$1,150,000
About this home
A spacious two-family property ideally located in the heart of Newport’s Yachting Village, 10 Hammond Street presents a unique opportunity in one of Newport’s most desirable locations. The property offers a proven seasonal rental history, strong income-producing potential, and the flexibility for continued investment or a future single-family conversion. The property features a first-floor two-bedroom, one-bathroom apartment and a second- and third-floor four-bedroom, two-bathroom apartment. Each unit has separate utilities and heat systems. Additional amenities include off-street parking, a detached two-car garage, and desirable outdoor space—valuable features in downtown Newport. For an investor, 10 Hammond Street offers the opportunity to acquire an established two-family property in a highly sought-after location. For an owner-occupant, the existing configuration provides the potential to transition the property into a more substantial single-family residence while retaining the benefits of private parking, a two-car garage, and outdoor space. Conveniently located near Newport’s shops, restaurants, waterfront, and downtown attractions, 10 Hammond Street combines location, rental income potential, parking, garage space, and the flexibility to meet a variety of future ownership goals.
Property details
- MLS #
- 1424988
- Property type
- Multi Family
- Subdivision
- Yachting Village
- Status
- Active
- Days on market
- N/A
- On market date
- October 7, 2026
- Stories
- 3
- Total bathrooms
- 3
- Garage spaces
- 2
- Parking spaces
- 5
- Lot size
- 0.1 acres
Location
Get directions →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).
- Enrollment
- 308
- Student:teacher ratio
- 12.8:1
- District
- Middletown
- Enrollment
- 565
- Student:teacher ratio
- 9.7:1
- District
- Newport
- 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).
Market position
How this listing compares to current activity in Newport, from live MLS data.
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 22 hr 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.