Turnkey Updated Triplex with
For Sale
$1,385,000
5 Elliot Place, Newport, RI 02840
Three-unit property with recent renovations, EV charger, 2-car garage, deck, and garden area plus five off-street parking spaces.
Days on Market70
Property Features for 5 Elliot Place
General Information
Standard status
Active
Total Parking Spaces
5
Property subtype
Multi-family
Lease Term
[]
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
EV charger
deck
garden area
2-car garage
Building Details
Year Built
1870
Tenancy
Multi
Listing Agency:
Edge Realty RI
Listed By:
Alexander Fraioli
(401) 619-8222
Source:
Teridegnan
Added: May 23
Changed: Jul 27
Last Checked: Jul 30 at 6:14PM
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 Edge Realty RI
Investment Insights
Based on property information with market context.
This updated triplex offers three residential units, including two spacious 3-bedroom apartments and an additional 2-bedroom apartment. Recent renovations include the roof, siding, windows, electrical, plumbing, and heating systems. Exterior amenities include a deck and garden area, along with a 2-car garage and an EV charger. Parking is also a strong point with five off-street spaces.
The property is located just off Upper Broadway, within close proximity to Broadway’s restaurants and shops, the U.S. Naval War College, and convenient highway access.
With a strong rental history and multiple renovated systems, the building is well-suited for buyers seeking a turnkey setup with established income-producing use.
The property is located just off Upper Broadway, within close proximity to Broadway’s restaurants and shops, the U.S. Naval War College, and convenient highway access.
With a strong rental history and multiple renovated systems, the building is well-suited for buyers seeking a turnkey setup with established income-producing use.
Key Highlights
- 3‑unit property built in 1870: two 3‑bedroom apartments plus an updated 2‑bedroom apartment
- Renovations include roof, siding, windows, electrical, plumbing, and heating systems
- Includes 5 off‑street parking spaces and a 2‑car garage
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
802
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with recent renovations, EV charger, 2-car garage, deck, and garden area plus five off-street parking spaces.
Where is this triplex located?
The property is located at 5 Elliot Place Newport, RI.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: 3‑unit property built in 1870: two 3‑bedroom apartments plus an updated 2‑bedroom apartment; Renovations include roof, siding, windows, electrical, plumbing, and heating systems; Includes 5 off‑street parking spaces and a 2‑car garage
