Multi Family at 7 Princeton Street, Newport
Multi Family at 7 Princeton Street, Newport, photo 2 of 10
Multi Family at 7 Princeton Street, Newport, photo 3 of 10
Multi Family at 7 Princeton Street, Newport, photo 4 of 10
Multi Family at 7 Princeton Street, Newport, photo 5 of 10
Multi Family at 7 Princeton Street, Newport, photo 6 of 10
Multi Family at 7 Princeton Street, Newport, photo 7 of 10
Multi Family at 7 Princeton Street, Newport, photo 8 of 10
Multi Family at 7 Princeton Street, Newport, photo 9 of 10
Multi Family at 7 Princeton Street, Newport, photo 10 of 10
10 photos

$749,000

7 Princeton Street
Newport, RI 02840
Listed by Lauren Mailloux
Bedrooms
4
Bathrooms
2
Living area
N/A
Year built
1925

About this home

Bring this grand two-family home back to its former beauty! Filled with character and potential, this legal two-family offers a wonderful opportunity for an investor, contractor, or owner-occupant ready to take on a renovation. Behind the years of wear are hardwood floors, beautiful original woodwork, charming architectural details, spacious rooms, high ceilings, and covered porches. The large walk-up third floor offers exciting potential for additional living space. There is plenty here worth preserving, and with the right vision and improvements, this property has the potential to truly shine again. Whether renovating for investment, rental income, or creating a home of your own, this is an opportunity to restore a distinctive property while building value. Conveniently located near Kay Street, Broadway’s restaurants and shops, a close drive to the Naval Base with easy access in and out of Newport. Property is being sold AS-IS; buyer to conduct all due diligence.

Property details

MLS #
1425554
Property type
Multi Family
Subdivision
Upper Broadway
Status
Active
Days on market
2
On market date
October 8, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
1
Lot size
0.08 acres
Loading map…

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.

Elementary
Claiborne Pell Elementary
0.45 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
0.8 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
1.39 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, 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).

85
Highly walkable
out of 100
EPA National Walkability Index
15.5 / 20 -- Most walkable
Google Places 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 2 days -- 75 fewer days than Newport's current average of 77 days.
For reference, the median list price across 787 active listings in Newport right now is $4,975.

Mortgage calculator

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

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$4,661/mo
$149,800 down
$599,200 loan
Principal & interest$3,886
Property tax (est.)$624
Home insurance (est.)$150

Similar homes you might like

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.