Multi Family at 35 37 Mt. Vernon Street, Newport

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50 photos

$1,895,000

35 37 Mt. Vernon Street

Newport, RI 02840

Listed by Daniel Cordeiro

Bedrooms

Bathrooms

Living area

N/A

Year built

1914

About this home

VERSATILE SIDE-BY-SIDE DUPLEX in PRIZED NEWPORT LOCATION. This charming shingle-style home is perfectly configured with 2 side-by-side duplex residences spanning over 1700 sf each (3500+ sf total), each side featuring 3 bedrooms (plus a convertible 4th bedroom), 2.5 baths, basement, and lovely outdoor space. Nestled between the Kay-Catherine and Historic Hill districts, Mount Vernon is a quiet street, historically intact with well-maintained homes - yet just moments from Downtown Newport, the Harbor, Broadway, and plenty of restaurants, shopping and cafes. Immaculately maintained, this property retains much of its original detail and character, with a mix of well-executed modern touches throughout. Both sides feature front porches, kitchens with stainless steel appliances, in-unit laundry, basement storage, recently updated gas heating and ample closets throughout. Plus a 2-car tandem driveway and ample on-street parking make life easy. The property is offered in move-in condition, with Unit 37 delivered vacant and Unit 35 occupied by an established annual tenant through June 2027. Whether envisioned as a primary residence with supplemental rental income, a multigenerational property, or a long-term investment, this versatile offering presents a compelling opportunity in one of Newport's most sought-after residential locations.

Property details

MLS: Rhode Island Association of REALTORS
MLS #: 1421642
Property type: Multi Family
Subdivision: Historic Hill
Status: Active
Days on market: 6
On market date: October 14, 2026
Stories: 3
Total bathrooms: 5
Garage spaces: N/A
Parking spaces: 2
Lot size: 0.071 acres

Location

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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.

Elementary

Claiborne Pell Elementary

1.21 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

0.14 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

1.69 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).

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 6 days -- 69 fewer days than Newport's current average of 75 days.

For reference, the median list price across 824 active listings in Newport right now is $5,000.

Mortgage calculator

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Home price

Down payment

Interest rate

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% / yr

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Est. monthly payment

$11,562/mo

$379,000 down

$1,516,000 loan

Principal & interest$9,833

Property tax (est.)$1,579

Home insurance (est.)$150

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