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    Newport, RI
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    Newport, RI Multifamily Properties for Sale

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    Mixed-Use Retail and Apartment Building
    Updated: Sep 11, 2024
    Mixed-Use Retail and Apartment Building

    130 Spring Street, Newport, RI 02840

    $2,050,000
    6,330 sqft 0.17 AC lot
    Two first‑floor retail spaces combined with 4 residential apartments upstairs
    Fully occupied building with strong rental history
    5 parking spaces on‑site
    Historic Newport building built in 1849
    Updated kitchens and baths; exterior was painted in August 2024
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    This listing looks promising.

    Here's a quick look at some key insights for

    130 Spring Street, Newport, RI 02840

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    • Est. Cap Rate

      5.2%
      NOI ÷ price

    • Est. NOI

      $106K
      Annual

    • Mortgage

      $2.45M
      May 2019

    • Last Sold

      Oct 2017
      $980K
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    Historic Stone Carriage House Triplex
    Updated: Jul 8
    Historic Stone Carriage House Triplex

    2 Hazard Avenue, Newport, RI 02840

    $7,500,000
    8,660 sqft 0.64 AC lot
    Stone carriage house originally built as stable and staff quarters; designed by architect Dudley Newton; year built 1885
    Set on over 1/2 acre with patio and porch areas
    Converted into three four‑bedroom residences, each with private patios and distinct architectural details
    Homes feature soaring 12‑foot ceilings and floor‑to‑ceiling sliding barn doors, plus wood paneling and exposed stonework and beams
    Each residence includes modern kitchen appliances such as dishwasher, microwave, oven/range, refrigerator, washer, and dryer
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    Renovated Multi-Family Home with Yard
    Renovated Multi-Family Home with Yard

    7 Sheffield Avenue, Newport, RI 02840

    $1,299,999
    2,079 sqft 0.11 AC lot

    Two-unit home with yard, modern amenities, and off-street parking.

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    Historic Duplex with Gambrel Roof
    Historic Duplex with Gambrel Roof

    57 Farewell Street, Newport, RI 02840

    $2,200,000
    3,848 sqft 0.18 AC lot

    Historic circa-1750 duplex with original period details, 12 fireplaces, and dedicated parking for both residences.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Two-Family Duplex with Hardwood Floors
    Two-Family Duplex with Hardwood Floors

    8 Mann Avenue, Newport, RI 02840

    $699,900

    Two separate units offer immediate live-in or rental use on one floor and renovation opportunity on the other, sold AS IS.

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    Two-Family Residential Property
    Two-Family Residential Property

    18 Ledge Road, Newport, RI 02840

    $7,200,000
    3,400 sqft 1.63 AC lot

    Two-family lot offering a three-bedroom main residence and a separate two-bedroom rental cottage in Newport.

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    8-Bedroom Multifamily Residence
    8-Bedroom Multifamily Residence

    34 Bull Street, Newport, RI 02840

    $1,960,000
    3,550 sqft 0.07 AC lot

    For sale duplex-style income property with eight bedrooms and three full baths, totaling 3,550 square feet on a small lot.

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    Historic Duplex Townhouse
    Historic Duplex Townhouse

    98 John Street, Newport, RI 02840

    $1,275,000
    2,458 sqft 0.04 AC lot

    Two-unit layout with tall ceilings, hardwood floors, stained-glass windows, and a private fenced patio.

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    Side-by-Side Duplex Income Property
    Side-by-Side Duplex Income Property

    1 Pell Street, Newport, RI 02840

    $1,800,000

    Two side-by-side residences offer private patios, hardwood floors, and dedicated parking with each unit spanning three levels.

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    Newport Multifamily Home with Income Potential
    Newport Multifamily Home with Income Potential

    1 Pell Street, Newport, RI 02840

    $1,800,000
    5,312 sqft 0.10 AC lot

    Two-family home in Newport, ideal for rental income or multi-generational living.

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    Updated Two-Family Residence
    Updated Two-Family Residence

    2 Bedlow Avenue, Newport, RI 02840

    $999,000
    2,016 sqft 0.09 AC lot

    Well-maintained two-family with substantial system updates, off-street parking, and a detached two-car garage for flexible income potential.

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    Renovated Mixed-Use Building on Thames
    Renovated Mixed-Use Building on Thames

    491 Thames Street, Newport, RI 02840

    $3,250,000

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

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    Victorian Two-Family Home
    Victorian Two-Family Home

    15 Ayrault Street, Newport, RI 02840

    $1,675,000
    3,505 sqft 0.18 AC lot

    Legal two-family residence with flexible layouts, recent mechanical updates, and parking for five vehicles in Newport.

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    Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 13 Active listings in Newport, RI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Village Property with Retail
    Mixed-Use Village Property with Retail

    21 East Road, Tiverton, RI 02878

    $1,325,000
    5,769 sqft 5.71 AC lot

    Mixed-use offering with three residential units, a renovated retail storefront, and a newly sided 3-bay garage/workshop.

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    Updated Multi-Family Near Easton Beach
    Updated Multi-Family Near Easton Beach

    45 Crescent Road, Middletown, RI 02842

    $1,900,000
    2,254 sqft 0.17 AC lot

    Updated 3-unit property near Easton Beach, ideal for investment.

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    Turnkey Two-Family Home Near Beach
    Turnkey Two-Family Home Near Beach

    4 James Street, Middletown, RI 02842

    $1,800,000
    5,144 sqft 0.25 AC lot

    Updated two-family home near Easton's Point, walking distance to beach.

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    Equestrian Estate with Indoor Riding Arena
    Equestrian Estate with Indoor Riding Arena

    3622 Main Road, Tiverton, RI 02878

    $2,500,000
    4,876 sqft 32.00 AC lot

    32-acre equestrian estate with three barns, 44 stalls, and an indoor riding arena.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Two-Family Home with Detached Garage
    Two-Family Home with Detached Garage

    39 Halsey Avenue, Southampton, NY 11968

    $2,300,000
    0.33 AC lot

    Vacant two-family residence on a 0.33-acre lot with a detached two-bay car garage and long driveway.

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    Expansive Land Parcel in Holmes
    Expansive Land Parcel in Holmes

    545 Grape Hollow Road, Holmes, NY 12531

    $750,000
    2,480 sqft 75.32 AC lot

    75+ acre land parcel with garage near I-84.

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    Residential Development Land with Ranch
    Residential Development Land with Ranch

    358 Roller Coaster Road, Laconia, NH 03246

    $1,195,000
    40.59 AC lot

    Surveyed for future subdivision of multiple home lots, with a 1998 2-bed, 2-bath ranch on site.

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    89 Acres Vacant Land Catskill
    89 Acres Vacant Land Catskill

    300 Game Farm Road, Catskill, NY 12414

    $899,900
    89.06 AC lot

    89 acres of vacant land near Catskill Game Farm.

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    Off-Market Properties in Newport, RI

    Consider similar Off-Market properties in Newport, RI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    130 Or 2
    Lifestyle centers

    130 Or 2, Newport, RI 02840

    Value Estimation by Request
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    Newport, RI Multifamily Properties Market Trends and Statistics

    Explore 14 multifamily properties for sale in Newport, RI, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 47,753 square feet of properties for sale, with an estimated market value of $31,908,899.

    Sale prices for multifamily properties in Newport, RI start at $699,900, averaging $2,659,074, 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

    Duplexes 10
    Short term rental properties 2
    Quadplexes 1
    Triplexes 1

    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 $2.2M

    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

    Retail

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