28 Young St Newport, RI 02840

Price
$1,420,000
Listed On
Type
For Sale
Status
Active
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
28 Young St, Newport, RI 02840
6 Beds
3 Bath
2828 sqft
Asking  $1,420,000

Snapshot

Type
For Sale
Category
Purchase
Property Type
Residential Multi Family
Property Subtype
Multi Family
MLS Number
1395235
Parcel Number
Property Sqft
2,828 sqft
Lot Size
0.08 acres
Year Built
1885
Year Updated
Bedrooms
6
Bathrooms
3
Full Bathrooms
3
3/4 Bathrooms
0
Half Bathrooms
0
Quarter Bathrooms
0
Lot Size (in sqft)
3,310.56
Price Low
-
Room Count
12
Building Unit Count
3
Condo Floor Number
-
Number of Buildings
-
Number of Floors
3
Parking Spaces
5
Subdivision Name
Thames Spring
Special Listing Conditions
Auction
Auction
Bankruptcy Property
Bankruptcy Property
HUD Owned
HUD Owned
In Foreclosure
In Foreclosure
Notice Of Default
Notice Of Default
Probate Listing
Probate Listing
Real Estate Owned
Real Estate Owned
Short Sale
Short Sale
Third Party Approval
Third Party Approval

Description

Prime downtown Newport three-family ideally located between Spring and Thames Street, just steps from the waterfront, dining, and shops. Strong rental history & income growth potential. Young Street is one of the few two-way streets in this downtown neighborhood, offering added convenience for tenants. Each of the three units offers 2 bedrooms and 1 bath, with all floors currently leased, for immediate cash flow. The building has a proven rental history with current rents well below market value. This would be a perfect seasonal rental which would maximize the rental return on investment. Seperate utilites for all units including furnaces. New hard-wired smoke alarm system being installed. Off-street parking for 3 cars plus a 2+ car garage. Garage is definite ADU possibility. Close proximity to Salve Regina the harbor, and downtown attractions make this an attractive year-round or seasonal rental option. Rarely does a three-family in this location, with this level of upside potential, come to market.

More Details

MLS Name
State Wide MLS of Rhode Island, Inc.
Source
ListHub
MLS Number
1395235
MLS ID
SWMLSRI
Virtual Tour
PARTICIPANT
Name
Kevan Campbell
Primary Phone
(401) 845-9500
Key
3YD-SWMLSRI-31343
Email
kevan@hoganassociatesre.com
BROKER
Name
Hogan Associates | Christie's International Real Estate
Phone
(401) 845-9500
OFFICE
Name
Hogan Associates Christie's
Phone
(401) 845-9500
Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Features

Basement
Basement
Dock
Dock
Elevator
Elevator
Fireplace
Fireplace
Greenhouse
Greenhouse
Hot Tub Spa
Hot Tub Spa
New Construction
New Construction
Pool
Pool
Sauna
Sauna
Sports Court
Sports Court
Waterfront
Waterfront
Appliances
Dishwasher
Dishwasher
Dryer
Dryer
Microwave
Microwave
Range
Range
Refrigerator
Refrigerator
Washer
Washer
Architectural Style
Other
Other
Exterior
Local Historic District
Local Historic District
Sidewalks
Sidewalks
Balcony
Balcony
Flooring
Carpet
Carpet
Vinyl
Vinyl
Heating
Baseboard
Baseboard
Interior
Wall (dry Wall)
Wall (dry Wall)
Plumbing (mixed)
Plumbing (mixed)
Insulation (floors)
Insulation (floors)
Rooms
Bathroom 1
Bathroom 1
Bathroom 2
Bathroom 2
Bathroom 3
Bathroom 3
Bedroom 1
Bedroom 1
Bedroom 2
Bedroom 2
Bedroom 3
Bedroom 3
Bedroom 4
Bedroom 4
Bedroom 5
Bedroom 5

History

DateEventPrice$/SqftSource
Listed For Sale$1,420,000 $502Hogan Associates Christie's
Report issue with price history

Taxes

YearAnnual AmountDescription
2025$6,473

Nearby Schools

Elementary School

Carey School

0.5 miles awayKG - 05

Middle School

Frank E. Thompson Middle School

0.7 miles away06 - 08

Elementary School

Cranston - Calvert School

0.9 miles awayKG - 05
Show more
Get more info on 28 Young St, Newport, RI 02840
Profile
Kevan Campbell
Listing Agent
(401) 845-9500
By pressing request info, you agree that Residential and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means.
Profile
Kevan Campbell
Listing Agent
(401) 845-9500
By pressing request info, you agree that Residential and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means.