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Duplex with Guest Cottage
For Sale
$6,100,000

18 Ledge Road, Newport, RI 02840

Residential Income, Newport, RI

Property Size3,400 SF
Lot Size1.63 Acres
Price / SF$1,794
Days on Market148

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 Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 1, Basement, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 1
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 Dishwasher, Dryer, Exhaust Fan, Range Hood, Microwave, Oven, Range, Refrigerator, Washer, Gas Water Heater
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 Electric (Heating), Natural Gas, Baseboard
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
Buildings 2
Listing Agency: Gustave White Sotheby's Realty · Sotheby's International Realty
Listed By: Quentin Warren
Added: Jun 4 Changed: Oct 27 Last Checked: Oct 29 at 10:06PM
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.

Rey
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Investment Insights

Based on property information with market context.

This two-unit residential property includes a three-bedroom primary residence and a detached two-bedroom cottage, providing separate living spaces on one parcel. The property contains 3,400 square feet across 1.6299 acres and was built in 1967. Features include a patio, central air conditioning, a fireplace, public water, and public sewer. The recorded zoning is R-60.

The site is on Ledge Road in Newport, with Bailey’s Beach nearby and the Cliff Walk’s southwest end in the surrounding area. The Atlantic Ocean is across the street. Bellevue Avenue is also identified in the property’s immediate vicinity.

Key Highlights

  • Two residences: a three‑bedroom primary home and a separate two‑bedroom cottage
  • 3,400 square feet on 1.6299 acres
  • Zoned R‑60

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two residences offer a three-bedroom main home and a separate two-bedroom cottage on a wooded Newport parcel.
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 $6,100,000.
What are key features of this property?
This property features: Two residences: a three‑bedroom primary home and a separate two‑bedroom cottage; 3,400 square feet on 1.6299 acres; Zoned R‑60
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