Search
Side-by-Side Duplex Income Property
For Sale
$1,800,000

1 Pell Street, Newport, RI 02840

Two side-by-side residences offer private patios, hardwood floors, and dedicated parking with each unit spanning three levels.

Property SizeContact for details
Days on Market385

Property Features for 1 Pell Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-family
Lease Term []

Additional Details

Multifamily Units 2

Building Details

Year Built 1910
Stories 3
Tenancy Multi
Listing Agency: Teri Degnan RE & Consulting
Listed By: Teri Degnan
Source: Teridegnan
Added: Aug 13, 2025 Changed: Aug 31 Last Checked: Aug 31 at 8:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Teri Degnan RE & Consulting

Investment Insights

Based on property information with market context.

This side-by-side duplex features two separate residences, each arranged over three levels. The left unit includes four bedrooms and two bathrooms, with a first-floor living room featuring pocket doors, a separate dining area, and a compact kitchen with patio access. The second level provides three bedrooms and a full bath with a walk-in shower, while the third level includes a bedroom and a large bathroom with a soaking tub.

The right unit offers three bedrooms and two bathrooms, with a first-floor living space with pocket doors plus an open kitchen and dining area, along with patio access and a half bath. The second level includes two bedrooms and a tiled bathroom with a walk-in shower, and one bedroom has an attached sun room. The third level features a large bedroom with a walk-in closet and an additional bathroom with a soaking tub.

The exterior has been freshly painted and each residence includes its own private patio. A front porch and one parking spot per unit are also provided.

Key Highlights

  • Side‑by‑side two‑family home built in 1910, with each residence spanning three levels
  • Left residence offers 4 bedrooms and 2 bathrooms across three floors, including pocket doors, separate dining, and kitchen with patio access
  • Right residence offers 3 bedrooms and 2 bathrooms, including a walk‑in closet, soaking tub, and a bedroom with attached sun room

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Auto Parts Store Storage Facility Pharmacy Furniture & Home Goods

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,583
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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Two side-by-side residences offer private patios, hardwood floors, and dedicated parking with each unit spanning three levels.
Where is this duplex located?
The property is located at 1 Pell Street 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: Side‑by‑side two‑family home built in 1910, with each residence spanning three levels; Left residence offers 4 bedrooms and 2 bathrooms across three floors, including pocket doors, separate dining, and kitchen with patio access; Right residence offers 3 bedrooms and 2 bathrooms, including a walk‑in closet, soaking tub, and a bedroom with attached sun room
More about this property
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