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    Newport, RI Residential Income Properties for Sale

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    Newport Multifamily Home with Income Potential
    Updated: Aug 13, 2025
    Newport Multifamily Home with Income Potential

    1 Pell Street, Newport, RI 02840

    $1,800,000
    5,312 sqft 0.10 AC lot
    Side‑by‑side two‑family home built in 1910 with two separate residences.
    Each unit spans 3 levels and includes its own private patio.
    Left side: 4 bedrooms and 2 bathrooms with pocket doors and a kitchen with patio access.
    Right side: 3 bedrooms and 2 bathrooms with a kitchen/dining area and patio access; includes a sun room.
    Hardwood flooring throughout; tile - ceramic flooring in bathrooms and other tiled areas.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1 Pell Street, Newport, RI 02840

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    • Est. Cap Rate

      4.9%
      NOI ÷ price

    • Est. NOI

      $89K
      Annual

    • Price @ 7% Cap

      $1.27M
      Suggested
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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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    Legal Two-Family Residential Home
    Legal Two-Family Residential Home

    15 Ayrault Street, Newport, RI 02840

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

    Legal two-family dwelling with five off-street parking spaces and recent mechanical upgrades on a sizable Newport lot.

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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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Three-Unit Residential Income Property
    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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    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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    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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    Multi-Family Home with 8 Bedrooms
    Multi-Family Home with 8 Bedrooms

    34 Bull Street, Newport, RI 02840

    $1,860,000
    3,550 sqft 0.07 AC lot

    Well-maintained multi-family property offering eight bedrooms and three full baths with a flexible floor plan.

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    Renovated Two-Family Residence
    Renovated Two-Family Residence

    17 Dearborn Street, Newport, RI 02840

    $1,495,000
    2,100 sqft

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

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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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    Legal Two-Family Residence
    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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    Mixed-Use Retail and Apartment Building
    Mixed-Use Retail and Apartment Building

    130 Spring Street, Newport, RI 02840

    $2,050,000
    6,330 sqft 0.17 AC lot

    Historic building with combined retail on the first floor and four apartments upstairs, fully occupied with updated interiors.

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    Four-Unit Apartment Building
    Four-Unit Apartment Building

    33 HALSEY ST, Newport, RI 02840

    Contact for pricing
    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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    Turnkey Two-Family Residential Income
    Turnkey Two-Family Residential Income

    24 Pond Avenue, Newport, RI 02840

    $895,000

    Well-maintained two-family property with three levels of living space, separate utilities, and basement storage for added functionality.

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    Historic Duplex with Secret Garden
    Historic Duplex with Secret Garden

    57 Farewell Street, Newport, RI 02840

    $2,200,000

    Circa-1750 gambrel duplex with formal rooms, 12 fireplaces, dedicated parking, and a fenced secret garden.

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    Historic Inn and Barn Residence
    Historic Inn and Barn Residence

    352 Spring Street, Newport, RI 02840

    $4,500,000

    Historic 1803 inn with five guest rooms, licensed for legal short-term rentals, plus restored barn residence and separate cottage.

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    Two-Family Residence with Fenced Backyard
    Two-Family Residence with Fenced Backyard

    31 Prescott Hall Road, Newport, RI 02840

    $1,399,000

    Newly constructed two-family home with hardwood floors, mini-split HVAC, and a fully fenced backyard with outdoor dining and fire pit.

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    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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    Tenant-Occupied Two-Unit Duplex with Patio
    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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    Turnkey Updated Triplex with Garage
    Turnkey Updated Triplex with Garage

    5 Elliot Place, Newport, RI 02840

    $1,385,000

    Three-unit property with recent renovations, EV charger, 2-car garage, deck, and garden area plus five off-street parking spaces.

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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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    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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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 22 Active Listings in Newport, RI, we suggest to view alternatives - similar 1 Off-Market properties to explore as potential leads.

    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 Residential Income Properties Market Trends and Statistics

    Explore 23 residential income properties for sale in Newport, RI, showcased through 22 active listings on our real estate platform. These investment opportunities span a total of 50,508 square feet of properties for sale, with an estimated market value of $48,487,899.

    Sale prices for residential income properties in Newport, RI start at $699,900, averaging $2,308,947, 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

    Multifamily properties 23
    Duplexes 15
    Short term rental properties 4
    Triplexes 3
    Quadplexes 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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