Newport, RI Multifamily Properties for Sale

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Middletown, RI Jamestown, RI Portsmouth, RI Narragansett, RI Little Compton, RI North Kingstown, RI South Kingstown, RI Tiverton, RI

28 properties

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Updated: Jul 8

Historic Three-Unit Carriage House

2 Hazard Avenue, Newport, RI 02840

$7,500,000

8,660 sqft 0.64 AC lot

Three four‑bedroom residences within an 8,660‑square‑foot building
0.639‑acre property at 2 Hazard Avenue, Newport, RI 02840
Built in 1885; attributed to architect Dudley Newton
Private patios, porches, exposed stonework, beams, and wood paneling
12‑foot ceilings, hardwood and ceramic tile flooring, and fireplaces

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Updated: May 26

Renovated Two-Unit Duplex

7 Sheffield Avenue, Newport, RI 02840

$1,299,999

2,079 sqft 0.11 AC lot

2,079‑square‑foot duplex on a 0.113‑acre lot
Upper unit offers 2 bedrooms, 2 bathrooms, two decks, and bridge views
First‑floor unit includes 1 bedroom, 1 bathroom, and an office
Separate heat/AC systems and water meters for each unit
Full basement with storage and exterior access

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Historic Gambrel Duplex

57 Farewell Street, Newport, RI 02840

$2,200,000

3,848 sqft 0.18 AC lot

Colonial-era multifamily property with two residences, period detailing, and convenient access to downtown Newport.

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Renovated Multifamily Property

12 Poplar Street, Newport, RI 02840

$1,999,000

4,012 sqft 0.19 AC lot

Renovated property includes a main residence, private apartment, and detached cottage.

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Duplex with Private Gardens

16 Sherman Street, Newport, RI 02840

$3,395,000

3,600 sqft 0.10 AC lot

Separate upper-level apartment and updated building systems support flexible residential use.

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Duplex with Original Features

33 Elm Street, Newport, RI 02840

$1,200,000

2,000 sqft 0.10 AC lot

Legal two-family layout with fireplaces on both levels, an enclosed rear yard, and an updated first-floor kitchen.

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Duplex Property with Guest Cottage

18 Ledge Road, Newport, RI 02840

$6,800,000

3,400 sqft 1.63 AC lot

Two-residence property with a three-bedroom main home, separate rental cottage, and established residential improvements.

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Three-Unit Residential Income Property

32 Houston Avenue, Newport, RI 02840

$1,350,000

2,552 sqft 0.20 AC lot

Three-family home with an updated first-floor three-bedroom unit and two one-bedroom units, with two leases in place.

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8-Bedroom Duplex

34 Bull Street, Newport, RI 02840

$1,860,000

3,550 sqft 0.07 AC lot

Flexible floor plan with three full baths and walkable access to downtown Newport.

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Historic Two-Unit Duplex

98 John Street, Newport, RI 02840

$1,195,000

2,458 sqft 0.04 AC lot

Two-unit residential property with separate utilities, period details, and a private fenced brick patio.

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Newly Constructed Duplex Residence

31 Prescott Hall Road, Newport, RI 02840

$1,325,000

2,596 sqft

Two fully finished units with private outdoor space and flexible owner-occupant or rental configurations.

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Three-Level Duplex with Private Patios

1 Pell Street, Newport, RI 02840

$1,800,000

5,312 sqft 0.10 AC lot

Side-by-side residences offer flexible layouts, private outdoor space, and separate living arrangements in Newport.

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Historic Two-Family Residence

15 Ayrault Street, Newport, RI 02840

$1,675,000

3,505 sqft 0.18 AC lot

Legal duplex with separate apartments, preserved Victorian details, and a landscaped rear yard near Newport’s Bellevue Avenue district.

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Historic Two-Family Duplex

33 Elm Street, Newport, RI 02840

$1,200,000

2,000 sqft

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

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Historic Two-Unit Townhouse

98 John St, Newport, RI 02840

$1,195,000

2,458 sqft

Distinctive two-level residence with period details, separate utilities, private patio, and flexible living arrangements.

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Renovated Two-Family Residence

17 Dearborn Street, Newport, RI 02840

$1,445,000

2,100 sqft

Recently renovated two-family home with independently metered units, private laundry, and an expansive backyard.

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Renovated Duplex with Bridge Views

7 Sheffield Ave, Newport, RI 02840

$1,299,999

2,079 sqft

Two units offer separate utilities, outdoor areas, in-unit laundry, and off-street parking for four vehicles.

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Updated 3-Unit Multifamily Property

626 Thames Street, Newport, RI 02840

$2,195,000

4,165 sqft

Three residential units include off-street parking, a detached garage, and a valid transient guest facility license.

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Legal Two-Family Residence

15 Ayrault Street, Newport, RI 02840

$1,675,000

3,505 sqft

Legal two-family home with first-floor two-bedroom, two-bath suite and an upper four-bedroom, three-bath apartment.

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Duplex Property with Rental Cottage

18 Ledge Road, Newport, RI 02840

$6,800,000

1.60 AC lot

Two residences occupy a legal two-family lot with private green space and mature trees.

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Four-Unit Apartment Building

33 Halsey Street, Newport, RI 02840

$975,000

3,209 sqft 0.23 AC lot

Two-story multifamily building offers four 1-bedroom, 1-bath units with off-street parking on a 0.23-acre parcel.

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Renovated Mixed-Use Waterfront Building

491 Thames, Newport, RI 02840

$3,250,000

4,800 sqft

High-visibility, renovated mixed-use building with income potential in Newport.

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Furnished Two-Family Duplex

16 Dean Avenue, Newport, RI 02840

$1,195,000

Two residential units offer a flexible layout near waterfront recreation, dining, and downtown shopping.

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Tenant-Occupied Two-Unit Duplex with Patio

82 Burnside Avenue, Newport, RI 02840

$979,000

Duplex with tenant-occupied units, two off-street parking spaces, a private rear patio, and separate utilities.

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Newport, RI Multifamily Properties Market Trends and Statistics

Explore 29 multifamily properties for sale in Newport, RI, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 71,888 square feet of properties for sale, with an estimated market value of $58,992,998.

Sale prices for multifamily properties in Newport, RI start at $975,000, averaging $2,268,961, and reaching up to $7,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 25K

Population Growth (5Y) -5.8%

Median Household Income $83,515

College Educated 81.9%

High-Yield Neighborhoods for Investment

Identify Newport submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
02840	$2.3M

Taxes & Financing

Tax Rate (average for all types) 1.47%

Property Tax per SF $6.96 per SF

Tax Rate vs County Average 0.18 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Newport County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Newport County

Office

Residential Income

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