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$1,400,000

74 Third Street
Newport, RI 02840
Listed by Marisa Ferris
Bedrooms
5
Bathrooms
3
Living area
N/A
Year built
1900

About this home

Create your coastal dream home in one of Newport’s most charming neighborhoods. Located in Historic Point, the property includes a 2-unit main residence, easily convertible into a single-family home, as well as a bonus converted-barn outbuilding to customize and adapt into guest quarters, a creative studio, a home office, or whatever your heart desires. The main house’s first level is a 1-bedroom unit including a bonus room, usable as an office or smaller guest space, a full bath, eat-in kitchen, and living room. The second and third floor make up the home’s second unit with 4 bedrooms total (2 per floor) and 2 full baths (one per floor). Discover the second floor’s welcoming living room, dining room, kitchen, and laundry, along with the third floor’s sweet private deck. With period details and a layout equally suited for open-concept or private quarters, this house has the flexibility to truly become your home. With one off-street parking spot and a mature perennial garden featured on Newport’s Secret Garden Tour, you can enjoy a beautiful world of your own … but best of all, you’ll be unbelievably close to the heart of Newport, including the waterfront, Battery Park, Broadway restaurants, and downtown shopping.

Property details

MLS #
1385762
Property type
Multi Family
Subdivision
The Point
Status
Active
Days on market
313
On market date
May 24, 2025
Stories
3
Total bathrooms
3
Garage spaces
N/A
Parking spaces
2
Lot size
0.0517 acres
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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
1.08 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
0.56 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
1.97 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).

88
Highly walkable
out of 100
EPA National Walkability Index
15.8 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks20
Schools5
Transit stops20
Pharmacies5

Market position

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

On the market 313 days -- 235 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
$8,581/mo
$280,000 down
$1,120,000 loan
Principal & interest$7,264
Property tax (est.)$1,167
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated April 3, 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.