Duplex with Detached
For Sale
$1,150,000
10 Hammond Street, Newport, RI 02840
Two apartments have separate utilities and heating systems, alongside off-street parking and outdoor space.
Property Size2,128 SF
Price / SF$540.41
Days on Market23
Property Features for 10 Hammond Street
General Information
Standard status
Active
Size
2,128 SF
Property subtype
MultiFamily
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Amenities
off-street parking
detached two-car garage
outdoor space
Building Details
Year Built
1910
Listing Agency:
Teri Degnan RE & Consulting
(401) 619-8222
Listed By:
Timothy Dargan · License #REB.0019599
(401) 345-7070
Source:
Lockandkeyre
Added: Oct 7
Changed: Oct 29
Last Checked: Oct 28 at 8:10AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,128-square-foot duplex at 10 Hammond Street contains two apartments: a first-floor unit with two bedrooms and one bathroom, and a second- and third-floor unit with four bedrooms and two bathrooms. Each apartment has its own utilities and heating system. The property also includes a detached two-car garage, off-street parking, and outdoor space. Built in 1910, it has a seasonal rental history and a layout that could be converted to single-family use.
The property is in Newport’s Yachting Village, near downtown shops, restaurants, the waterfront, and other downtown attractions.
The property is in Newport’s Yachting Village, near downtown shops, restaurants, the waterfront, and other downtown attractions.
Key Highlights
- Two apartments: 2 bedrooms and 1 bathroom on the first floor; 4 bedrooms and 2 bathrooms across the second and third floors
- 2,128 square feet; built in 1910
- Separate utilities and heating systems for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,542
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,840
$710.8K
Cap Rate 7%
$507,743
$507.7K
Cap Rate 9%
$394,911
$394.9K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$54.4K $25.56/SF
− Vacancy
−$3.6K −$1.70/SF
EGI
$50.8K $23.86/SF
− OpEx
−$15.2K −$7.16/SF
NOI
$35.5K $16.70/SF
Area
Newport County, RI
Vacancy
6.65%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,840
Cap Rate 7%
$507,743
Cap Rate 9%
$394,911
Alternative Uses
Best Use
Multifamily LT 5
$507.7K
$444.3K – $592.4K
NOI $35,542 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$451.6K
$395.1K – $526.8K
NOI $31,609 @ 7.0% cap · market cap 2.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments have separate utilities and heating systems, alongside off-street parking and outdoor space.
Where is this duplex located?
The property is located at 10 Hammond Street Newport, RI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two apartments: 2 bedrooms and 1 bathroom on the first floor; 4 bedrooms and 2 bathrooms across the second and third floors; 2,128 square feet; built in 1910; Separate utilities and heating systems for each apartment
