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Historic Three-Unit Carriage House
For Sale
$7,500,000

2 Hazard Avenue, Newport, RI 02840

Residential Income, Newport, RI

Property Size8,660 SF
Lot Size0.64 Acres
Price / SF$866.05
Days on Market53

Property Features for 2 Hazard Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R60
Bedrooms 13
Bathrooms 11
Full bathrooms 10
Half bathrooms 2
Rooms Bedroom 1, Bathroom 9, Bedroom 9, Bathroom 3, Bathroom 5, Bedroom 13, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 3, Bedroom 4, Bedroom 7, Bathroom 12, Bathroom 1, Bathroom 10, Bedroom 12, Bathroom 7, Bathroom 6, Bathroom 4, Basement, Bedroom 11, Bathroom 11, Bathroom 8, Bedroom 10, Bathroom 2
Parking 6
Parking features None
Patio and Porch features Patio, Porch
Interior features Wall (Dry Wall), Wall (Wood), Stairs, Plumbing (Mixed), Insulation (Unknown)
Exterior features Patio, Porch
Fireplace 1
Basement Storage Space, Unfinished, Partial
Appliances Gas Water Heater, Dishwasher, Dryer, Exhaust Fan, Microwave, Oven/Range, Refrigerator, Washer
Subdivision Bellevue/Coggeshall
Lot features Local Historic District, Corner Lot
Standard status Active
Size 8,660 SF
Lot size 0.64 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 42357

Utilities

Heating system Forced Air, Zoned, Steam, Natural Gas
Cooling system Central Air
Water source Public

Amenities

private patios

Building Details

Year built 1885
Floors in Building 2
Number of units 3
Flooring type Hardwood, Tile - Ceramic
Building materials Dry Wall, Wood Wall(s), Masonry, Wood
Listing Agency: Gustave White Sotheby's Realty · Sotheby's International Realty
Listed By: Tina Wiley
Added: Jul 8 Changed: Aug 20 Last Checked: Aug 29 at 1:06AM
MLS# 1417110

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.

Built in 1885 and attributed to architect Dudley Newton, this masonry-and-wood carriage house contains three separate four-bedroom residences. The 8,660-square-foot property retains exposed stone and beams, wood paneling, hardwood and ceramic tile flooring, 12-foot ceilings, and individual architectural treatments. Each residence includes a private patio, while porches, fireplaces, central air, and zoned natural-gas heating add to the building’s functionality.

The property occupies 0.639 acres at 2 Hazard Avenue in Newport, Rhode Island, and is served by public water. Its former stable and staff-quarters configuration has been adapted for residential use, with a layout that also allows two residences to be combined while retaining a third separate unit. R60 zoning and the existing three-unit arrangement support continued multifamily use.

Key Highlights

  • Three four‑bedroom residences within an 8,660‑square‑foot building
  • 0.639‑acre property at 2 Hazard Avenue, Newport, RI 02840
  • Built in 1885; attributed to architect Dudley Newton

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Auto Repair Shop Building Supply Auto Parts Store Dental Office Pharmacy Big Box & Wholesale Store

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

398
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Architecturally distinctive multifamily property with three four-bedroom residences, private outdoor areas, and R60 zoning.
Where is this triplex located?
The property is located at 2 Hazard Avenue Newport, RI.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Three four‑bedroom residences within an 8,660‑square‑foot building; 0.639‑acre property at 2 Hazard Avenue, Newport, RI 02840; Built in 1885; attributed to architect Dudley Newton
More about this property
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