INNOVATE
Real Estate
No photos available for this listing

$1,350,000

4 Dresser Street
Newport, RI 02840
Listed by The Chad Kritzas Team
Bedrooms
5
Bathrooms
3.1
Living area
N/A
Year built
1900

About this home

Two-family gem with unlimited potential - this diamond in the rough is a rare find steps from the iconic Cliff Walk and minutes from shopping, dining and neighborhood amenities. Solid bones, new gas heating system in 2024 as well as new unit 2 appliances and flexible layout offer endless possibilities for owner-occupiers, investors, or someone ready to renovate and unlock significant value. Each unit features bright, airy rooms and classic architectural details waiting to be refreshed; imagine modern kitchens, spa-inspired baths, and thoughtful finishes that maximize rental income or create a luxurious two-family retreat. Off-street parking, a private yard, and proximity to waterfront complete the package. Bring your vision and tools - this property is poised for transformation into a standout coastal residence or high-return investment in one of the area's most desirable locations. Don't miss the chance to make this diamond shine. This property is being sold as-is.

Property details

MLS #
1413793
Property type
Apartment,Multi Family
Subdivision
N/A
Status
Active
Days on market
26
On market date
N/A
Stories
3
Garage spaces
N/A
Lot size
0.08 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Aquidneck School
1.48 mi away · Grades -1-3
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
308
Student:teacher ratio
12.8:1
District
Middletown
Middle
Frank E. Thompson Middle
0.85 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
Rogers High School
1.36 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
639
Student:teacher ratio
11.4:1
District
Newport

Mortgage calculator

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Est. monthly payment
$8,280/mo
$270,000 down
$1,080,000 loan
Principal & interest$7,005
Property tax (est.)$1,125
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 24, 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.