Newport RI Multi-Family Real Estate, Homes for Sale

Located in the heart of Newport's vibrant Lower Thames Street district, 624-626 Thames Street presents a rare opportunity to own a three-unit income-producing property in one of the city's most desirable locations. Updated living spaces blend modern finishes with Newport charm, while the first-floor unit is currently configured for residential use and offers additional value-add potential. Off-street parking for up to five vehicles and a detached garage provide amenities rarely found downtown. Significant property improvements include a new roof in 2022, replacement of the boiler and hot water tank in 2023, and updated electrical service. Situated just steps from Newport Harbor, renowned restaurants, shopping, and attractions, the property offers exceptional flexibility and income potential while combining residential versatility with commercial potential in the Limited Business (LB) Zone, creating opportunities for future use and configuration subject to buyer due diligence and applicable approvals. Property benefits from a valid Transient Guest Facility license, allowing for legal short-term rental operations in accordance with applicable state and local regulations.

626 Thames Street, Newport

Listing courtesy of Our Real Estate. Contact:

$1,325,000

6 Beds ⋅ 4 Baths

Welcome to 31 Prescott Hall a stunning, newly constructed two-family residence nestled in Newport, Rhode Island. This exceptional property seamlessly blends modern design with comfortable living, offering a rare investment opportunity or the ideal setup for owner-occupants seeking rental income. It is also a wonderful option for those looking to keep extended family close, provide a private space for visiting guests, or create a flexible multi-generational living arrangement while maintaining privacy. Thoughtfully designed with hardwood floors throughout, abundant natural light, and brand-new finishes, appliances, and amenities, every space feels bright, welcoming, and move-in ready. The larger upper unit features soaring vaulted ceilings, four bedrooms, two full bathrooms, and mini-split heating and cooling throughout, creating an open and airy living environment. The first-floor unit offers two bedrooms and two full bathrooms with the same high-quality finishes. Outside, enjoy a generous, fully fenced backyard complete with an outdoor dining area and fire pit perfect for entertaining family and friends. Ideally located just minutes from the Newport Bridge, the home is within walking distance of favorite local spots like CHOMP and Nitro Bar, while also being moments from the waterfront, including swimming at Van Zandt Pier, Newport Shipyard, and several nearby marinas making it an exceptional location for enjoying Newport's coastal lifestyle.

31 Prescott Hall Road, Newport

Listing courtesy of Kirby & Kirby. Contact:

$1,495,000

4 Beds ⋅ 2 Baths

Perfectly positioned just steps from Thames Street, 17 Dearborn offers an exceptional opportunity to own in the heart of Newport's coveted Yachting Village. Moments from renowned restaurants, boutique shopping, the harbor, and the city's vibrant cultural scene, this property embodies the very best of downtown living. Recently renovated, this two-family residence offers both immediate appeal and remarkable versatility. Ideal as an investment property, an elegant in-town retreat, or a future single-family residence, the home presents a rare combination of flexibility and enduring value. The first-floor residence features two bedrooms and one full bath, while the upper townhouse-style residence spans two levels, offering generous living space with the potential to expand by dormering the third level. Each unit is independently metered and includes its own private laundry. A rare luxury in downtown Newport, the property boasts an expansive, private backyard an inviting setting for outdoor entertaining. Parking for scooters and golf carts adds to the home's exceptional convenience, making it easy to enjoy Newport's celebrated waterfront lifestyle. Offering an unrivaled location, thoughtful renovations, and exceptional future potential, 17 Dearborn represents a truly rare opportunity in one of Newport's most desirable and enduring neighborhoods. Please note select photos have been virtually staged. All kitchen appliances to be installed within 2 weeks.

17 Dearborn Street, Newport

Listing courtesy of SERHANT.. Contact:

$895,000

5 Beds ⋅ 3 Baths

Turnkey 2-family investment opportunity in a prime Newport location. Offering three levels of living space, this well-maintained multi-family property presents strong income potential with a proven rental history. Ideally situated near Broadway, the property provides great walkability and convenient access to local restaurants, shops, and everyday amenities, as well as close proximity to the Newport Naval Station, downtown Newport, and area beaches. The layout offers flexibility for both investors and owner-occupants seeking rental income. Additional highlights include separate utilities, basement storage and the potential to create off-street parking, adding further value. A rare opportunity to own a move-in ready multi-family property in one of Newport's most desirable and high-demand rental markets.

