Commercial at 26 Franklin Street, Newport
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$1,499,000

26 Franklin Street
Newport, RI 02840
Listed by Jennifer Cosgrove O'Leary
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1898

About this home

America’s First Resort. The City by Sea… are just a couple Newport descriptions. We think of it as among Rhode Island’s best features. And the best part of Newport is Twenty-Six Franklin Street – a true rare offering in the heart of Downtown, where timeless charm, modern luxury, and investment potential come together under one roof. The private two-bedroom, two-bath residence spans two levels above the harborscape, creating the feeling of a coastal sanctuary. Thoughtfully designed, it features light-filled living areas, a well-appointed kitchen and dining space, and comfortable accommodations ideal for both everyday living and entertaining. Sitting atop of it all is your private rooftop deck—an extraordinary rarity in Newport—offering sweeping views of it all, perfectly suited for morning coffee, sunset gatherings, or evenings under the stars. Whether enjoyed as a primary residence, a vacation retreat, or a proven rental property, this home delivers both comfort and versatility. On the street level, the property includes a charming retail storefront that has thrived for more than a decade. With steady foot traffic from Newport’s vibrant downtown, this flexible commercial space offers opportunity for continued retail use or future reimagining. Steps from Thames Street, the bustling waterfront, and Newport’s world-class restaurants and shops, Twenty-Six Franklin combines lifestyle, luxury, and income potential in one of America’s most iconic destinations.

Property details

MLS #
1394036
Property type
Commercial
Subdivision
Historic Hill/ Harbor/ Thames St
Status
Active
Days on market
368
On market date
September 16, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
929 sqft
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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
1.67 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
0.48 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
Newport Area Career Tech Ctr
1.21 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
Not yet rated
Local Score not yet available for this school
District
Newport

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).

96
Highly walkable
out of 100
EPA National Walkability Index
18.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores10
Parks20
Schools10
Transit stops20
Pharmacies2

Market position

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

On the market 368 days -- 290 more 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

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Est. monthly payment
$9,177/mo
$299,800 down
$1,199,200 loan
Principal & interest$7,778
Property tax (est.)$1,249
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 13 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.