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$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
Garage spaces
N/A
Lot size
0.39 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

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

Mortgage calculator

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Est. monthly payment
$4,064/mo
$130,000 down
$520,000 loan
Principal & interest$3,373
Property tax (est.)$542
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 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.