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    Newport, RI
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    Newport, RI Triplexes for Sale

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    Three-Unit Residential Income Property
    Updated: Jul 8
    Three-Unit Residential Income Property

    32 Houston Avenue, Newport, RI 02840

    $1,350,000
    2,552 sqft 0.20 AC lot
    1880‑built three‑family home in Newport’s Fifth Ward with an updated first‑floor 3‑bedroom unit and two 1‑bedroom units
    Oversized 8,500+ sq ft lot with ample off‑street parking and room for outdoor improvements
    Updated first‑floor unit includes in‑unit laundry
    Two of the three units currently have leases in place for immediate income
    Walkable to King Park, Newport Harbor, and Thames Street/downtown amenities
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    This listing looks promising.

    Here's a quick look at some key insights for

    32 Houston Avenue, Newport, RI 02840

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    • Est. Cap Rate

      3.2%
      NOI ÷ price

    • Est. NOI

      $43K
      Annual

    • Price @ 7% Cap

      $609K
      Suggested

    • Property Type

      Triplex
      Built 1880
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    Historic Three-Unit Carriage House
    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 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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    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 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.

    Mixed-Use Property with Garage
    Mixed-Use Property with Garage

    21 East Road, Tiverton, RI 02878

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

    Three legal residential units accompany a renovated retail storefront and substantial workshop space in Tiverton Four Corners.

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    Mixed-Use Retail and Residential Property
    Mixed-Use Retail and Residential Property

    21 East Road, Tiverton, RI 02878

    $1,325,000
    2,352 sqft 6.00 AC lot

    Renovated retail storefront plus three legal residential units and a 3-bay garage/workshop on two lots.

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    Well-Maintained 3-Family Residence
    Well-Maintained 3-Family Residence

    646 Birch Street, Fall River, MA 02724

    $629,999
    2,619 sqft

    Three residential units each offer 3 bedrooms, with updates including plumbing, electric, siding, and a roof under 10 years.

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    Remodeled Three-Family Home with Garage
    Remodeled Three-Family Home with Garage

    15 Higgins St, Fall River, MA 02724

    $650,000
    0.24 AC lot

    Remodeled 3-family near Fall River T Station.

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    Newport, RI Triplexes Market Trends and Statistics

    Explore 4 triplexes for sale in Newport, RI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 15,377 square feet of properties for sale, with an estimated market value of $12,430,000.

    Sale prices for three-family homes in Newport, RI start at $1,350,000, averaging $3,107,500, 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 17
    Triplexes 4
    Short term rental properties 3

    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 $3.4M

    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)

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