$1,575,000
$100K PRICE DROP

Estimated payment $9,452/month

Total Views 46,092
8 Beds
3 Baths
4,234 Sq Ft
$372 Price per Sq Ft

Highlights

  • Deck
  • Balcony
  • Storm Windows
  • Wood Flooring
  • Skylights
  • 2-minute walk to Aquidneck Park

About This Home

Rare opportunity to own a well-maintained, income-producing property in a Prime Newport location. The property offers a strong year-round cash flow with a zero-vacancy history. The property has been professionally managed and maintained. Looking to the future, there is potential for an increase in both summer and winter rental income, along with the possible creation of a separate third unit/owners suite on the top floor. This spacious downtown two-family includes a single-level, three-bedroom first-floor unit. The second unit spans the second and third floors and features five bedrooms, two full bathrooms, and a deck. Additional highlights include separate utilities, newer gas heat, and a three-year-old roof. Enjoy an easy walk to restaurants, shops, the waterfront, and downtown Newport attractions.

Listing Agent

Teresa Tiernan

Compass Brokerage Phone: 401-835-0395 License #RES.0028018 Listed on: 05/23/2026

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,638

Year Built

  • Built in 1890

Lot Details

  • 1,742 Sq Ft Lot

Parking

  • No Garage

Home Design

  • Combination Foundation
  • Wood Siding
  • Plaster

Interior Spaces

  • 4,234 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Utility Room
  • Storm Windows

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

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

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Gas Water Heater

Community Details

  • 2 Units
  • Downtown Subdivision

Listing and Financial Details

  • Tax Lot 205
  • Assessor Parcel Number 9ANNSTNEWP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,638

Year Built

Built in 1890

Lot Details

1,742 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.04
  • Subdivision Name: Downtown
  • Above Grade Finished Sq Ft: 4234.0
  • Architectural Style: Stacked
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1890
  • Attribution Contact: 401-835-0395
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Interior Steps, Skylights, Stall Shower
  • Dining Room Type: Laundry, Utility Room
  • Stories: 3
  • Window Features: Skylight(s), Storm Window(s)

Exterior Features

  • Construction Type: Drywall, Plaster, Wood Siding
  • Exterior Features: Balcony, Deck
  • Foundation Details: Combination
  • Patio And Porch Features: Balcony, Deck

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1742.0
  • Parcel #: 9ANNSTNEWP
  • Zoning: R-10

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 8638.0
  • Tax Lot: 205
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,638 $994,100 $331,200 $662,900
2024 $8,172 $994,100 $331,200 $662,900
2023 $6,262 $631,300 $216,500 $414,800
2022 $6,067 $631,300 $216,500 $414,800
2021 $5,890 $631,300 $216,500 $414,800
2020 $5,211 $506,900 $216,300 $290,600
2019 $5,211 $506,900 $216,300 $290,600
2018 $5,064 $506,900 $216,300 $290,600
2017 $4,503 $401,700 $154,800 $246,900
2016 $4,391 $401,700 $154,800 $246,900
2015 $4,286 $401,700 $154,800 $246,900
2014 $3,667 $304,100 $131,500 $172,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2026 07/07/26 Price Changed $1,575,000 -6.0% $372 / Sq Ft
05/23/2026 05/23/26 For Sale $1,675,000 +163.8% $396 / Sq Ft
06/26/2020 06/26/20 Sold $635,000 -5.9% $153 / Sq Ft View Prior Sale
05/27/2020 05/27/20 Pending -- -- --
01/08/2020 01/08/20 For Sale $675,000 +9.8% $163 / Sq Ft
11/21/2017 11/21/17 Sold $615,000 -5.4% $261 / Sq Ft View Prior Sale
10/22/2017 10/22/17 Pending -- -- --
08/22/2017 08/22/17 For Sale $649,900 +20.4% $275 / Sq Ft
10/08/2013 10/08/13 Sold $540,000 -1.8% $229 / Sq Ft View Prior Sale
09/08/2013 09/08/13 Pending -- -- --
08/13/2013 08/13/13 For Sale $549,900 -- $233 / Sq Ft
Source: State-Wide MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $615,000 --
Warranty Deed $540,000 --
Deed $310,000 --
Deed $440,000 --
Deed $285,000 --
Warranty Deed $130,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $476,250 Stand Alone Refi Refinance Of Original Loan
Closed $535,000 New Conventional
Previous Owner $432,000 Adjustable Rate Mortgage/ARM
Closed $50,000 No Value Available
Previous Owner $356,000 No Value Available
Previous Owner $44,500 No Value Available
Previous Owner $396,000 No Value Available
Previous Owner $290,000 No Value Available
Closed $197,100 No Value Available
Source: Public Records

Source: State-Wide MLS

MLS Number: 1412990

State-Wide MLS

APN: NEWP-000027-000000-000205

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