2 Perry Street Newport, RI $ 1,775,000
2 Perry Street
$ 1,775,000
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2 Perry Street

Newport, RI, 02840
$ 1,775,000
Bedrooms4 Baths3.1 Sq 2,580

Monthly Estimate*

$ 10,929

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Multi-Family Home for sale in Newport, RI

for $1,775,000 with 4 bedrooms and 3 full baths, 1 half bath. This 2,580 square foot home was built in 1870 on a lot size of 0.12.

Beautifully maintained mixed-use property in a prime Spring Street location. The street level features two office spaces, with two residential units above. Accessed via a private rear courtyard, the second-floor residence offers two bedrooms and two baths, granite countertops, stainless steel appliances, and in-unit laundry. One bedroom is configured as a private efficiency suite with its own kitchenette, full bath, and separate entrance ideal for guests or added flexibility. The third-floor unit includes two bedrooms, one bath, and an open-concept living/kitchen area. Additional highlights include parking for four vehicles, a charming rear courtyard, and separate utilities throughout, making this an excellent investment opportunity.

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Multi-Family Active

Price

$ 1,775,000

Bedrooms

4

Full Bath

3

Half Bath

1

Property Type

Multi-Family

Taxes

$ 11,008

Style

Lot Size

0.12

Year Built

1870

Town/City

Newport

County/Region

Newport

MLS | Web ID

1401964

Features
General
Sewer Connected
Heating Gas Hot Water
Cooling None Window Unit(s)
Utilities Sewer Connected
Possession Rental Agreement
Zoning R10
Garage Spaces 0
Construction Materials Drywall Plaster Clapboard Shingle Siding
Year Built 1870
Electric 200+ Amp Service
Property Subtype Multi Family
Tax Year 2025
Waterfront Features Walk to Water
Community Features Marina Near Hospital Near Schools Pool Recreation Area Shopping Tennis Court(s)
County Newport
Operating Expense 15000
New Construction false
Property Type Residential Income
Subdivision Name Spring Street
Garage Y/N false
Total Rooms 10
Full Baths 3
Status Active
City Newport
Senior Community Y/N false
Number Of Units Total 4
Lot Size Units Square Feet
Lot Size Square Feet 5227
Land Lease Y/N false
Tax Annual Amount 11008
Structure Type Apartment
Standard Status Active
Tax Assessed Value 1022500
Tax Lot 202
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Interior
Interior Amenities Interior Steps Skylights Stall Shower Tub Shower
Basement None
Flooring Carpet Hardwood
Total Fireplaces 0
Fireplace Features None
Total Stories 3
Basement (Y/N) false
Air Conditioning Y/N false
Heating Y/N true
Window Features Skylight(s)
Fireplace Y/N false
Half Baths 1
Laundry Features In Unit
Total Bedrooms 4
Total Baths 4
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Exterior
Parking Features No Garage
Lot Features Corner Lot
Water Source Connected
Total Parking 4
Inclusions Street level office space leased until 09/30/27. Second floor one-bedroom unit month to month. Efficiency unit leased until 2/28/26. Third floor unit leased until 7/31/26.
Lot Size Area 5227
Foundation Details Combination
Number of Buildings 1
Building Area Total 2580
Lot Size Acres 0.12
Covered Spaces 0
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* Excluded Features
List By
Gustave White Sotheby's Realty

Broker

msweeney@gustavewhite.com

Email

Affordability Calculator

$11,846
Per Month
92%
8%
0%
Monthly Principal & Interest
$10,929
Monthly Property Taxes
$917
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
1/23/2026$1,775,000 -2.74% Price Down
12/29/2025$1,825,000 Listed Price

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2 Perry Street, Newport, RI, 02840 is a Multi-Family Home for sale at $1,775,000 with 2,580 sqft and a lot size of 0.12. 2 Perry Street has 4 bedrooms, 3.1 baths, and was built in 1870. The property's zip code is 02840 which is in Newport, RI