Multi Family at 7 8 Warner Place, Newport
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$995,000

7 8 Warner Place
Newport, RI 02840
Listed by Fitzpatrick Team
Bedrooms
4
Bathrooms
2
Living area
N/A
Year built
1900

About this home

Welcome to 7-8 Warner Place, a well-located two-family property offering a total of 4 bedrooms and 2 full bathrooms. This versatile property is an excellent opportunity for an owner occupant, investor, or buyer looking to own in Newport while generating rental income. Each unit offers comfortable living space with classic Newport character, including original hardwood floors and functional layouts. The property also features a full basement, garage/storage space, shared outdoor area, and a spacious three-car driveway valuable amenities in Newport. Conveniently located in the desirable Kerry Hill area, 7-8 Warner Place is close to Broadway’s restaurants and shops, schools, the Newport Naval Base, and everything downtown Newport has to offer. With its two-unit configuration, ample parking, outdoor space, and strong rental potential, this is an opportunity not to be missed.

Property details

MLS #
1421835
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
20
On market date
September 3, 2026
Stories
2
Total bathrooms
2
Garage spaces
2
Parking spaces
6
Lot size
0.12 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
0.36 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
1.93 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).

78
Walkable
out of 100
EPA National Walkability Index
12.5 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks20
Schools7
Transit stops20
Pharmacies5

Market position

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

On the market 20 days -- 62 fewer days than Newport's current average of 82 days.
For reference, the median list price across 669 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
$6,142/mo
$199,000 down
$796,000 loan
Principal & interest$5,163
Property tax (est.)$829
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.