Multi Family at 57 Farewell Street, Newport
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$1,850,000

57 Farewell Street
Newport, RI 02840
Listed by Shana Speer
Bedrooms
6
Bathrooms
4
Living area
N/A
Year built
1750

About this home

Every Newporter knows this house, the iconic red duplex marking the drive into town on Farewell Street. Local tradition holds it as America's first duplex, built circa 1750, a claim legendary architectural historian Antoinette Downing called a rare and significant example of Colonial-era duplex construction. Built by brothers Joseph and William Cozzens, a hat maker and a wig maker, the house features 12 working fireplaces with original tile surrounds, generously scaled rooms with high ceilings, and original staircases with ornate period detail. Both sides offer formal living rooms, dining rooms, and a study with built-in bookcases, plus two bedrooms and a full bath. 59 Farewell also has a finished third floor with two bedrooms and a bath. One of the original Operation Clapboard restorations, the house was purchased in 1965 by its current owners and lovingly brought back to life as a demonstration project, earning a place in countless books, magazines, and newspaper articles. Outside, a secret garden enclosed by a tall paneled fence offers a private retreat, while dedicated parking on either side serves both residences. Not in the Historic District, the property offers flexibility with renovations and can be converted to two condos without zoning approval, a great investment opportunity. Offered for the first time in over 50 years, this is a rare chance to own one of Newport's true landmarks. Sold AS IS, pre-inspection report available.

Highlights

Fireplace

Property details

MLS #
1422890
Property type
Multi Family
Subdivision
Farewell
Status
Active
Days on market
10
On market date
September 10, 2026
Stories
3
Total bathrooms
4
Garage spaces
N/A
Parking spaces
3
Lot size
0.18 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Claiborne Pell Elementary
1.13 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
0.28 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
1.79 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).

78
Walkable
out of 100
EPA National Walkability Index
12.5 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks20
Schools7
Transit stops20
Pharmacies5

Market position

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

On the market 10 days -- 69 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
$11,291/mo
$370,000 down
$1,480,000 loan
Principal & interest$9,599
Property tax (est.)$1,542
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 5 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.