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$1,450,000

138 Gibbs Avenue
Newport, RI 02840
Listed by The Willett Team
Bedrooms
4
Bathrooms
1.1
Living area
2,278 sqft
Year built
1920

About this home

Rarely does a property offer this combination of lot size, parking, walkability, and future potential in the heart of Newport. Set on an oversized, fully fenced 0.21 acre lot just moments from Easton's Beach, Cliff Walk, Bellevue Avenue, and downtown Newport, 138 Gibbs Avenue presents an exceptional opportunity in one of the city's most sought after neighborhoods. Offering 2,278 square feet of living space, this meticulously maintained home features beautiful hardwood floors, 4 bedrooms, 1.5 bathrooms, and a functional floor plan designed for comfortable everyday living. The expansive backyard provides a private retreat rarely found in Newport, complete with a spacious deck, and stone patio/outdoor fireplace, perfect for entertaining, relaxing, and enjoying Newport's coastal lifestyle. A detached two-car garage and parking for five additional vehicles provide a level of convenience seldom available in this location. While perfectly livable and well cared for as-is, the property also offers exciting opportunities for future enhancement. Buyers may explore additional expansion through remaining lot coverage or the potential for a third-floor dormer addition, allowing the home to evolve alongside their needs (subject to approvals). Whether seeking a year-round residence or seasonal retreat, 138 Gibbs Avenue delivers something increasingly difficult to find in Newport: space to enjoy today and flexibility for tomorrow.

Highlights

Fireplace

Property details

MLS #
1414298
Property type
Single Family Residence
Subdivision
Kay/Catherine
Status
Active
Days on market
17
On market date
N/A
Stories
N/A
Garage spaces
2
Lot size
0.211 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Claiborne Pell Elementary
0.86 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
0.53 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
1.71 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

Mortgage calculator

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Est. monthly payment
$8,882/mo
$290,000 down
$1,160,000 loan
Principal & interest$7,524
Property tax (est.)$1,208
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated June 21, 2026.

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.