Short Term Rental

Newport, RI Short Term Rental Properties for Sale

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Middletown, RI Jamestown, RI Portsmouth, RI Narragansett, RI Little Compton, RI South Kingstown, RI Tiverton, RI North Kingstown, RI
Two-Residence Historic Duplex
Updated: Sep 24
Two-Residence Historic Duplex

16 Sherman Street, Newport, RI 02840

$2,498,888
3,600 sqft 0.10 AC lot
Legal two‑residence configuration with a four‑bedroom main home and a two‑bedroom penthouse
Approximately 3,600 square feet with six bedrooms and three full baths
0.1‑acre parcel in Newport’s Historic Hill
Third‑floor balcony with western views toward the Pell Bridge
Brick patios, mature landscaping and a private backyard
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Duplex with Detached Garage
Updated: Oct 7
Duplex with Detached Garage

10 Hammond Street, Newport, RI 02840

$1,150,000
2,128 sqft 0.10 AC lot
Two apartments: a first‑floor 2‑bedroom, 1‑bath unit and an upper‑level 4‑bedroom, 2‑bath unit
2,128 square feet on a 0.1‑acre parcel
Separate utilities and heating systems for each apartment
Detached two‑car garage and off‑street parking
Built in 1910; R10 zoning
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Mixed-Use Property with Rooftop Deck
Mixed-Use Property with Rooftop Deck

424 Thames Street, Newport, RI 02840

$2,195,000
4,306 sqft

Three-unit property combining street-level commercial space with a short-term rental residence and off-street parking.

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Updated 3-Unit Multifamily Property
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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Renovated Mixed-Use Waterfront Building
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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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 Active listings in Newport, RI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Furnished Multifamily Building
Furnished Multifamily Building

67 Ridge Street, Providence, RI 02909

$1,500,000
5,653 sqft 0.20 AC lot

A rooming layout and shared kitchens support a mix of long-term and short-term rental operations.

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Upgraded Duplex Near Beach
Upgraded Duplex Near Beach

4 James Street, Middletown, RI 02842

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

Two rental units offer flexible layouts, furnished interiors, and seasonal occupancy through May 2026.

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Licensed Short-Term Rental Home
Licensed Short-Term Rental Home

57 Tuckerman Avenue, Middletown, RI 02842

Contact for pricing
3,907 sqft

2018 custom-built home operates as a licensed short-term rental and offers ocean views from all three levels.

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Updated Furnished Duplex
Updated Furnished Duplex

50 Stamford Avenue, Providence, RI 02907

$660,000

Furnished duplex with hardwood floors and an established short-term rental operation.

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Newport, RI Short Term Rental Properties Market Trends and Statistics

Explore 5 short term rental properties for sale in Newport, RI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 18,999 square feet of properties for sale, with an estimated market value of $11,288,888.

Sale prices for short term rental properties in Newport, RI start at $1,150,000, averaging $2,257,777, and reaching up to $3,250,000 — 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 26
Short term rental properties 6
Triplexes 2

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 Residential Income pricing trends in Newport County

Residential Income

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