24 Pond Avenue, Newport

Listing courtesy of RE/MAX Results. Contact:

$1,898,000

4 Beds ⋅ 4 Baths

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 lifestyle opportunity. Each unit is filled with natural light and thoughtfully finished, featuring elevated ceilings, refined bathrooms with custom tile work and rain-style showers, and contemporary kitchens outfitted with stainless steel appliances, quartz surfaces, soft-close shaker cabinetry, and beautiful tile details. Restored hardwood flooring runs throughout, adding warmth and continuity to the interiors. The property is well-equipped with individual utilities, gas-fired heating systems, newer hot water tanks, air conditioning, and in-unit laundry in all residences. Outdoor spaces include rear decks and assigned off-street parking for four vehicles. Additional amenities include private unit entrances and shared basement storage. With proven rental performance across all units, this property presents multiple strategies owner occupancy with supplemental income, full investment, or future condominium conversion potential.

13 Sherman Street, Newport

Listing courtesy of SERHANT.. Contact:

$1,675,000

6 Beds ⋅ 5 Baths

This stately 15-room residence, encompassing over 3,500 square feet, is centrally located in Newport on a lot exceeding 7,700 square feet within the highly sought-after Bellevue Ave/Kay Street/Broadway locale. First time offered in over 20 years, legal two-family dwelling, the property features a primary first-floor unit offering two bedrooms with two en suite full baths, complemented by an upper-level apartment with four bedrooms and three bathrooms, on two floors providing ideal flexibility for multi-generational or in-law accommodation. The home benefits from numerous recent enhancements, including a NEW 5 ZONE GAS FURNACE, WATER HEATER AND 1st FLOOR DISHWASHER, while preserving historic Victorian architectural details such as oversized moldings, the original main stairway, custom kitchen cabinetry and island, and stainless steel appliances. The expansive lot, secluded by privacy hedges, presents a substantial rear yard ideal for outdoor entertaining, complete with stone hardscaping, grilling area, an oversized storage shed, and parking capacity for five vehicles. Exceptional proximity to Bellevue Avenue and the Broadway districts, offering fine dining, shopping and Newport Harbor within a short walking distance away. 15 AYRAULT is priced to sell As-Is.

15 Ayrault Street, Newport

Listing courtesy of Hogan Associates Christie's. Contact: 401-447-7397

$7,500,000

13 Beds ⋅ 12 Baths

Designed by renowned architect Dudley Newton, this extraordinary stone carriage house, set on over acre, is a rare blend of architectural significance and timeless character, owned by the same family for 140 years. Originally built as the stable and staff quarters for a grand estate, this landmark building was thoughtfully transformed into three exceptional four-bedroom residences complemented by private patios adorned with manicured hedges, hydrangeas, specimen plantings, and stone walls. Each unit possesses its own distinct architectural detail with classic finishes and d cor featuring soaring 12-foot ceilings, floor-to-ceiling sliding barn doors, stunning wood paneling and exposed stonework and beams. The property offers exceptional flexibility ideal as a multigenerational estate, an income producing investment or private family compound. Two residences can also be combined to create a larger home while preserving a separate unit for guests, staff, or a rental residence. A truly unique opportunity where historic grandeur, sophisticated design, and modern comfort come together in one of the area's most distinctive properties.

2 Hazard Avenue 4, Newport

Listing courtesy of Gustave White Sotheby's Realty. Contact: 401-849-3000

$1,350,000

5 Beds ⋅ 3 Baths

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 three-bedroom unit with in-unit laundry, along with two well-maintained one-bedroom units on the second and third floors. Two of the three units currently have leases in place, offering immediate income with flexibility moving forward. Whether maintained as a multi-family investment, repositioned to increase rental potential, or converted into a larger single-family residence, the property offers multiple paths depending on your goals. The expansive lot provides ample off-street parking and presents additional opportunity for outdoor improvements, a garage, or future expansion. A strong offering in a PRIME location, with both current income and long-term upside

32 Houston Avenue, Newport

Listing courtesy of RE/MAX Results. Contact:

$4,500,000

10 Beds ⋅ 12 Baths

Presenting the Samuel Durfee House. A once in a lifetime opportunity to own an iconic property, downtown compound, and hospitality asset in the heart of Newport. Located in the Yachting Village, this rare and unique offering includes three distinct buildings on a large land footprint for this neighborhood. At its center is 352 Spring Street, an English Federal Period inn built in 1803 featuring five historically appointed guest rooms and a rare Transient Guest Facility license, allowing for legal short term rentals. Also included is an exceptional three bedroom, three and one half bath barn residence, meticulously restored and recognized with a Doris Duke Historic Preservation Award in 2016, along with 9 Bowery Court, a charming two bedroom, one and one half bath cottage situated on its own separately taxed parcel. Lovingly maintained over the past 28 years, the property has benefited from substantial investments in its systems, mechanicals, exterior components, and curated preservation of the buildings. The Samuel Durfee House is also not subject to Historic District Commission review for any exterior alterations. With off street parking for 10+ vehicles, including an attached single-car garage, and an unrivaled location just moments from Bellevue Avenue, the Tennis Hall of Fame, Newport Mansions, shops/bars/restaurants on Thames Street, Newport Harbor, and the city's renowned waterfront, this is a truly exceptional offering unlike anything else on the market.

