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Shomari Lewis

shomari.lewis@engelvoelkers.com +1(401) 864-1786

$ 2,600,000

Est. payment -/mo

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Open Sun 12PM-2PM

27 Elm ST Newport, RI 02840

8 Beds

3 Baths

2,918 SqFt

Open House

Sat Oct 31, 11:00am - 1:00pm

Sun Nov 01, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,918 sqft

Price per Sqft $891

Subdivision The Point

MLS Listing ID 1427366

Style Stacked

Bedrooms 8

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 2,918

Year Built 1857

Annual Tax Amount $9,991

Tax Year 2026

Lot Size 7,535 Sqft

Acres 0.173

Property Sub-Type Multi Family

Property Description

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.

Location

State RI

County Newport

Community The Point

Zoning R10

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Interior Features Attic, Stall Shower, Tub Shower

Heating Hot Water, Oil

Cooling None

Flooring Hardwood, Other, Vinyl

Inclusions SOLD AS IS.

Fireplace No

Appliance Electric Water Heater

Laundry Common Area

Exterior

Parking Features Detached

Garage Spaces 4.0

Community Features Sidewalks

Utilities Available Sewer Connected

Waterfront Description Walk to Water

Total Parking Spaces 10

Garage Yes

Building

Foundation Combination

Sewer Connected, Public Sewer

Water Connected, Public

Architectural Style Stacked

Structure Type Drywall,Plaster,Clapboard,Shingle Siding

New Construction No

Others

Senior Community No

Tax ID 27ELMSTNEWP

Virtual Tour https://tour.RiLiving.com/27-Elm-Street-Newport-RI-02840

Listed by Hogan Associates Christie's

NEARBY SCHOOLS & PROPERTIES

Shomari Lewis

Advisor License ID: 9574211

+1(401) 864-1786

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