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Duplex with Original Features
For Sale
$1,200,000

33 Elm Street, Newport, RI 02840

Residential Income, Newport, RI

Property Size2,000 SF
Lot Size0.10 Acres
Price / SF$600
Days on Market10

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 Bedroom 1, Bathroom 2, Basement, Bedroom 2, 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 Natural Gas, Baseboard

Amenities

front and back staircase
large enclosed backyard
off street parking
fireplace on each floor

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 Changed: Aug 21 Last Checked: Aug 23 at 1:06PM
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 2,000-square-foot duplex retains original interior character, including hardwood floors, plaster and clapboard construction, separate front and rear staircases, and a fireplace on each floor. The first-floor kitchen has been updated, while the second-floor unit remains largely in its earlier condition. The property has been used as a single-family home and will require repairs and floorplan redesign for a future owner’s preferred arrangement.

Set within a block of Thames Street, the property is near restaurants, shops, theater, the waterfront, and Newport’s surrounding activities. The parcel measures 0.0964 acres and carries R10 zoning.

Key Highlights

  • Legal two‑family property built in 1869
  • 2,000 square feet on a 0.0964‑acre parcel
  • Fireplace located 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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Legal two-family layout with fireplaces on both levels, an enclosed rear yard, 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 built in 1869; 2,000 square feet on a 0.0964‑acre parcel; Fireplace located on each floor
More about this property
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