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Renovated Two-Family Residence
For Sale
$1,495,000

17 Dearborn Street, Newport, RI 02840

Recently renovated two-family home with independently metered units, private laundry, and an expansive backyard.

Property Size2,100 SF
Price / SF$711.90
Days on Market10

Property Features for 17 Dearborn Street

General Information

Standard status Active
Size 2,100 SF
Property subtype Multifamily

Additional Details

Multifamily Units 2

Building Details

Year Built 1852
Tenancy Multi
Listing Agency: SERHANT.
Listed By: Lea Savas
Source: Lockandkeyre
Added: Jul 22 Changed: Jul 26 Last Checked: Jul 30 at 5:50AM

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 SERHANT.

Investment Insights

Based on property information with market context.

17 Dearborn is a recently renovated two-family residence with two independently metered units. The first-floor home offers two bedrooms and one full bath, and the upper residence is a townhouse-style layout spanning two levels.

Each unit includes its own private laundry. The upper layout provides space with the potential to expand by dormering a third level. The property also features an expansive, private backyard and parking for scooters and golf carts.

Kitchen appliances are scheduled to be installed within two weeks, and select photos have been virtually staged.

Key Highlights

  • Two‑family residence built in 1852 in Newport’s Yachting Village, steps from Thames Street
  • Recently renovated home with two independently metered units and private in‑unit laundry for each unit
  • First‑floor unit offers 2 bedrooms and 1 full bath

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Pharmacy (Bike/Boat/Book/etc) Store Carpet & Flooring Store Daycare Center

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

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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Recently renovated two-family home with independently metered units, private laundry, and an expansive backyard.
Where is this duplex located?
The property is located at 17 Dearborn Street Newport, RI.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Two‑family residence built in 1852 in Newport’s Yachting Village, steps from Thames Street; Recently renovated home with two independently metered units and private in‑unit laundry for each unit; First‑floor unit offers 2 bedrooms and 1 full bath
More about this property
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