352 Spring Street, Newport

Listing courtesy of RE/MAX Results. Contact:

$979,000

6 Beds ⋅ 2 Baths

Turnkey Investment Opportunity in a Prime Location! This meticulously maintained 2-family home is ideally situated near the Navy Base and just minutes from Broadway and Downtown Newport. The property features a beautifully renovated first-floor unit, currently tenant-occupied, offering immediate rental income or the potential for future owner occupancy. The updated second and third floors comprise a spacious townhouse-style unit with four bedrooms, a living room, and an eat-in kitchen, and is also currently rented. Additional highlights include two off-street parking spaces, a private rear patio, separate utilities, and newer heating systems. With strong rental appeal and excellent condition throughout, this property presents a rare turnkey investment opportunity. Don't miss your chance to own this exceptional multi-family home!

82 Burnside Avenue, Newport

Listing courtesy of CARTY REALTY. Contact:

$820,000

4 Beds ⋅ 3 Baths

Outstanding one level duplex with a spacious yard. Unit A is 2 bedrooms with 2 baths, unit B has two bedrooms one bath. Both sides feature a fireplace, hardwood floors and a large kitchen. Full divided basement. The current rents are $2,500 and $2,000 or $54,000 per year . Rents could be higher with some cosmetic changes. Nice large lot provides for future expansion possibilities. Ample of parking. This is an excellent property for owner occupied or yearround rental. It's close to the Naval Station, downtown Newport and water access.

23 Butler Street, Newport

Listing courtesy of Flagship Real Estate Advisors. Contact:

$1,275,000

2 Beds ⋅ 2 Baths

Rare mixed-use investment opportunity in the heart of Newport's thriving Broadway district. Positioned on a highly visible corner lot, 440 Broadway offers a compelling combination of commercial and residential income potential in one of the city's most desirable and walkable neighborhoods. The property features a fully built-out professional office space on the first floor, currently occupied by a well established dental practice with three exam rooms, laboratory, private office, reception area, waiting room, bathroom, and storage. The dental business is not included in the sale of the real estate and will be sold separately. The second-floor residential unit consists of a bright and spacious two-bedroom, one-bath apartment with hardwood floors, high ceilings, abundant natural light, and a private deck. The residential component provides additional income potential and strong rental appeal in Newport's historically supply-constrained housing market. Additional features include a detached two-car garage, two additional off-street parking spaces, private yard, full basement, and walk-up attic offering valuable storage and operational flexibility. The corner-lot location provides excellent visibility, accessibility, and long-term investment appeal. Whether added to an existing portfolio or acquired as a strategic owner-user investment, 440 Broadway presents a unique opportunity to own a versatile mixed-use asset in one of Newport's most established commercial corridors.

440 Broadway, Newport

Listing courtesy of Compass. Contact: 608-628-9283

$2,200,000

6 Beds ⋅ 5 Baths

Steeped in Newport history, this remarkable circa-1750 property is believed by local tradition to be the first duplex in America, a rare and significant example of Colonial-era multifamily architecture. Built by brothers Joseph and William Cozzens, a hat maker and a wig maker, it retains an extraordinary collection of original period details. One of the "Operation Clapboard" original restorations, it was purchased in 1965 by the current owners, who lovingly restored it as a demonstration project and it has appeared in many books, magazines, and newspaper articles. Distinctive among Newport Colonials, this Gambrel features 12 fireplaces with deft tile surrounds, generously scaled rooms with high ceilings, and original staircases with ornate period detail. Both sides have formal living rooms, dining rooms, and a study with built-in bookcases, plus two bedrooms and a full bath. 59 Farewell also has a finished third floor with two bedrooms and a bath. Outside, a charming secret garden enclosed on two sides by a tall paneled fence offers a private retreat, while dedicated parking on either side serves both residences. Easy access to downtown Newport is a bonus. This is an exceptional opportunity to own a truly historic landmark. Not in the Historic District, allowing new owners flexibility with renovations. Property can be 2 condos without needing zoning approval, a great investment opportunity. This property is being sold AS IS, pre-inspection report available.

