$1,795,000
UNDER CONTRACT

27 Franklin St Newport, RI 02840

Historic Hill Neighborhood

Estimated payment $10,261/month

Total Views 2,358
5 Beds
4 Baths
2,758 Sq Ft
$651 Price per Sq Ft

Highlights

  • Marina
  • Wood Flooring
  • Skylights
  • Water Views
  • Tennis Courts
  • 3-minute walk to Queen Anne Square

About This Home

The c1745 Benjamin Norton House is a well maintained, legal 4 unit in Historic Hill. Located steps from Thames St, this General Business zoned property is perfect for an investor, owner occupy, or short -term rental potential. The first floor offers (2) one-bedroom, one-bath units with great light, high ceilings, and plenty of space. Second floor offers a spacious 1200sf, two-bedroom, one bath unit. Third floor is another large one-bedroom, one bath unit. All units currently occupied. Other features include two tandem off-street parking spaces in the rear and a newer gas heating system.

Listing Agent

Mike Sweeney

Gustave White Sotheby's Realty Brokerage Phone: 401-849-3000 License #RES.0040637 Listed on: 08/02/2025

Gustave White Sotheby's Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,382

Year Built

  • Built in 1745

Home Design

  • Combination Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 2,758 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • 2,536 Sq Ft Lot
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 072
  • Assessor Parcel Number 2729FRANKLINSTNEWP

Community Details

Overview

  • 4 Units
  • Historic Hill Subdivision

Amenities

  • Shops
  • Restaurant

Recreation

  • Marina
  • Tennis Courts

Building Details

  • Operating Expense $13,115

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,382

Year Built

Built in 1745

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0582
  • Inclusions: Unit 1R @ $1200/mo. expires 4/30/26 Unit 1L @ $1000/mo. expires 4/30/26 Unit 2 @ $1600/mo. expires 9/1/25 Unit 3 @ $800/mo. expires 5/31/26 Shared driveway/ROW for property in rear.
  • Subdivision Name: Historic Hill
  • Above Grade Finished Sq Ft: 2758.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1745
  • Attribution Contact: 401-849-3000
  • Special Features: UnderContract

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Laminate, Vinyl
  • Interior Amenities: Skylights, Stall Shower, Tub Shower
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • Window Features: Skylight(s)

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Construction Type: Drywall, Plaster, Clapboard
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Near Schools, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2536.0
  • Parcel #: 2729FRANKLINSTNEWP
  • Zoning: GB

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 13115.0

Tax Info

  • Tax Annual Amount: 9382.0
  • Tax Lot: 072
  • Tax Map Number: 27
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2025 08/02/25 For Sale $1,795,000 +313.6% $651 / Sq Ft
08/28/2014 08/28/14 Sold $434,000 -11.2% $84 / Sq Ft
07/29/2014 07/29/14 Pending -- -- --
06/02/2014 06/02/14 For Sale $489,000 -- $94 / Sq Ft
Source: State-Wide MLS

Source: State-Wide MLS

MLS Number: 1391417

State-Wide MLS
Rhode Island Newport County Newport 02840 Historic Hill

27 Franklin St, Newport, RI

This home is located at 27 Franklin St, Newport, RI 02840 and is currently priced at $1,795,000, approximately $650 per square foot. This property was built in 1745. 27 Franklin St is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

State-Wide MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2025 State-Wide MLS, Inc. All rights reserved.

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Mike Sweeney
Listing Agent
Mike Sweeney
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Gustave White Sotheby's Realty
(401) 267-9364