Eight-Bedroom
For Sale
$1,860,000
34 Bull Street, Newport, RI 02840
Residential Income, Newport, RI
Property Size3,550 SF
Lot Size0.07 Acres
Price / SF$523.94
Days on Market141
Property Features for 34 Bull Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 8, Bedroom 2, Bedroom 1, Basement, Bedroom 4
Parking features
None
Interior features
Wall (Dry Wall), Wall (Plaster), Stairs, Insulation (Unknown)
Fireplace
1
Basement
Unfinished, Full
Appliances
Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
Standard status
Active
Size
3,550 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10685
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Building Details
Year built
1895
Floors in Building
3
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Dry Wall, Plaster, Clapboard
Listing Agency:
William Raveis Inspire
(401) 846-3800
Listed By:
The Aquidneck Team
(401) 640-0807
Added: May 26
Changed: Sep 26
Last Checked: Oct 13 at 1:06PM
MLS# 1413646
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.
This Newport duplex contains 3,550 square feet with eight bedrooms and three bathrooms. Hardwood and ceramic tile flooring, a fireplace, and clapboard, drywall, and plaster construction are among its features. The property was built in 1895 and has forced-air natural gas heat with window-unit cooling. Appliances include a dishwasher, dryer, microwave, oven, range, refrigerator, and washer.
The 0.067-acre property is within walking distance of Newport’s downtown, with restaurants, waterfront attractions, and local amenities nearby. No parking is provided.
The 0.067-acre property is within walking distance of Newport’s downtown, with restaurants, waterfront attractions, and local amenities nearby. No parking is provided.
Key Highlights
- Eight bedrooms and three bathrooms
- 3,550 square feet on a 0.067‑acre lot
- Built in 1895
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,293
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,860
$1.2M
Cap Rate 7%
$847,043
$847.0K
Cap Rate 9%
$658,811
$658.8K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$90.7K $25.56/SF
− Vacancy
−$6.0K −$1.70/SF
EGI
$84.7K $23.86/SF
− OpEx
−$25.4K −$7.16/SF
NOI
$59.3K $16.70/SF
Area
Newport County, RI
Vacancy
6.65%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,860
Cap Rate 7%
$847,043
Cap Rate 9%
$658,811
Alternative Uses
Best Use
Multifamily LT 5
$847.0K
$741.2K – $988.2K
NOI $59,293 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$753.3K
$659.2K – $878.9K
NOI $52,732 @ 7.0% cap · market cap 2.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,583
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The home includes a fireplace, washer and dryer, and window-unit cooling.
Where is this duplex located?
The property is located at 34 Bull Street Newport, RI.
What is the asking price?
The asking price for this property is $1,860,000.
What are key features of this property?
This property features: Eight bedrooms and three bathrooms; 3,550 square feet on a 0.067‑acre lot; Built in 1895
