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$699,000

28 Kay Street UNIT 3
Newport, RI 02840
Listed by Alexander Fraioli
Bedrooms
2
Bathrooms
1
Living area
903 sqft
Year built
1856

About this home

Welcome to Newport living in the heart of the city’s historic district. Located at 28 Kay Street, Unit 3, this charming and highly functional condo offers an exceptional opportunity to enjoy the best of Newport just steps from your front door. Walk to restaurants, shops, the harbor, and the newly redesigned The Vanderbilt, Auberge Resorts Collection with its beautiful rooftop bar and vibrant social scene. Legally a two-bedroom condo, the true appeal of this home is its incredibly versatile layout. The flexible bonus space is perfect for a second bedroom, home office, guest room, workout area, or creative studio, making the property ideal for today’s live-work lifestyle. The unit also features a private outdoor patio area that, while intimate, is extremely usable and perfect for grilling, relaxing, or enjoying summer evenings outdoors. Additional highlights include two off-street parking spaces, a true rarity in Newport, along with an unbeatable walkable location close to downtown, Bellevue Avenue, beaches, and Newport’s waterfront. Whether you are looking for a full-time residence, weekend getaway, or investment property, this condo offers flexibility, charm, and convenience in one of Newport’s most desirable neighborhoods.

Highlights

Fireplace

Property details

MLS #
1408799
Property type
Condominium
Subdivision
Kay/Catherine
Status
Active
Days on market
86
On market date
April 2, 2026
Stories
2
Total bathrooms
1
Garage spaces
N/A
Parking spaces
2
Lot size
N/A
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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
1.27 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
0.17 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
1.63 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).

93
Highly walkable
out of 100
EPA National Walkability Index
17.7 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks20
Schools11
Transit stops20
Pharmacies2

Market position

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

On the market 86 days -- 8 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
$4,359/mo
$139,800 down
$559,200 loan
Principal & interest$3,627
Property tax (est.)$583
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 28, 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.