27 Elm Street
Property Description
A unique opportunity to bring a piece of Newport history back to life! Located on The Point, one of Newport's most historic and desirable neighborhoods, this substantial 1857 multi-family property offers an extraordinary combination of space, land, and potential. Spanning three floors with nearly 3,000 square feet of living space, the property features two legal units, totaling 8 bedrooms and 3 full bathrooms, with one full bathroom on each floor. The existing layout also offers the potential to be easily converted into an impressive single-family residence, providing flexibility for a variety of uses and visions. The oversized lot, measuring over 7,500 square feet, is an exceptional find for the area and provides possibilities rarely found in this location. Additional highlights include a four-bay garage and an expansive driveway with parking for approximately eight vehicles. Just blocks from downtown Newport, the Newport Shipyard, harbor, shops, and restaurants, with easy access to the Newport Bridge, the location offers convenience to everything Newport has to offer. This property is in need of a complete renovation and is ready for its next chapter. Whether you're an investor, contractor, or buyer with a vision, this is a rare opportunity to restore and reimagine a historic Newport property with tremendous upside. Bring your ideas and unlock the full potential of this exceptional property.
Broker Details
Hogan Associates | Christie's International Real Estate (401) 845-9500
MLS ID: 36394
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $2,600,000 |
| No. of Units: | 2 |
| Year Built: | 1857 |
| Lot Size: | 2,918.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $1,300,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 3 |
ID: 3yd-SWMLSRI-1427366
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