57 Farewell Street, Newport

Listing courtesy of Gustave White Sotheby's Realty. Contact: 401-849-3000

$6,800,000

5 Beds ⋅ 5 Baths

Offered for the first time in 50 years, this remarkable 1.6-acre Ledge Road property features a three-bed primary residence and a separate two-bed rental cottage in all, a legal two-family lot with noteworthy flexibility in a tried-and-true upscale residential Newport neighborhood. Tucked into a private expanse of green grass and towering trees behind the iconic southernmost bend of Bellevue Avenue, Tree Haven enjoys endless possibility in a locale that will never lose its coveted status among Newport's premiere addresses. A stone's throw from Bailey's Beach and the southwest terminus of the Cliff Walk, the Atlantic Ocean beckons from across the street. This listing radiates privacy, sophistication and temperament, a once-in-a-lifetime opportunity.

18 Ledge Road, Newport

Listing courtesy of Gustave White Sotheby's Realty. Contact: 401-849-3000

$1,350,000

5 Beds ⋅ 4 Baths

THIS PROPERTY IS BEING SOLD AS-IS. Two-family gem with unlimited potential - this diamond in the rough is a rare find steps from the iconic Cliff Walk and minutes from shopping, dining and neighborhood amenities. Solid bones, new gas heating system in 2024 as well as new unit 2 appliances and flexible layout offer endless possibilities for owner-occupiers, investors, or someone ready to renovate and unlock significant value. Each unit features bright, airy rooms and classic architectural details waiting to be refreshed; imagine modern kitchens, spa-inspired baths, and thoughtful finishes that maximize rental income or create a luxurious two-family retreat. Off-street parking, a private yard, and proximity to waterfront complete the package. Bring your vision and tools - this property is poised for transformation into a standout coastal residence or high-return investment in one of the area's most desirable locations. Don't miss the chance to make this diamond shine.

4 Dresser Street, Newport

Listing courtesy of REMAX Revolution. Contact:

$1,385,000

8 Beds ⋅ 3 Baths

Just off upper Broadway, this home features 3 units, two spacious 3-bedroom apartments and an updated 2-bedroom apartment, all featuring modern upgrades. Recent renovations include a roof, siding, windows, electrical, plumbing, and heating systems. 5 off-street parking spaces, EV charger, a 2-car garage, deck and garden area. Strong rental history, within close proximity to Broadway's restaurants and shops, the U.S. Naval War College, and convenient highway access. A great turnkey property for investors or owner-occupants.

5 Elliot Place, Newport

Listing courtesy of Edge Realty RI. Contact:

$1,860,000

8 Beds ⋅ 3 Baths

Located in one of Newport's most desirable and walkable neighborhoods, this well-maintained 8-bedroom, 3-bath property offers an outstanding opportunity for investors and owner-occupants alike. Just steps from Newport's vibrant downtown, renowned restaurants, waterfront attractions, and local amenities, the location is second to none. This spacious home features eight bedrooms, three full baths, and a flexible floor plan with strong income-producing potential. Meticulously cared for over the years, the property combines classic Newport charm with the convenience of being within walking distance of everything the city has to offer. Whether you're seeking a high-performing investment property, seasonal rental opportunity, multi-generational residence, or a combination of personal use and rental income, this versatile property presents endless possibilities in a highly sought-after market. Enjoy the best of coastal living in the heart of Newport where historic charm, beautiful waterfronts, world-class dining, and year-round attractions are right outside your door.

34 Bull Street, Newport

Listing courtesy of William Raveis Inspire. Contact:

$975,000

4 Beds ⋅ 4 Baths

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 33 Halsey Street in Newport, RI (the Property ). The two-story building contains four (4) 1-Bedroom/1-Bathroom units with 2,992 square feet of gross living area in 3,209 square feet of gross area. The Property is situated upon a 0.23-acre parcel and features five (5) off-street parking spaces. 33 Halsey Street is well-positioned in the residential core of Newport, offering convenient access to the city's vibrant downtown waterfront, historic districts, and neighborhood retail corridors. The property benefits from strong connectivity to key local thoroughfares including Broadway and Memorial Boulevard, with close proximity to Rhode Island Routes 138 and 114, providing efficient access throughout Aquidneck Island and to the mainland via the Claiborne Pell Newport Bridge.

