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Stone Duplex with Private Patios
For Sale
$7,500,000

2 Hazard Avenue, Newport, RI 02840

Residential Income, Newport, RI

Property Size8,660 SF
Lot Size0.64 Acres
Price / SF$866.05
Days on Market82

Property Features for 2 Hazard Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R60
Bedrooms 13
Bathrooms 11
Full bathrooms 10
Half bathrooms 2
Rooms Bedroom 6, Bathroom 1, Bathroom 6, Bedroom 1, Bedroom 8, Bedroom 7, Bathroom 3, Bathroom 7, Bathroom 9, Bathroom 11, Bedroom 11, Bedroom 3, Bedroom 4, Bedroom 10, Bedroom 12, Bathroom 5, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 13, Bedroom 5, Basement, Bathroom 8, Bedroom 9, Bathroom 12, Bathroom 10
Parking 6
Parking features None
Patio and Porch features Patio, Porch
Interior features Wall (Dry Wall), Wall (Wood), Stairs, Plumbing (Mixed), Insulation (Unknown)
Exterior features Patio, Porch
Fireplace 1
Basement Storage Space, Partial, Unfinished
Appliances Dishwasher, Dryer, Exhaust Fan, Microwave, Oven, Range, Refrigerator, Washer, Gas Water Heater
Subdivision Bellevue/Coggeshall
Lot features Local Historic District, Corner Lot
Standard status Active
Size 8,660 SF
Lot size 0.64 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 42357

Utilities

Heating system Natural Gas, Steam, Forced Air, Zoned
Cooling system Central Air
Water source Public

Building Details

Year built 1885
Floors in Building 2
Number of units 2
Flooring type Tile - Ceramic, Hardwood
Building materials Dry Wall, Wood Wall(s), Masonry, Wood
Listing Agency: Gustave White Sotheby's Realty · Sotheby's International Realty
Listed By: Tina Wiley
Added: Jul 8 Changed: Sep 26 Last Checked: Sep 27 at 10:06PM
MLS# 1417110

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 8,660-square-foot duplex in Newport contains two residences within a stone carriage house designed by Dudley Newton. Built in 1885, the building was originally used for estate stables and staff quarters. The property spans 0.639 acres and is zoned R60. Interior features include 12-foot ceilings, exposed stone and beams, wood paneling, hardwood and tile flooring, and a fireplace. Each residence has a private patio; the property also includes a porch.

Heating is provided by natural gas, steam, forced air, and zoned systems, with central air conditioning. Public water serves the property. The address is 2 Hazard Avenue, Newport, RI 02840.

Key Highlights

  • Two residences in an 8,660‑square‑foot building
  • 0.639‑acre property zoned R60
  • Built in 1885 as a carriage house designed by Dudley Newton

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Building Supply Big Box & Wholesale Store Pharmacy HVAC Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

398
Businesses Nearby

Demographics for 02840, RI

23,902
Population
13,515
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
3,274
Density / Sq Mi
$83,515
Median Household Income
$41,228
Median Earnings
$1,610
Median Rent
$669,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residences occupy a historic masonry building with separate patio areas and architectural details including exposed stone and woodwork.
Where is this duplex located?
The property is located at 2 Hazard Avenue Newport, RI.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Two residences in an 8,660‑square‑foot building; 0.639‑acre property zoned R60; Built in 1885 as a carriage house designed by Dudley Newton
More about this property
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