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Coldwell Banker Realty
28 Young Street, Newport, RI 02840
- $1,410,000
- 6
- BD
- 3
- BA
- Sold Price
- $1,410,000
- List Price
- $1,420,000
- Status
- CLOSED
- MLS#
- 1395235
- Closing Date
- Dec 30, 2025
- Year Built
- 1885
- Bedrooms
- 6
- Bathrooms
- 3
- Acres
- 0.08
- Subdivision
- Thames Spring
Property Description
Prime downtown Newport three-family ideally located between Spring and Thames Street, just steps from the waterfront, dining, and shops. Strong rental history & income growth potential. Young Street is one of the few two-way streets in this downtown neighborhood, offering added convenience for tenants. Each of the three units offers 2 bedrooms and 1 bath, with all floors currently leased, for immediate cash flow. The building has a proven rental history with current rents well below market value. This would be a perfect seasonal rental which would maximize the rental return on investment. Seperate utilites for all units including furnaces. New hard-wired smoke alarm system being installed. Off-street parking for 3 cars plus a 2+ car garage. Garage is definite ADU possibility. Close proximity to Salve Regina the harbor, and downtown attractions make this an attractive year-round or seasonal rental option. Rarely does a three-family in this location, with this level of upside potential, come to market.
Additional Information
- Taxes
- $6,472
- Lot Size
- 3,310
- Interior Features
- Stall Shower
- Flooring
- Vinyl, Carpet
- Heating
- Baseboard, Gas
- Cooling System Type
- Window Unit(s)
- Sewer
- Connected
- Water Source
- Connected
- Appliances
- Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
- Basement
- Full, Unfinished
- Exterior Features
- Balcony
- Garage Spaces
- 2
- Parking Spaces
- 5
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Listing courtesy of Hogan Associates Christie's. Contact: 401-556-9563
Selling Office: Lila Delman Compass.
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