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8 Beds
3 Baths
2,918 sqft

$2,600,000

27 Elm Street, Newport RI, 02840

Price per sqft$891.02
Built in1857
Property size2,918 sqft
Property typeMulti-family

Overview

Active

Listed Oct 30, 2026

Updated 6h ago

A unique opportunity in one of Newport's most historic and desirable neighborhoods! Located on The Point, this substantial multi-family property offers an extraordinary combination of space, land, and potential. Spanning three floors with nearly 3,000 square feet of living space, the property features two legal units, totaling 8 bedrooms and 3 full bathrooms, with one full bathroom on each floor. The existing layout also offers the potential to be easily converted into an impressive single-family residence, providing flexibility for a variety of uses and visions. The oversized lot, measuring over 7,500 square feet, is an exceptional find for the area and provides possibilities rarely found in this location. Additional highlights include a four-bay garage and an expansive driveway with parking for approximately eight vehicles. Just blocks from downtown Newport, the Newport Shipyard, harbor, shops, and restaurants, with easy access to the Newport Bridge, the location offers convenience to everything Newport has to offer. This property is in need of a complete renovation and is ready for its next chapter. Whether you're an investor, contractor, or buyer with a vision, this is a rare opportunity to reimagine a property in one of Newport's most sought-after neighborhoods. Bring your ideas and unlock the full potential of this exceptional property.

$17,298/mo

Est. mortgage payment based on a $2,600,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1427366

Interior Features

Bedrooms
8
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Taxes
$9,991
Tax Frequency
Annually
Garage
Yes
Waterfront
Yes
55+/Senior Community
No

Courtesy of Hogan Associates Christie's, 401-954-8738

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Zander Realty Group are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

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Data last updated 7:36 PM UTC, 10/31/2026.

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