28 Pelham Street, Newport, RI 02840
Local realty services provided by:ERA Key Realty Services
Listed by: the kirby & kirby team, molly kirby
Office: kirby & kirby
MLS#:1405844
Source:RI_STATEWIDE
Price summary
- Price:$2,200,000
- Price per sq. ft.:$202.76
About this home
Presently being used as a commercial office building, 28 Pelham could be the next residential conversion right on Historic Hill. Whether you're searching for an occupied investment property, envisioning a residential conversion, or dreaming up Newport's next boutique hotel, 28 Pelham Street deserves your attention. Ideally situated in the heart of historic downtown Newport just one block from the iconic Bowens Wharf and Thames Street this three-story, 10,800 square foot building with a full basement offers rare versatility in one of New England's most coveted coastal markets. Currently operating as a multi-tenant office building with 16 individual tenants on yearly leases, the property generates consistent income from day one. Its well-laid-out floor plans across three full stories make it equally compelling for an owner-occupant seeking a signature headquarters, a developer with an eye toward adaptive reuse, or an investor looking to hold a stabilized asset in a high-demand location. Zoned General Business, the property also opens the door to a range of alternative uses including residential conversion and transient guest facilities subject to city approvals. Opportunities like 28 Pelham, where location, flexibility, and income converge, rarely come to market in downtown Newport. Don't let this one pass you by....
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Home facts
- Year built:1900
- Listing ID #:1405844
- Added:22 day(s) ago
- Updated:March 15, 2026 at 10:36 AM
Rooms and interior
- Total bathrooms:6
- Half bathrooms:6
- Flooring:Carpet, Hardwood
- Basement:Yes
- Basement Description:Exterior Entry, Full, Interior Entry, Unfinished
- Living area:10,850 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas
- Central air:Yes
Structure and exterior
- Year built:1900
- Building area:10,850 sq. ft.
- Lot area:0.12 Acres
- Architectural Style:Historic Antique
- Construction Materials:Clapboard, Drywall
- Foundation Description:Slab
- Levels:3 Story
Utilities
- Water:Connected, Public
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$2,200,000
- Price per sq. ft.:$202.76
- Tax amount:$13,249 (2025)
Features and amenities
- Amenities:Gas Water Heater, Skylights
Parking
- Parking description:No Garage
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