INNOVATE Real Estate
Multi Family at 5 Elliot Place, Newport
Multi Family at 5 Elliot Place, Newport, photo 2 of 38
Multi Family at 5 Elliot Place, Newport, photo 3 of 38
Multi Family at 5 Elliot Place, Newport, photo 4 of 38
Multi Family at 5 Elliot Place, Newport, photo 5 of 38
Multi Family at 5 Elliot Place, Newport, photo 6 of 38
Multi Family at 5 Elliot Place, Newport, photo 7 of 38
Multi Family at 5 Elliot Place, Newport, photo 8 of 38
Multi Family at 5 Elliot Place, Newport, photo 9 of 38
Multi Family at 5 Elliot Place, Newport, photo 10 of 38
Multi Family at 5 Elliot Place, Newport, photo 11 of 38
Multi Family at 5 Elliot Place, Newport, photo 12 of 38
Multi Family at 5 Elliot Place, Newport, photo 13 of 38
Multi Family at 5 Elliot Place, Newport, photo 14 of 38
Multi Family at 5 Elliot Place, Newport, photo 15 of 38
Multi Family at 5 Elliot Place, Newport, photo 16 of 38
Multi Family at 5 Elliot Place, Newport, photo 17 of 38
Multi Family at 5 Elliot Place, Newport, photo 18 of 38
Multi Family at 5 Elliot Place, Newport, photo 19 of 38
Multi Family at 5 Elliot Place, Newport, photo 20 of 38
Multi Family at 5 Elliot Place, Newport, photo 21 of 38
Multi Family at 5 Elliot Place, Newport, photo 22 of 38
Multi Family at 5 Elliot Place, Newport, photo 23 of 38
Multi Family at 5 Elliot Place, Newport, photo 24 of 38
Multi Family at 5 Elliot Place, Newport, photo 25 of 38
Multi Family at 5 Elliot Place, Newport, photo 26 of 38
Multi Family at 5 Elliot Place, Newport, photo 27 of 38
Multi Family at 5 Elliot Place, Newport, photo 28 of 38
Multi Family at 5 Elliot Place, Newport, photo 29 of 38
Multi Family at 5 Elliot Place, Newport, photo 30 of 38
Multi Family at 5 Elliot Place, Newport, photo 31 of 38
Multi Family at 5 Elliot Place, Newport, photo 32 of 38
Multi Family at 5 Elliot Place, Newport, photo 33 of 38
Multi Family at 5 Elliot Place, Newport, photo 34 of 38
Multi Family at 5 Elliot Place, Newport, photo 35 of 38
Multi Family at 5 Elliot Place, Newport, photo 36 of 38
Multi Family at 5 Elliot Place, Newport, photo 37 of 38
Multi Family at 5 Elliot Place, Newport, photo 38 of 38
38 photos

$1,385,000

5 Elliot Place
Newport, RI 02840
Listed by Alexander Fraioli
Bedrooms
8
Bathrooms
3
Living area
N/A
Year built
1870

About this home

Just off upper Broadway, this home features 3 units, two spacious 3-bedroom apartments and an updated 2-bedroom apartment, all featuring modern upgrades. Recent renovations include a roof, siding, windows, electrical, plumbing, and heating systems. 5 off-street parking spaces, EV charger, a 2-car garage, deck and garden area. Strong rental history, within close proximity to Broadway's restaurants and shops, the U.S. Naval War College, and convenient highway access. A great turnkey property for investors or owner-occupants.

Property details

MLS #
1412185
Property type
Multi Family
Subdivision
Broadway
Status
Active
Days on market
65
On market date
May 28, 2026
Stories
3
Total bathrooms
3
Garage spaces
2
Parking spaces
5
Lot size
0.12 acres

Location

Get directions →
Loading map…

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
0.37 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
0.89 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
1.31 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, 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).

85
Highly walkable
out of 100
EPA National Walkability Index
15.5 / 20 -- Most walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores3
Parks20
Schools10
Transit stops20
Pharmacies8

Market position

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

On the market 65 days -- 13 fewer 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

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$8,491/mo
$277,000 down
$1,108,000 loan
Principal & interest$7,186
Property tax (est.)$1,154
Home insurance (est.)$150

Similar homes you might like

10 Hammond Street
New
$1,150,000
10 Hammond Street
Newport, 02840
6 bd·3 ba·N/A
0 days on market
Listed by Timothy Dargan
7 Sheffield Avenue
New
$1,200,000
7 Sheffield Avenue
Newport, 02840
3 bd·3 ba·N/A
0 days on market
Listed by Newport Living Group
5 Elliot Place
$1,375,000
5 Elliot Place
Newport, 02840
8 bd·3 ba·N/A
10 days on market
Listed by Alexander Fraioli
31 Prescott Hall Road
$1,225,000
31 Prescott Hall Road
Newport, 02840
6 bd·4 ba·N/A
10 days on market
Listed by Molly Kirby
350 Broadway
$1,195,000
350 Broadway
Newport, 02840
4 bd·3 ba·N/A
12 days on market
Listed by Tyler Bernadyn
440 Broadway
$1,175,000
440 Broadway
Newport, 02840
2 bd·1.5 ba·N/A
10 days on market
Listed by Stefanie Carr
15 17 Dennison Street
$1,225,000
15 17 Dennison Street
Newport, 02840
3 bd·3 ba·N/A
10 days on market
Listed by Marlene Harrington
19 21 Princeton Street
$1,150,000
19 21 Princeton Street
Newport, 02840
6 bd·2.5 ba·N/A
28 days on market
Listed by Devin Sheehan

Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated August 2, 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.