5 Elliot Place
Newport, RI, 02840 $ 1,375,000
Bedrooms8 Baths3.0 Sq 3,358 Monthly Estimate*
$ 8,682
for $1,375,000 with 8 bedrooms and 3 full baths. This 3,358 square foot home was built in 1870 on a lot size of 0.12.
Just off Upper Broadway, this well-maintained three-family home offers two spacious 3-bedroom apartments and an updated 2-bedroom apartment, all featuring modern improvements. Major capital expenditures have already been addressed, making this a truly turnkey opportunity. Recent improvements include a newer roof, clapboard siding, windows and exterior PVC trim, gutters, chimney caps, updated electrical, plumbing and heating systems, a new sewer main, sump pump, EV charging station, and Trex decking. The individual units were also updated just a few years ago. Additional highlights include five off-street parking spaces, a two-car garage, deck, and garden area. Ideally located just off Broadway, the property is close to restaurants and shops, the U.S. Naval War College, downtown Newport, and convenient highway access. Lastly, this property is eligible for a 2/1 interest rate buydown through AnnieMac Home Mortgage. Qualified buyers may be able to start with an interest rate 2% below the prevailing rate in year one and 1% below in year two, subject to lender approval and program guidelines. Contact the listing agent for additional details.
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FeaturesGeneralSewer Connected Public Sewer
Heating Gas Hot Water Oil
Cooling None
Utilities Sewer Connected
Possession Immediately
Zoning R10
Garage Spaces 2
Construction Materials Drywall Clapboard
Year Built 1870
Electric 100 Amp Service
Property Subtype Multi Family
Tax Year 2025
Community Features Highway Access Near Hospital Near Schools Pool Public Transportation Recreation Area Restaurant Shopping Tennis Court(s)
County Newport
Operating Expense 10000
New Construction false
Property Type Residential Income
Attached Garage false
Subdivision Name North Broadway
Garage Y/N true
Total Rooms 15
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 5227
Land Lease Y/N false
Tax Annual Amount 7371
Virtual Tour https://tour.RiLiving.com/5-Elliot-Place-Newport-RI-02840
Structure Type Apartment
Standard Status Active
Tax Assessed Value 848300
Tax Lot 130
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InteriorInterior Amenities Bathtub Interior Steps Tub Shower
Basement Full Unfinished
Flooring Hardwood
Total Fireplaces 2
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N true
Half Baths 0
Laundry Features Common Area In Unit
Total Bedrooms 8
Total Baths 3
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ExteriorParking Features Detached Garage
Water Source Connected Public
Total Parking 5
Inclusions Rent roll upon request.
Lot Size Area 5227
Foundation Details Stone
Number of Buildings 1
Building Area Total 3358
Lot Size Acres 0.12
Covered Spaces 2
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $8,682
- Monthly Property Taxes
- $614
- 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.
Learn more about how to save NearbyMulti-family listings in Newport, RI
Average List Price $1,887,588
Percent of Sale Price 37%
About Newport, RI 25,085 Population
-5% Since 2002
$ 63,135 Median Income
37.91 Median Age
17% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/26/2026 | $1,375,000 | | Listed Price |