$1,500,000

74 Third St Newport, RI 02840

Estimated payment $8,938/month

Total Views 15,680
6 Beds
4 Baths
2,313 Sq Ft
$649 Price per Sq Ft

Highlights

  • Marina
  • Golf Course Community
  • Wood Flooring
  • Guest House
  • Deck
  • 2-minute walk to Battery Park

About This Home

A rare opportunity in Newport's historic Point district this meticulously maintained multifamily offers three distinct living spaces just blocks from downtown Newport, the waterfront, and the harbor. The main house features a 1-bedroom, 1-bath first-floor unit, and a spacious 4-bedroom, 2-bath second/third-floor unit with living room, dining area, full kitchen, and a private deck. The detached, two-story converted barn studio offers an open layout with a lofted sleeping area, full bath, and kitchenette ideal for guests, rental income, or flexible living. The beautifully landscaped courtyard is a secluded oasis with mature plantings, stonework, wrought iron detailing, and historic charm. Off-street parking and recent updates throughout. Excellent investment or owner-occupant opportunity in a prime Newport location. Minutes to the harbor, Battery Park, Thames Street, and downtown shops and restaurants.

Listing Agent

Marisa Ferris

Residential Properties Ltd. License #RES.0034595 Listed on: 05/24/2025

Residential Properties Ltd.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,558

Year Built

  • Built in 1900

Home Design

  • Stone Foundation
  • Clapboard
  • Masonry
  • Plaster

Interior Spaces

  • 2,313 Sq Ft Home
  • 3-Story Property
  • Dry Bar
  • Skylights

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms
  • <<tubWithShowerToken>>

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 2 Parking Spaces
  • No Garage

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Patio
  • Outbuilding

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Heating System Uses Steam
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • 2,250 Sq Ft Lot
  • Guest House
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 012
  • Assessor Parcel Number 74THIRDSTNEWP

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • The Point Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Building Details

  • Operating Expense $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,558

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Business Type: Other
  • Lot Size Acres: 0.0517
  • Subdivision Name: The Point
  • Above Grade Finished Sq Ft: 2313.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Wood, Carpet
  • Interior Amenities: Bathtub, Dry Bar, Skylights, Tub Shower, Cable TV
  • Stories: 3
  • Window Features: Skylight(s)

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Masonry
  • Exterior Features: Deck, Patio
  • Foundation Details: Stone
  • Other Structures: Guest House, Outbuilding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: Ductless, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2250.0
  • Parcel #: 74THIRDSTNEWP

Green Features

  • Green Location: Public Transportation,Walkability

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 18000.0

Tax Info

  • Tax Annual Amount: 7558.0
  • Tax Lot: 012
  • Tax Map Number: 12
  • Tax Year: 2024

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
07/06/2025 07/06/25 For Sale $1,500,000 -- $649 / Sq Ft
Source: State-Wide MLS

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Source: State-Wide MLS

MLS Number: 1385762

State-Wide MLS

Rhode Island Newport County Newport 02840

74 Third St, Newport, RI

This home is located at 74 Third St, Newport, RI 02840 and is currently priced at $1,500,000, approximately $648 per square foot. This property was built in 1900. 74 Third 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.

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Copyright © 2025 State-Wide MLS, Inc. All rights reserved.

Nearby Homes
Listing Agent
Marisa Ferris
Section Image
Residential Properties Ltd.
(401) 298-9279