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    74 3Rd St Newport, RI 02840

    For Sale
    $1,400,000

    Multi Family - Newport, RI

    Type:Multi Family
    Property size:
    2,313 SF
    Lot size:
    0.05 Acres
    Days on Market:
    135
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 74 3Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Window features
    Skylight(s)
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    3
    Parking
    2
    Patio and Porch features
    Patio, Deck
    Interior features
    Wall (dry Wall), Wall (plaster), Dry Bar, Skylight, Stairs, Plumbing (mixed), Insulation (ceiling), Insulation (floors), Insulation (walls)
    Exterior features
    Local Historic District, Out Building, Sidewalks, Deck, Guest House, Patio, Deck, Patio
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Size
    2,313 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Carpet, Hardwood, Laminate, Tile, Tile - Ceramic
    Building materials
    Clapboard, Plaster
    Architectural style
    Other
    Additional Structures
    Guest House

    Residential Properties Ltd. (401) 439-7705 [email protected]

    Listing agent Marisa Ferris (401) 619-5622

    Listing date Jul 24, 2025

    MLS# 1385762 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 Converted Barn

    Located in the Historic Point neighborhood of Newport, this property features a 2-unit main residence that can be converted into a single-family home. Additionally, there is a converted barn outbuilding that can be customized into guest quarters, a creative studio, or a home office. The first level of the main house is a 1-bedroom unit with a bonus room, a full bath, an eat-in kitchen, and a living room. The second and third floors comprise the second unit, featuring 4 bedrooms (2 per floor) and 2 full baths (one per floor). The second floor includes a living room, dining room, kitchen, and laundry area. The third floor has a private deck. The property includes period details and a flexible layout suitable for open-concept or private quarters. One off-street parking spot is available. A mature perennial garden, previously featured on Newport’s Secret Garden Tour, is included. The property is located close to the waterfront, Battery Park, Broadway restaurants, and downtown shopping. The lot size is 0.0517 acres, and the living area is 2313 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.319433
    Latitude
    41.497048

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    FAQs

    What type of property is this?
    Duplex - Two-unit residence with converted barn in historic Newport neighborhood.
    Where is this duplex located?
    The property is located at 74 3Rd St Newport, RI.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Prime location in Newport's Historic Point, close to waterfront, Battery Park, restaurants, and shopping.; - Two-unit main residence easily convertible to a single-family home.; - Bonus converted-barn outbuilding adaptable for guest quarters, studio, or home office.
    (401) 619-5622
    Request Owner's contact information
    74 3Rd St Newport, RI 02840
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    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
    74 3Rd St Newport, RI 02840
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