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    1 Arnold Ave Newport, RI 02840

    For Sale
    $1,100,000

    Multi Family - Newport, RI

    Type:Multi Family
    Property size:
    2,680 SF
    Lot size:
    0.11 Acres
    Days on Market:
    22
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 1 Arnold Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    R10
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    Parking
    3
    Interior features
    Wall (plaster), Attic, Attic Stairs, Attic Storage, Stairs, Plumbing (mixed), Insulation (ceiling)
    Exterior features
    Sidewalks
    Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer
    Size
    2,680 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Oil, Radiant

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Plaster
    Architectural style
    Other

    ReMax Professionals of Newport (401) 849-0100 [email protected]

    Listing agent Steve Larson (401) 849-0100

    Listing date Nov 14, 2025

    MLS# 1394969 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newport Multifamily with Period Details

    This two-family home, constructed in 1920, features period details such as wood molding, solid wood doors, claw-foot bathtubs, and built-in cabinetry. Both units include balconies. The ground floor unit has a living room with an adjacent sitting room that could be converted into a bedroom. The upstairs unit features a large foyer that opens into the living room, which leads to a dining room. The upper unit also has a large second balcony overlooking the street and an unfinished attic that offers expansion potential. The property includes a driveway providing access to the two-car garage. The large basement provides storage and a laundry area. The property is located just off Broadway, a short distance from Newport amenities. The lot size is 0.11 acres and the property size is 2680 square feet. The zoning is R10.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.306326
    Latitude
    41.500573

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    FAQs

    What type of property is this?
    Duplex - Two-family home in Newport with retained period touches and balconies.
    Where is this duplex located?
    The property is located at 1 Arnold Ave Newport, RI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Multi-family home in a desirable Newport location, just off Broadway, close to city amenities.; - Upper unit has expansion potential into a large, unfinished attic.; - Features two units, each with balconies for outdoor enjoyment.
    (401) 849-0100
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Arnold Ave Newport, RI 02840
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