32 Houston Avenue Newport, RI $ 1,350,000
32 Houston Avenue
$ 1,350,000
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32 Houston Avenue

Newport, RI, 02840
$ 1,350,000
Bedrooms5 Baths3.0 Sq 2,552

Monthly Estimate*

$ 8,312

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Multi-Family Home for sale in Newport, RI

for $1,350,000 with 5 bedrooms and 3 full baths. This 2,552 square foot home was built in 1880 on a lot size of 0.1952.

Rare three-family home in Newport's Fifth Ward set on an oversized 8,500+ square foot lot, just six doors from King Park and Newport Harbor. A short walk brings you to Thames Street, downtown, and some of the area's best dining, shops, beaches, NYYC, Ida Lewis YC, and more. One of Newport's most walkable and desirable coastal neighborhoods. The property features an updated first-floor three-bedroom unit with in-unit laundry, along with two well-maintained one-bedroom units on the second and third floors. Two of the three units currently have leases in place, offering immediate income with flexibility moving forward. Whether maintained as a multi-family investment, repositioned to increase rental potential, or converted into a larger single-family residence, the property offers multiple paths depending on your goals. The expansive lot provides ample off-street parking and presents additional opportunity for outdoor improvements, a garage, or future expansion. A strong offering in a PRIME location, with both current income and long-term upside.

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Multi-Family Active

Price

$ 1,350,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 9,402

Style

Lot Size

0.1952

Year Built

1880

Town/City

Newport

County/Region

Newport

MLS | Web ID

1410680

Features
General
Sewer Connected Public Sewer
Heating Baseboard Gas Hot Water
Cooling Window Unit(s)
Utilities Sewer Connected
Possession Close Through 45 Days Negotiable Rental Agreement
Zoning R10
Garage Spaces 0
Construction Materials Drywall Vinyl Siding
Year Built 1880
Electric 200+ Amp Service
Tenant Pays Hot Water
Property Subtype Multi Family
Tax Year 2025
Waterfront Features Walk to Water
Community Features Marina Pool Recreation Area Restaurant Shopping
County Newport
Operating Expense 0
New Construction false
Property Type Residential Income
Garage Y/N false
Total Rooms 13
Full Baths 3
Status Active
City Newport
Senior Community Y/N false
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 8502
Land Lease Y/N false
Tax Annual Amount 9402
Virtual Tour https://tour.RiLiving.com/32-Houston-Avenue-Newport-RI-02840
Standard Status Active
Tax Assessed Value 1082100
Tax Lot 303
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Interior
Interior Amenities Tub Shower Furnished
Basement Full Unfinished Walk-Out Access
Flooring Vinyl
Furnished Y/N Furnished
Total Fireplaces 0
Fireplace Features None
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Common Area In Unit
Total Bedrooms 5
Total Baths 3
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Exterior
Parking Features No Garage
Water Source Connected Public
Total Parking 8
Lot Size Area 8502
Foundation Details Combination
Number of Buildings 1
Building Area Total 2552
Lot Size Acres 0.1952
Covered Spaces 0
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* Excluded Features
List By
Re/Max Results

Broker

TylerB@resultswithremax.com

Email

Affordability Calculator

$9,096
Per Month
91%
9%
0%
Monthly Principal & Interest
$8,312
Monthly Property Taxes
$784
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
4/22/2026$1,350,000 Listed Price

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32 Houston Avenue, Newport, RI, 02840 is a Multi-Family Home for sale at $1,350,000 with 2,552 sqft and a lot size of 0.1952. 32 Houston Avenue has 5 bedrooms, 3.0 baths, and was built in 1880. The property's zip code is 02840 which is in Newport, RI