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Duplex Property with Guest Cottage
For Sale
$6,800,000

18 Ledge Road, Newport, RI 02840

Residential Income, Newport, RI

Property Size3,400 SF
Lot Size1.63 Acres
Price / SF$2,000
Days on Market94

Property Features for 18 Ledge Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-60
Bedrooms 5
Bathrooms 5
Full bathrooms 4
Half bathrooms 1
Rooms Bedroom 5, Bathroom 5, Bathroom 4, Bathroom 1, Basement, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 3
Parking 9
Window features Skylight(s)
Patio and Porch features Patio
Interior features Wall (Dry Wall), Plumbing (Copper), Plumbing (Mixed), Insulation (Ceiling), Insulation (Walls)
Exterior features Guest House, Patio
Fireplace 1
Basement Partial, Unfinished
Appliances Gas Water Heater, Dishwasher, Dryer, Exhaust Fan, Range Hood, Microwave, Oven/Range, Refrigerator, Washer
Subdivision Bellevue South
Lot features Local Historic District, Fenced, Wooded
Standard status Active
Size 3,400 SF
Lot size 1.63 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 13461

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Baseboard, Electric (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1967
Floors in Building 1
Number of units 2
Flooring type Carpet, Hardwood
Building materials Dry Wall, Clapboard, Wood
Additional Structures Guest House
Listing Agency: Gustave White Sotheby's Realty · Sotheby's International Realty
Listed By: Quentin Warren
Added: Jun 4 Changed: Sep 2 Last Checked: Sep 5 at 10:06AM
MLS# 1414364

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This Newport duplex property combines a three-bedroom primary residence with a separate two-bedroom rental cottage on a 1.6299-acre parcel. The improvements total 3,400 square feet and include a patio, basement, fireplace, central air, natural gas and electric heating, hardwood and carpet flooring, and a mix of copper and other plumbing. The property was built in 1967 and is served by public water and public sewer.

Located at 18 Ledge Road, the property sits near Bailey's Beach and the southwest terminus of the Cliff Walk, with the Atlantic Ocean across the street. The parcel is zoned R-60 and includes a guest house, supporting its two-residence configuration.

Key Highlights

  • 1.6299‑acre duplex property at 18 Ledge Road, Newport, RI
  • Three‑bedroom primary residence with separate two‑bedroom rental cottage
  • 3,400 square feet of total property size

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Restaurant Bakery Cafe & Coffee Shop Department Store Bed & Breakfast Hotel & Motel

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

61
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 - Two-residence property with a three-bedroom main home, separate rental cottage, and established residential improvements.
Where is this duplex located?
The property is located at 18 Ledge Road Newport, RI.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: 1.6299‑acre duplex property at 18 Ledge Road, Newport, RI; Three‑bedroom primary residence with separate two‑bedroom rental cottage; 3,400 square feet of total property size
More about this property
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