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Two-Family Residence with Fenced Backyard
For Sale
$1,399,000

31 Prescott Hall Road, Newport, RI 02840

Newly constructed two-family home with hardwood floors, mini-split HVAC, and a fully fenced backyard with outdoor dining and fire pit.

Days on Market38

Property Features for 31 Prescott Hall Road

General Information

Standard status Active
Property subtype Multi-family
Lease Term []

Building Details

Year Built 1940
Listing Agency: Kirby & Kirby
Listed By: Molly Kirby
Source: Teridegnan
Added: Jun 24 Changed: Jul 29 Last Checked: Jul 30 at 5:55PM

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 Kirby & Kirby

Investment Insights

Based on property information with market context.

31 Prescott Hall is a newly constructed two-family (duplex) residence built in 1940, designed for flexible living and rental income. The property features hardwood floors throughout, abundant natural light, and brand-new finishes, appliances, and amenities for a move-in ready setup.

The larger upper unit includes four bedrooms and two full bathrooms, with soaring vaulted ceilings and mini-split heating and cooling throughout. The first-floor unit offers two bedrooms and two full bathrooms, also finished to the same high standard.

Outside, the fully fenced backyard provides an outdoor dining area and a fire pit for entertaining. The home is located just minutes from the Newport Bridge and within walking distance of local spots including CHOMP and Nitro Bar. It is also moments from the waterfront, including Van Zandt Pier, Newport Shipyard, and several nearby marinas.

Key Highlights

  • Newly constructed two‑family (duplex) home built in 1940
  • Upper unit: four bedrooms, two full bathrooms, vaulted ceilings, mini‑split heating and cooling
  • First‑floor unit: two bedrooms, two full bathrooms, mini‑split heating and cooling

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Nail Salon Real Estate Agency Daycare Center Computer & Electronic Repair Veterinary Clinic Auto Parts 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.

Location Intelligence

Trade Area within ½ mile

1,079
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 - Newly constructed two-family home with hardwood floors, mini-split HVAC, and a fully fenced backyard with outdoor dining and fire pit.
Where is this duplex located?
The property is located at 31 Prescott Hall Road Newport, RI.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Newly constructed two‑family (duplex) home built in 1940; Upper unit: four bedrooms, two full bathrooms, vaulted ceilings, mini‑split heating and cooling; First‑floor unit: two bedrooms, two full bathrooms, mini‑split heating and cooling
More about this property
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