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

33 Elm Street, Newport, RI 02840

MULTI_FAMILY - Newport, RI

Property Size2,000 SF
Lot Size0.10 Acres
Price / SF$600
Days on Market2

Property Features for 33 Elm Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R10
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Basement, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Parking 2
Parking features None
Interior features Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
Fireplace 1
Basement Crawl Space
Subdivision The Point
Lot features Local Historic District, Fenced, Sidewalks
Standard status Active
Size 2,000 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 7970

Utilities

Heating system Baseboard, Natural Gas

Amenities

fireplace
enclosed backyard
off-street parking
front and back staircase

Building Details

Year built 1869
Floors in Building 2
Number of units 2
Flooring type Hardwood
Building materials Dry Wall, Plaster, Clapboard
Listing Agency: Hogan Associates Christie's
Listed By: Cathy Wicks
Added: Aug 14 Last Checked: Aug 15 at 2:06AM
MLS# 1420706

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 1869, this legal two-family property contains approximately 2,000 square feet on a 0.0964-acre lot. The home has been maintained as a single-family residence, while the existing two-unit configuration remains. Original character is retained throughout, including hardwood flooring, plaster and clapboard construction, two staircases, and a fireplace on each floor. The first-floor kitchen has been updated, while the upper unit retains much of its earlier layout and finish. The property also includes a basement and enclosed rear yard.

Located at 33 Elm Street, the property is within a block of Thames Street restaurants, shops, theater, waterfront access, and other Newport activities. The yacht club is also nearby. R10 zoning and the legal two-family status provide the framework for a buyer considering repairs and a revised interior layout.

Key Highlights

  • Legal two‑family property with 2,000 square feet
  • Built in 1869 with original interior features retained
  • 0.0964‑acre lot with enclosed backyard

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

1,461
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?
Duplex - Legal two-unit residence with preserved period details and an updated first-floor kitchen.
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 property with 2,000 square feet; Built in 1869 with original interior features retained; 0.0964‑acre lot with enclosed backyard
More about this property
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