Melissa Urso
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Single Family Residence at 72 Third Street, Newport
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45 photos

$1,475,000

72 Third Street
Newport, RI 02840
Listed by Alexander Fraioli
Bedrooms
3
Bathrooms
2.5
Living area
1,743 sqft
Year built
1890

About this home

Picture-perfect Point cottage! Offered for the first time in 20 years, 72 Third Street is a charming turn-of-the-century home just two blocks from the water in one of Newport’s most beloved neighborhoods. Updated, bright and incredibly functional, the home offers great natural light, central air, two gas fireplaces and a flexible layout with one bedroom and full bath on the main level and two bedrooms upstairs. The fully finished basement, complete with a full bathroom and bulkhead access, adds valuable additional living space. Outside, enjoy a private patio, mature landscaping, gas lantern, beautiful stonework and the rare convenience of off-street parking for two cars. No flood insurance is currently required. Quiet neighborhood setting yet close to downtown, the harbor and easy access on and off the Newport Pell Bridge. With its versatile layout and location, the property also offers excellent rental potential. A classic Newport cottage combining historic charm, modern comfort and everyday practicality.

Highlights

Fireplace

Property details

MLS #
1422332
Property type
Single Family Residence
Subdivision
The Point
Status
Active
Days on market
17
On market date
September 2, 2026
Stories
N/A
Total bathrooms
2.5
Garage spaces
N/A
Parking spaces
2
Lot size
0.07 acres

Location

Get directions →
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Claiborne Pell Elementary
1.09 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
0.55 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
Rogers High School
1.97 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
639
Student:teacher ratio
11.4:1
District
Newport

Walkability

Blended score for Newport's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 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
Nearby-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 17 days -- 62 fewer days than Newport's current average of 79 days.
For reference, the median list price across 717 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.

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Est. monthly payment
$9,033/mo
$295,000 down
$1,180,000 loan
Principal & interest$7,653
Property tax (est.)$1,229
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 6 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.