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Historic Two-Family Duplex
For Sale
$1,200,000

33 Elm Street, Newport, RI 02840

Legal two-family residence with preserved period details, separate stairways, fireplaces, updated first-floor kitchen, yard, and off-street parking.

Property Size2,000 SF
Price / SF$600
Days on Market9

Property Features for 33 Elm Street

General Information

Standard status Active
Size 2,000 SF
Property subtype Multifamily

Property Condition

Severity Repairs Needed
Evidence make some repairs

Additional Details

Multifamily Units 2

Amenities

off street parking
enclosed backyard
fireplace

Building Details

Year Built 1869
Listing Agency: Hogan Associates Christie's
Listed By: Cathy Wicks
Source: Lockandkeyre
Added: Aug 14 Changed: Aug 22 Last Checked: Aug 22 at 4:32AM

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 Hogan Associates Christie's

Investment Insights

Based on property information with market context.

Built in 1869, this 2,000-square-foot legal two-family residence is currently configured as a single-family home after decades of owner occupancy and preservation. Original architectural details remain throughout, including front and rear staircases and one fireplace on each floor. The first-floor kitchen has been updated, while the second-floor unit retains much of its earlier layout and character. A redesign and repairs may be appropriate for a future owner’s intended use.

The property is located at 33 Elm Street in Newport, within a block of Thames Street restaurants, shops, theater, waterfront access, and related activities. The yacht club is also nearby. Additional site features include an enclosed backyard and off-street parking.

Key Highlights

  • Legal two‑family residence at 33 Elm Street, Newport, RI 02840
  • 2,000 square feet; built in 1869
  • Front and rear staircases with a fireplace on each floor

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Daycare Center Computer & Electronic Repair Auto Parts Store Veterinary Clinic

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

1,791
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 - Legal two-family residence with preserved period details, separate stairways, fireplaces, updated first-floor kitchen, yard, and off-street parking.
Where is this duplex located?
The property is located at 33 Elm Street Newport, RI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Legal two‑family residence at 33 Elm Street, Newport, RI 02840; 2,000 square feet; built in 1869; Front and rear staircases with a fireplace on each floor
More about this property
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