearby. Easton Beach, also known as First Beach, offers swimming and amenities, though seaweed can occasionally be an issue. Battery Park is a popular spot for sunset views. Newport hosts numerous events, including the St. Patrick's Day Parade, Folk Festival, and the renowned Newport Jazz Festival at Fort Adams State Park. The city is served by the Newport Public Schools system, with a new high school building set to open in 2025. Highly rated private schools include St. George's School and St. Michael's Country Day School. Salve Regina University and the U.S. Naval War College are also located here. Transportation options include bus service provided by RIPTA, bridges, and seasonal ferry service. Flooding can be a concern in certain areas during storm surges.

Home Trends in Newport, RI

Housing Trends

Median Sale Price
$1,177,500
Median Single Family Sale Price
$1,400,000
Median Townhouse Sale Price
$2,200,000
Median 2 Bedroom Sale Price
$785,000
Median 1 Bedroom Sale Price
$504,000
Average Price Per Sq Ft
$792
Number of Homes for Sale
54
Last 12 months Home Sales
230
Months of Supply
2.80
Median List Price
$1,250,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
29%
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