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Furnished Two-Family Duplex
For Sale
$1,195,000

16 Dean Avenue, Newport, RI 02840

Two residential units offer a flexible layout near waterfront recreation, dining, and downtown shopping.

Property SizeContact for details
Days on Market129

Property Features for 16 Dean Avenue

General Information

Standard status Active
Property subtype Multi-family

Units

Unit Mix 1 x 2BR/1.5BA, 1 x 4BR/2BA
Multifamily Units 2

Additional Details

Furnished Yes

Building Details

Year Built 1900
Listing Agency: Edge Realty RI
Listed By: Shiv Patel
Source: Milburyre
Added: Apr 25 Changed: Aug 31 Last Checked: Aug 31 at 2:57AM

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 Edge Realty RI

Investment Insights

Based on property information with market context.

This furnished duplex, constructed in 1900, contains two residential units with a four-bedroom configuration overall. The first-floor apartment includes two bedrooms, one full bathroom, and one half bathroom. The upper residence spans the second and third floors, with two bedrooms on each level and a full bathroom on both floors.

Located at 16 Dean Avenue in Newport, the property is within walking distance of Easton's Beach, the Cliff Walk, restaurants, and downtown shops along Thames Street. The two-unit arrangement provides separate living spaces within a compact residential income property.

Key Highlights

  • Furnished duplex with two residential units
  • First‑floor unit includes 2 bedrooms, 1 full bath, and 1 half bath
  • Upper unit spans floors 2 and 3 with 2 bedrooms on each floor

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Daycare Center Carpet & Flooring Store Electrical Service Pharmacy

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

1,571
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
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer a flexible layout near waterfront recreation, dining, and downtown shopping.
Where is this duplex located?
The property is located at 16 Dean Avenue Newport, RI.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Furnished duplex with two residential units; First‑floor unit includes 2 bedrooms, 1 full bath, and 1 half bath; Upper unit spans floors 2 and 3 with 2 bedrooms on each floor
More about this property
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