33 Halsey Street, Newport

Listing courtesy of Horvath & Tremblay. Contact:

$1,299,999

3 Beds ⋅ 3 Baths

Thoughtfully renovated two-unit multi-family home with an oversized yard, perfect for various living arrangements or investment opportunities. This property has excellent curb appeal and offers a modern living with air conditioning, stunning sawn-face white oak and hickory floors throughout and in-unit laundry facilities as well as newly added off-street parking. The upper unit is a two-bedroom, two-bathroom duplex featuring two spacious decks with breathtaking bridge views with a true primary oasis on the upper level. The first-floor unit features one bedroom, one bathroom, and a versatile office space with views of the back yard. Each unit boasts separate outdoor spaces, ensuring privacy and comfort. Enjoy the convenience of off-street parking for four vehicles, making urban living hassle-free. The home is equipped with efficient separate heat/ac as well as separate water meters for each unit. A large full basement provides ample storage space with easy exterior access. Situated close to the vibrant Newport scene and the Navy base, this property is a perfect fit for owner-occupants, multi-generational living setups, or investors seeking a valuable addition to their portfolio. Current leases in place until Dec 31,2026

7 Sheffield Avenue, Newport

Listing courtesy of Lila Delman Compass. Contact: 401-338-3771

$1,575,000

8 Beds ⋅ 3 Baths

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.

9 Ann Street, Newport

Listing courtesy of Compass. Contact: 401-835-0395

$1,195,000

6 Beds ⋅ 3 Baths

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 second-floor unit has two full floors of living space. An eat-in kitchen with pantry, as well as south facing living/dining area, one large bedroom, and bath with a beautiful claw foot deep soaking tub/shower. The second floor of this unit has an additional 4 bedrooms and full bath. Other amenities include a laundry area and private fenced-in brick patio with mature landscaping. The basement is completely waterproofed, dry and provides ample space for storage. Both units are on separate utilities. Enjoy Newport's museums, mansions, galleries, fine dining, shopping and historic Cliff Walk. Great rental history. Also listed as a Single Family MLS#1409174

98 John Street 100, Newport

Listing courtesy of Gustave White Sotheby's Realty. Contact: 401-849-3000

$2,185,000

6 Beds ⋅ 7 Baths

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 living and dining spaces and a desirable first-floor primary suite with en-suite bath, walk-in closet, and enclosed front porch. Upstairs are three additional bedrooms, three full bathrooms, and a second living area, while the third-floor cupola offers flexible space for an office, guest room, or fitness area. The property includes multiple distinct living spaces, including a private apartment with its own entrance, as well as 12 1/2 Poplar Street, a detached one-bedroom, one-bath cottage with its own heating, electric, and water line that has been successfully rented for years and is equally suited as a guest house, studio, or home office. A very large basement provides exceptional storage and utility space. Set on one of the larger lots in The Point with beautifully landscaped grounds and generous off-street parking, the property offers a rare opportunity to spread out, entertain, and enjoy Newport's coastal lifestyle just moments from the harbor, waterfront parks, and downtown. Also listed as Single Family #1406665

12 Poplar Street, Newport

Listing courtesy of Our Real Estate. Contact:

$1,800,000

7 Beds ⋅ 5 Baths

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 Bathrooms) The first floor includes a spacious living room with pocket doors, separate dining room, compact functional kitchen with patio access. The second level offers 3 bedrooms and a full bath with walk-in shower. On the third level, a quaint bedroom is paired with a large bathroom featuring a soaking tub. Right Side Residence (3 Bedrooms, 2 Bathrooms) The first floor features a living room with pocket doors, an open kitchen and dining area and access with patio access and a half bath. The second level offers 2 bedrooms, a beautifully tiled bathroom with walk-in shower. One of the bedrooms has an attached sun room, ideal as a sitting area, dressing room or playroom. The third level boasts a large bedroom with a walk-in closet and a bathroom with a soaking tub, making it ideal as a primary suite. With abundant space, flexibility and functionality, these units are ready to accommodate a range of lifestyles. Don't miss this opportunity to own a piece of picturesque Newport situated close to Bellevue Ave and the vibrant Broadway district!

1 Pell Street 3, Newport

Listing courtesy of Teri Degnan RE & Consulting. Contact:

$2,050,000

9 Beds ⋅ 5 Baths

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 turnkey with furnishings too. Strong rental history and also a solid candidate for a condo conversion. Steps away from all the bustling activity.

130 Spring Street 132, Newport

Listing courtesy of Teri Degnan RE & Consulting. Contact:

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