Multi Family at 57 Farewell Street, Newport
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$2,200,000

57 Farewell Street
Newport, RI 02840
Listed by Shana Speer
Bedrooms
6
Bathrooms
3.2
Living area
N/A
Year built
1750

About this home

Steeped in Newport history, this remarkable circa-1750 property is believed by local tradition to be the first duplex in America, a rare and significant example of Colonial-era multifamily architecture. Built by brothers Joseph and William Cozzens, a hat maker and a wig maker, it retains an extraordinary collection of original period details. One of the "Operation Clapboard" original restorations, it was purchased in 1965 by the current owners, who lovingly restored it as a demonstration project and it has appeared in many books, magazines, and newspaper articles. Distinctive among Newport Colonials, this Gambrel features 12 fireplaces with deft tile surrounds, generously scaled rooms with high ceilings, and original staircases with ornate period detail. Both sides have formal living rooms, dining rooms, and a study with built-in bookcases, plus two bedrooms and a full bath. 59 Farewell also has a finished third floor with two bedrooms and a bath. Outside, a charming secret garden enclosed on two sides by a tall paneled fence offers a private retreat, while dedicated parking on either side serves both residences. Easy access to downtown Newport is a bonus. This is an exceptional opportunity to own a truly historic landmark. Not in the Historic District, allowing new owners flexibility with renovations. Property can be 2 condos without needing zoning approval, a great investment opportunity. This property is being sold AS IS, pre-inspection report available.

Highlights

Fireplace

Property details

MLS #
1415171
Property type
Multi Family
Subdivision
The Point
Status
Active
Days on market
68
On market date
June 18, 2026
Stories
3
Total bathrooms
5
Garage spaces
N/A
Parking spaces
3
Lot size
0.18 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Claiborne Pell Elementary
1.13 mi away · Grades -1-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
744
Student:teacher ratio
10.9:1
District
Newport
Middle
Frank E. Thompson Middle
0.28 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
565
Student:teacher ratio
9.7:1
District
Newport
High
Newport Area Career Tech Ctr
1.79 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
Not yet rated
Local Score not yet available for this school
District
Newport

Mortgage calculator

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Est. monthly payment
$13,399/mo
$440,000 down
$1,760,000 loan
Principal & interest$11,415
Property tax (est.)$1,833
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.