57 Farewell Street Newport, RI $ 2,500,000
57 Farewell Street
$ 2,500,000
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57 Farewell Street

Newport, RI, 02840
$ 2,500,000
Bedrooms6 Baths3.2 Sq 3,848

Monthly Estimate*

$ 15,785

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Multi-Family Home for sale in Newport, RI

for $2,500,000 with 6 bedrooms and 3 full baths, 2 half baths. This 3,848 square foot home was built in 1750 on a lot size of 0.18.

Steeped in Newport history, this remarkable circa-1750 property is believed by local tradition to be the first duplex in America, a rare and significant example of Colonial-era multifamily architecture. Built by brothers Joseph and William Cozzens, a hat maker and a wig maker, it retains an extraordinary collection of original period details. One of the "Operation Clapboard" original restorations, it was purchased in 1965 by the current owners, who lovingly restored it as a demonstration project, and it has appeared in many books, magazines, and newspaper articles. Distinctive among Newport Colonials, this Gambrel features 12 fireplaces with deft tile surrounds, generously scaled rooms with high ceilings, and original staircases with ornate period detail. Both sides have formal living rooms, dining rooms, and a study with built-in bookcases, plus two bedrooms and a full bath. 59 Farewell also has a finished third floor with two bedrooms and a bath. Outside, a charming secret garden enclosed on two sides by a tall paneled fence offers a private retreat, while dedicated parking on either side serves both residences. Easy access to downtown Newport and its amenities is a bonus. This is an exceptional opportunity to own a truly historic national landmark. However not in the Historic District, thus allowing the new owners flexibility with renovations. This property is being sold AS IS, pre-inspection report available.

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Multi-Family Active

Price

$ 2,500,000

Bedrooms

6

Full Bath

3

Half Bath

2

Property Type

Multi-Family

Taxes

$ 27,540

Style

Lot Size

0.18

Year Built

1750

Town/City

Newport

County/Region

Newport

MLS | Web ID

1415171

Features
General
Sewer Public Sewer
Heating Baseboard Oil
Cooling None
Possession Immediately Negotiable
Garage Spaces 0
Construction Materials Plaster Clapboard
Year Built 1750
Electric 100 Amp Service
Tenant Pays Hot Water
Property Subtype Multi Family
Tax Year 2025
County Newport
Operating Expense 0
New Construction false
Property Type Residential Income
Subdivision Name The Point
Garage Y/N false
Total Rooms 18
Full Baths 3
Status Active
City Newport
Senior Community Y/N false
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 7841
Land Lease Y/N false
Tax Annual Amount 27540
Virtual Tour https://my.matterport.com/show/?m=5zHdUZTXr8f
Standard Status Active
Tax Assessed Value 3169500
Tax Lot 161
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Interior
Interior Amenities Attic Permanent Attic Stairs Storage Tub Shower
Basement Exterior Entry Full Interior Entry Unfinished
Flooring Ceramic Tile Hardwood
Total Fireplaces 12
Fireplace Features Masonry
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N true
Half Baths 2
Laundry Features Common Area
Total Bedrooms 6
Total Baths 5
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Exterior
Parking Features No Garage
Lot Features Corner Lot
Water Source Public
Total Parking 3
Inclusions Has been owner occupied for the past few years. No rental history to provide for either unit.
Lot Size Area 7841
Foundation Details Brick/Mortar
Number of Buildings 1
Building Area Total 3848
Lot Size Acres 0.18
Covered Spaces 0
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* Excluded Features
List By
Gustave White Sotheby's Realty

Broker

sspeer@gustavewhite.com

Email

Affordability Calculator

$18,080
Per Month
87%
13%
0%
Monthly Principal & Interest
$15,785
Monthly Property Taxes
$2,295
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
6/18/2026$2,500,000 Listed Price

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57 Farewell Street, Newport, RI, 02840 is a Multi-Family Home for sale at $2,500,000 with 3,848 sqft and a lot size of 0.18. 57 Farewell Street has 6 bedrooms, 3.2 baths, and was built in 1750. The property's zip code is 02840 which is in Newport, RI