Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1 Pell St Newport, RI 02840

    For Sale
    $1,800,000

    Multi Family - Newport, RI

    Type:Multi Family
    Property size:
    5,312 SF
    Lot size:
    0.10 Acres
    Days on Market:
    115
    Last Refresh:
    Dec 5 at 2:06 pm

    Property Features for 1 Pell St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    R10
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    Bathrooms
    5
    Parking
    2
    Interior features
    Wall (dry Wall), Wall (plaster), Stairs, Plumbing (mixed), Insulation (unknown)
    Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer
    Size
    5,312 SF
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1910
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Hardwood, Tile, Tile - Ceramic
    Building materials
    Plaster
    Architectural style
    Other

    Teri Degnan Real Estate & Consulting, LTD (401) 474-9191 [email protected]

    Listing agent Teri Degnan (401) 619-8222

    Listing date Aug 13, 2025

    MLS# 1392084 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 Property with Income Potential

    Located off Kay St in Newport, RI, this side-by-side two-family home presents opportunities for rental income, multi-generational living, or guest accommodations. Each unit features three levels, a private patio, and hardwood floors. The exterior has been freshly painted and includes a front porch and one parking spot for each unit. The left-side residence features 4 bedrooms and 2 bathrooms. The first floor includes a living room with pocket doors, a separate dining room, and a compact kitchen with patio access. The second level offers 3 bedrooms and a full bath with a walk-in shower. The third level contains a bedroom and a bathroom with a soaking tub. The right-side residence offers 3 bedrooms and 2 bathrooms. The first floor features a living room with pocket doors, an open kitchen and dining area, patio access, and a half bath. The second level offers 2 bedrooms and a tiled bathroom with a walk-in shower. One bedroom has an attached sun room. The third level includes a large bedroom with a walk-in closet and a bathroom with a soaking tub. The property, situated on a 0.1-acre lot, offers flexibility and functionality and is located close to Bellevue Ave and the Broadway district. The total living area is 5312 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store 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
    -71.307422
    Latitude
    41.490585

    Nearby Similar for Sale

    • $2,799,000
      3,488 SF

      Restored Victorian Home with Water Views

      Restored Victorian home with water views and income potential.
      104 2Nd St, Newport, RI 02840
      View Details
    • $1,950,000
      2,930 SF

      Mixed-Use Property in Desirable Location

      Updated multi-family property with commercial potential in downtown Newport.
      604 Dixon St, Newport, RI 02840
      View Details
    • $1,299,999
      2,079 SF

      Renovated Multi-Family Home with Yard

      Two-unit home with modern amenities and off-street parking.
      7 Sheffield Ave, Newport, RI 02840
      View Details
    • $1,850,000
      4,573 SF

      Restored Two-Family Home Near Broadway

      Meticulously restored two-family home with updated utilities and ample parking.
      17 Lincoln St, Newport, RI 02840
      View Details
    • $1,420,000
      Pending

      Newport Multi-Family Investment Opportunity

      Downtown Newport three-family with income potential near waterfront and attractions.
      28 Young St, Newport, RI 02840
      View Details
    • $1,195,000
      1,941 SF

      Historic Newport Multifamily Property

      Charming 19th-century sea captain's home in the Point neighborhood.
      23 Willow St, Newport, RI 02840
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family home near Bellevue Ave and Broadway district, Newport, RI.
    Where is this duplex located?
    The property is located at 1 Pell St Newport, RI.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Two-family home ideal for rental income, multi-generational living, or guest accommodations.; - Each unit features 3 levels, a private patio, and hardwood floors throughout.; - Left unit: 4 bedrooms, 2 bathrooms; Right unit: 3 bedrooms, 2 bathrooms.
    (401) 619-8222
    Request Owner's contact information
    1 Pell St Newport, RI 02840
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Pell St
    Newport, RI 02840
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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 Pell St Newport, RI 02840
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.