Multi Family at 19 21 Princeton Street, Newport

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49 photos

$1,150,000

19 21 Princeton Street

Newport, RI 02840

Listed by Devin Sheehan

Bedrooms

Bathrooms

2.5

Living area

N/A

Year built

1920

About this home

Seller offering financing incentives or rate buy down assistance with acceptable offer. Welcome to 19-21 Princeton Street, a beautifully renovated side-by-side, townhouse-style multi-family property offering modern updates, coastal charm, and an exceptional Newport location. The property features two thoughtfully designed units, each offering two levels of living space, open-concept layouts, and bright, inviting interiors. Recent improvements include updated kitchens and bathrooms, new PVC plumbing, all-new windows, full electrical rewiring, and professionally waterproofed basement space. Each unit also offers private outdoor space overlooking a spacious backyard, with off-street parking adding convenience. Live in one unit while taking advantage of Newport’s strong short-term rental market by renting the other side, creating an attractive opportunity for both owner-occupants and investors. Located on a quiet dead-end street just minutes from downtown Newport, renowned restaurants, shops, waterfront, and beaches, 19-21 Princeton Street offers the flexibility of owner-occupied living, multi-generational use, or income-producing investment in one of Rhode Island’s most sought-after destinations. Can be delivered as two separate, legally subdivided condos--perfect for a joint family purchase or a partnership.

Property details

MLS #: 1422889
Property type: Multi Family
Subdivision: N/A
Status: Active
Days on market: 12
On market date: September 9, 2026
Stories: 2
Total bathrooms: 2.5
Garage spaces: N/A
Parking spaces: 3
Lot size: 0.13 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary

Claiborne Pell Elementary

0.48 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

0.8 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

1.39 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: 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).

Highly walkable

out of 100

EPA National Walkability Index

15.5 / 20 -- Most walkable

Nearby-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 12 days -- 67 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.

Home price

Down payment

Interest rate

Loan term

Adjust tax / insurance estimates

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% / yr

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/mo

Est. monthly payment

$7,075/mo

$230,000 down

$920,000 loan

Principal & interest$5,967

Property tax (est.)$958

Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 4 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.