28 Young Street, Newport, RI 02840

Local realty services provided by:ERA Key Realty Services
28 Young Street,Newport, RI 02840
$1,420,000
Virtual Tour
  • 6 Beds
  • 3 Baths
  • 2,828 sq. ft.
  • Multi-family
  • Pending
Listed by: kevan campbell401-556-9563
Office: hogan associates christie's
MLS#:1395235
Source:RI_STATEWIDE

Price summary

  • Price:$1,420,000
  • Price per sq. ft.:$502.12

About this home

Prime downtown Newport three-family ideally located between Spring and Thames Street, just steps from the waterfront, dining, and shops. Strong rental history & income growth potential. Young Street is one of the few two-way streets in this downtown neighborhood, offering added convenience for tenants. Each of the three units offers 2 bedrooms and 1 bath, with all floors currently leased, for immediate cash flow. The building has a proven rental history with current rents well below market value. This would be a perfect seasonal rental which would maximize the rental return on investment. Seperate utilites for all units including furnaces. New hard-wired smoke alarm system being installed. Off-street parking for 3 cars plus a 2+ car garage. Garage is definite ADU possibility. Close proximity to Salve Regina the harbor, and downtown attractions make this an attractive year-round or seasonal rental option. Rarely does a three-family in this location, with this level of upside potential,

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Home facts

  • Year built:1885
  • Listing ID #:1395235
  • Added:42 day(s) ago
  • Updated:November 15, 2025 at 08:45 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,828 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Baseboard, Gas

Structure and exterior

  • Year built:1885
  • Building area:2,828 sq. ft.
  • Lot area:0.08 Acres

Utilities

  • Water:Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$1,420,000
  • Price per sq. ft.:$502.12
  • Tax amount:$6,473 (2025)
MLS LogoThe data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than ERA Key Realty Services are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved. Date Last Update: November 15, 2025

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