John Bagnell
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Multi Family at 5 Elliot Place, Newport
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33 photos

$1,375,000

5 Elliot Place
Newport, RI 02840
Listed by Alexander Fraioli
Bedrooms
8
Bathrooms
3
Living area
N/A
Year built
1870

About this home

Just off Upper Broadway, this well-maintained three-family home offers two spacious 3-bedroom apartments and an updated 2-bedroom apartment, all featuring modern improvements. Major capital expenditures have already been addressed, making this a truly turnkey opportunity. Recent improvements include a newer roof, clapboard siding, windows and exterior PVC trim, gutters, chimney caps, updated electrical, plumbing and heating systems, a new sewer main, sump pump, EV charging station, and Trex decking. The individual units were also updated just a few years ago. Additional highlights include five off-street parking spaces, a two-car garage, deck, and garden area. Ideally located just off Broadway, the property is within close proximity to restaurants and shops, the U.S. Naval War College, downtown Newport, and convenient highway access.

Property details

MLS #
1424387
Property type
Multi Family
Subdivision
North Broadway
Status
Active
Days on market
N/A
On market date
September 26, 2026
Stories
3
Total bathrooms
3
Garage spaces
2
Parking spaces
5
Lot size
0.12 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Claiborne Pell Elementary
0.37 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
0.89 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
Middletown High School
1.31 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
620
Student:teacher ratio
11.9:1
District
Middletown

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).

85
Highly walkable
out of 100
EPA National Walkability Index
15.5 / 20 -- Most walkable
Nearby-amenity density
95 / 100
Restaurants & cafes20
Grocery stores3
Parks20
Schools10
Transit stops20
Pharmacies8

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 717 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
$8,430/mo
$275,000 down
$1,100,000 loan
Principal & interest$7,135
Property tax (est.)$1,146
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.