Elayna Cassidy
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Multi Family at 9 Dearborn Street, Newport
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33 photos

$2,850,000

9 Dearborn Street
Newport, RI 02840
Listed by Chrysanthe Taj
Bedrooms
8
Bathrooms
6
Living area
N/A
Year built
2025

About this home

Rare opportunity to own the entire Sancerre property in Newport’s sought-after Yachting Village. This new-construction property offers three beautifully appointed residences, providing strong rental income potential and exceptional flexibility for investment, personal use, or multi-generational living. Each residence features custom kitchens, quality finishes, marble-appointed baths, hardwood and tile flooring, central air, in-unit laundry, and its own dedicated off-street parking space. Multiple decks and porches provide inviting outdoor space, while the property’s location places you just steps from Thames Street, Newport’s waterfront, restaurants, shops, marinas and King Park. With three separate living spaces, the property offers the ability to generate income from individual residences or accommodate larger groups, while also providing an ideal setup for extended or multi-generational living. Enjoy Newport together while maintaining separate private spaces for family and guests. A unique opportunity to own a turnkey, income-producing property in the heart of Newport, combining new construction, exceptional location, dedicated parking and the flexibility to enjoy the property for generations to come.

Property details

MLS #
1424559
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
September 28, 2026
Stories
3
Total bathrooms
6
Garage spaces
N/A
Parking spaces
3
Lot size
0.0985 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Claiborne Pell Elementary
2.08 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
0.9 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
0.82 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

Walkability

Blended score for Newport's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

92
Highly walkable
out of 100
EPA National Walkability Index
17.8 / 20 -- Most walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores9
Parks20
Schools10
Transit stops20
Pharmacies1

Market position

How this listing compares to current activity in Newport, from live MLS data.

On the market 0 days -- 79 fewer days than Newport's current average of 79 days.
For reference, the median list price across 730 active listings in Newport right now is $5,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$17,313/mo
$570,000 down
$2,280,000 loan
Principal & interest$14,788
Property tax (est.)$2,375
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.