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    Newport, RI Residential Income Properties for Sale

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    Middletown, RI Jamestown, RI Narragansett, RI
    16 listings
    Two-Family Residential Property
    $7,200,000
    3,400 SF
    Two-Family Residential Property

    18 Ledge Road, Newport, RI 02840

    Two-family lot offering a three-bedroom main residence and a separate two-bedroom rental cottage in Newport.
    • 1.6‑acre Ledge Road property with a legal two‑family setup for flexible living or rental use
    • Main residence includes three bedrooms and a fireplace
    • Separate two‑bed rental cottage (guest house) on the same property
    • Central air cooling plus electric and natural gas baseboard heating
    • Skylights and hardwood flooring (with carpet in select areas)
    Updated: Jun 4
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    Newport Multifamily Investment Opportunity
    $1,960,000
    3,550 SF
    Newport Multifamily Investment Opportunity

    34 Bull Street, Newport, RI 02840

    Well-maintained 8-bedroom property in desirable, walkable Newport neighborhood.
    • 8‑bedroom, 3‑bath home built in 1895
    • Flexible layout with bedrooms 1–8 and multiple bathrooms, plus a basement
    • Forced‑air natural gas heating with window unit cooling
    • Hardwood and ceramic tile flooring throughout
    • Kitchen appliances included: dishwasher, microwave, oven/range, and refrigerator; washer and dryer included
    Updated: May 26
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    Updated Two-Family Residence
    $999,000
    2,016 SF
    Updated Two-Family Residence

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

    2 Bedlow Avenue, Newport, RI 02840

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    Renovated Multi-Family Home with Yard
    $1,299,999
    2,079 SF
    Renovated Multi-Family Home with Yard

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

    7 Sheffield Avenue, Newport, RI 02840

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    Newport Development Opportunity: 1.37 Acres
    $2,450,000
    27,460 SF
    Newport Development Opportunity: 1.37 Acres

    Two lots totaling 1.37 acres in Newport, Rhode Island.

    Sheffield Avenue, Newport, RI 02840

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    Two-Family Residential Property
    $699,900
    1,795 SF
    Two-Family Residential Property

    Two-unit duplex with hardwood floors, offering a solid first-floor unit and a renovation opportunity on the second level.

    8 Mann Avenue, Newport, RI 02840

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    Historic Hill Townhouse, Newport
    $1,275,000
    2,458 SF
    Historic Hill Townhouse, Newport

    Two-unit property near Bellevue Avenue and Newport Harbor.

    98 John Street, Newport, RI 02840

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    Newport Multifamily Home with Income Potential
    $1,800,000
    5,312 SF
    Newport Multifamily Home with Income Potential

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

    1 Pell Street, Newport, RI 02840

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    Renovated Mixed-Use Waterfront Building
    $3,250,000
    4,800 SF
    Renovated Mixed-Use Waterfront Building

    High-visibility Newport property with short-term rentals and retail spaces.

    491 Thames Street, Newport, RI 02840

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    Newport Multifamily with Conversion Potential
    $1,400,000
    2,313 SF
    Newport Multifamily with Conversion Potential

    Two-unit residence with a converted barn in historic Newport.

    74 Third Street, Newport, RI 02840

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    Historic Newport Mixed-Use Building
    $2,200,000
    6,330 SF
    Historic Newport Mixed-Use Building

    Classic building with retail and residential units in downtown Newport.

    130 Spring Street, Newport, RI 02840

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    Mixed-Use Property in Prime Location
    $1,775,000
    2,372 SF
    Mixed-Use Property in Prime Location

    Mixed-use property with office/retail spaces and residential units.

    2 Perry, Newport, RI 2840

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    Mixed-Use Property in Prime Location
    $1,775,000
    2,372 SF
    Mixed-Use Property in Prime Location

    Mixed-use property with office spaces and residential units in Newport.

    2 Perry Street, Newport, RI 2840

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    Mixed-Use Property in Prime Location
    $1,775,000
    Mixed-Use Property in Prime Location

    Well-maintained mixed-use property with office and residential units.

    2 Perry Street, Newport, RI 2840

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    Renovated Mixed-Use Building on Thames
    $3,250,000
    Renovated Mixed-Use Building on Thames

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

    491 Thames Street, Newport, RI 2840

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    Renovated Mixed-Use Waterfront Building
    $3,250,000
    4,800 SF
    Renovated Mixed-Use Waterfront Building

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

    491 Thames, Newport, RI 2840

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    Based on your search, we've compiled 25 Potential Opportunities for your consideration. Besides 16 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.

    Renovated Duplex in Narragansett Pier
    $999,900
    1,728 SF
    Renovated Duplex in Narragansett Pier

    Updated duplex near the ocean with investment potential.

    194 S Pier Road, Narragansett, RI 02882

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    Updated Multi-Family Near Easton Beach
    $1,900,000
    2,254 SF
    Updated Multi-Family Near Easton Beach

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

    45 Crescent Road, Middletown, RI 02842

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    Turnkey Two-Family Home Near Beach
    $1,800,000
    5,144 SF
    Turnkey Two-Family Home Near Beach

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

    4 James Street, Middletown, RI 02842

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    Water View Home Opportunity
    $1,175,000
    0.12 Acres
    Water View Home Opportunity

    Updated home with rental history and expansion potential.

    26 Richard Smith Road, Narragansett, RI 02882

    View details

    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.

    Gray Craig Estate Building Lot
    $1,750,000
    1.39 Acres
    Gray Craig Estate Building Lot

    1.39-acre building lot near Second Beach and downtown Newport.

    141 Gray Craig Road, Middletown, RI 02842

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    Land Parcel in Middletown, RI
    $1,400,000
    2.78 Acres
    Land Parcel in Middletown, RI

    2.78 acre parcel near beaches and downtown Newport.

    100 Summerfield Lane, Middletown, RI 02842

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    Portsmouth Buildable Lot Near Farm
    $399,000
    0.47 Acres
    Portsmouth Buildable Lot Near Farm

    Buildable lot with approved septic design near local amenities.

    249 Middle Road, Portsmouth, RI 02871

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    Land in Indian Lake Shores
    $199,000
    0.26 Acres
    Land in Indian Lake Shores

    Land with lake access near beaches, shopping, and restaurants.

    Indian Trail S, South Kingstown, RI 02879

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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
    Value Estimation by Request

    130 Or 2, Newport, RI 02840

    View details

    Newport, RI Residential Income Properties Investment Opportunities Market Analysis

    Explore 17 residential income properties for sale in Newport, RI, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 71,057 square feet of properties for sale, with an estimated market value of $31,333,899.

    Sale prices for residential income properties in Newport, RI start at $699,900, averaging $2,238,135, and reaching up to $7,200,000 — 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

    Multifamily properties 15
    Duplexes 8
    Short term rental properties 5
    Apartment buildings 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 $1.9M

    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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