No photos available for this listing

$650,000

54 Homer Street
Newport, RI 02840
Listed by Slocum Home Team
Bedrooms
4
Bathrooms
1
Living area
1,472 sqft
Year built
1958

About this home

Opportunities like this in Newport do not come often. This 4-bedroom, 1-bath home sits on a generously sized lot just minutes from downtown Newport, Broadway’s restaurants and shops, the waterfront, and with easy highway access to the bridge. Being sold as-is, this property presents an ideal opportunity for investors, contractors, or buyers looking to renovate and add value in one of Rhode Island’s most sought after markets. Whether you are building a portfolio or creating your own Newport retreat, this is the kind of lot and location that rewards vision.

Property details

MLS #
1411939
Property type
Single Family Residence
Subdivision
N/A
Status
Active
Days on market
38
On market date
May 11, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
N/A
Parking spaces
2
Lot size
0.39 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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Claiborne Pell Elementary
0.6 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
0.77 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
1.74 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).

86
Highly walkable
out of 100
EPA National Walkability Index
15.8 / 20 -- Most walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores3
Parks20
Schools11
Transit stops20
Pharmacies7

Market position

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

On the market 38 days -- 40 fewer days than Newport's current average of 78 days.
For reference, the median list price across 763 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.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$4,064/mo
$130,000 down
$520,000 loan
Principal & interest$3,373
Property tax (est.)$542
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 June 29, 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.