Condominium at 28 Kay Street UNIT 3, Newport
Condominium at 28 Kay Street UNIT 3, Newport, photo 2 of 25
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25 photos

$659,000

28 Kay Street UNIT 3
Newport, RI 02840
Listed by Alexander Fraioli
Bedrooms
1
Bathrooms
1
Living area
903 sqft
Year built
1856

About this home

Welcome to Newport living in the heart of the city’s historic district. This charming, oversized one-bedroom condo offers first-floor living, two designated off-street parking spaces, and a spacious, flexible layout just steps from downtown, restaurants, shops, the harbor, and beautiful hotels such as The Vanderbilt and Hotel Viking. Previously used as a two-bedroom, the home offers excellent flexibility for additional sleeping accommodations or guest space. The second living room has its own door and direct egress to the private patio and wooded parking area, giving the space added privacy and versatility. Two decorative fireplaces add classic Newport character and may offer potential for future gas conversion, subject to necessary approvals. Outside, enjoy a private patio perfect for grilling, relaxing, or summer evenings. Two dedicated parking spaces, a true rarity in Newport, make this an especially convenient in-town property. With its flexible layout, first-floor living, private outdoor space, period character, and exceptional walkability, this property works beautifully as a full-time residence, Newport getaway, or investment. Tenants are currently in place, and the property has a strong rental history.

Highlights

Fireplace

Property details

MLS #
1424409
Property type
Condominium
Subdivision
Kay/Catherine
Status
Active
Days on market
N/A
On market date
September 27, 2026
Stories
2
Total bathrooms
1
Garage spaces
N/A
Parking spaces
2
Lot size
N/A
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Claiborne Pell Elementary
1.27 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
0.17 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
Rogers High School
1.63 mi away · Grades 9-12
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
639
Student:teacher ratio
11.4:1
District
Newport

Walkability

Blended score for Newport's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

93
Highly walkable
out of 100
EPA National Walkability Index
17.7 / 20 -- Most walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks20
Schools11
Transit stops20
Pharmacies2

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 716 active listings in Newport right now is $5,000.

Mortgage calculator

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Est. monthly payment
$4,119/mo
$131,800 down
$527,200 loan
Principal & interest$3,419
Property tax (est.)$549
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 1 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.