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    2 Perry St Newport, RI 02840

    Sponsored
    For Sale
    $1,825,000

    MULTI_FAMILY - Newport, RI

    Type:Apartment
    Lot size:
    0.12 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 9 at 11:06 am

    Property Features for 2 Perry St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    R10
    Rooms
    Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2
    Bedrooms
    4
    Bathrooms
    4
    Parking
    4
    Parking features
    Garage
    Interior features
    Wall (Dry Wall), Wall (Plaster), Skylight, Stairs, Plumbing (Mixed), Insulation (Unknown)
    Appliances
    Gas Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1870
    Floors in Building
    3
    Number of units
    4
    Flooring type
    Hardwood, Carpet
    Building materials
    Dry Wall, Plaster, Clapboard, Shingles

    Gustave White Sotheby's International Realty (401) 849-3000 [email protected]

    Listing agent Mike Sweeney (401) 862-0164

    Listing date Jan 9, 2026

    MLS# 1401964 Listing URL

    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.

    Overview

    Mixed-Use Property in Prime Location

    This mixed-use property is located in a prime location on Spring Street. The street level features two office/retail spaces, with two residential units above. The second-floor residence, accessed via a private rear courtyard, includes two bedrooms and two baths, granite countertops, stainless steel appliances, and in-unit laundry. One bedroom is configured as a private efficiency suite with its own kitchenette, full bath, and separate entrance. The third-floor unit includes two bedrooms, one bath, and an open-concept living/kitchen area. The property has parking for four vehicles, a rear courtyard, and separate utilities throughout. The lot size is 0.1224 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.31183
    Latitude
    41.479344

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with office/retail spaces and residential units.
    Where is this mixed-use property located?
    The property is located at 2 Perry St Newport, RI.
    What is the asking price?
    The asking price for this property is $1,825,000.
    What are key features of this property?
    This property features: - Prime Spring Street location offers **high visibility and accessibility**.; - Mixed-use property with two commercial spaces and two residential units provides diversified income potential.; - Second-floor residence features a **private efficiency suite** with separate entrance, kitchenette, and full bath.
    (401) 862-0164
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    2 Perry St Newport, RI 02840
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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
    2 Perry St Newport, RI 02840
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