Don’t miss this multi-family gem! Classic Newport elegance is to be found in this large, two family home. The home is replete with lovingly retained period touches, including beautiful wood molding and solid wood doors, claw-foot bathtubs, and built-in cabinetry. Both units have balconies where one can enjoy morning coffee or an evening glass of wine. The ground floor unit has a large living room with an adjacent sitting room. The sitting room has potential for conversion to a bedroom. The upstairs unit large foyer opens into the large living room, leading to the even larger dining room. The upper unit has a huge second balcony overlooking the street. The upper unit could be expanded into the large unfinished attic. Conveniently located just off Broadway, it’s just a short distance from everything that Newport has to offer. Built in 1920, this home is very comfortable, with large rooms. There is a huge attic space that has potential for expansion of the upstairs unit. The driveway provides access to the two-car garage. The large basement has ample storage and the laundry area. This special home awaits your personal touches to make it your own.
Sold for $975,000
$975,000
1 Arnold Ave, Newport, RI 02840
4beds
2,754sqft
Multi Family
Built in 1920
-- sqft lot
$982,000 Zestimate®
$354/sqft
$2,761 Estimated rent
Home value
$982,000
$805,000 - $1.20M
$2,761/mo
Zestimate® history
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$5,881/mo
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List your homeWhat's special
Two-car garageLaundry areaAmple storageLarge basementLarge roomsBuilt-in cabinetrySitting room
Zillow last checked:
Listing updated:
Listed by:
Steve Larson 401-965-5651,
RE/MAX Profnl. Newport, Inc.
Bought with:
Alexander Fraioli, RES.0040250
Edge Realty RI
Source: StateWide MLS RI,MLS#: 1394969
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Features: Bath w Tub, Bath w Tub & Shower
Heating
- Oil, Radiant
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
- Laundry: In Building
Features
- Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Ceiling), Ceiling Fan(s)
- Flooring: Hardwood
- Basement: Full,Interior Entry,Unfinished,Laundry,Storage Space,Utility
- Attic: Attic Stairs, Attic Storage
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,680
- Total interior livable area: 2,754 sqft
Property
Parking
- Total spaces: 3
- Parking features: Detached
- Garage spaces: 2
Features
- Stories: 2
Lot
- Size: 4,791 Square Feet
- Features: Sidewalks
Details
- Foundation area: 1269
- Parcel number: NEWPM007B0509
- Zoning: R10
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Plaster, Shingles, Wood
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Municipal
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
- Subdivision: Upper Broadway
HOA
- Has HOA: No
Location
- Region: Newport
Financial & listing details
- Price per square foot: $354/sqft
- Tax assessed value: $814,800
- Annual tax amount: $7,080
- Date on market: 9/18/2025
- Total actual rent: 3250
- Tenant pays: Heat
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2026 | Sold | $975,000-11.4%$354/sqft |
Source:  StateWide MLS RI #1394969 Report a problem | ||
| 3/20/2026 | Pending sale | $1,100,000$399/sqft |
Source: StateWide MLS RI #1394969 Report a problem | ||
| 2/12/2026 | Contingent | $1,100,000$399/sqft |
Source: StateWide MLS RI #1394969 Report a problem | ||
| 9/18/2025 | Listed for sale | $1,100,000+188.7%$399/sqft |
Source: StateWide MLS RI #1394969 Report a problem | ||
| 11/30/2009 | Sold | $381,000-3.5%$138/sqft |
Source: Public Record Report a problem | ||
| 10/3/2009 | Listed for sale | $395,000+265.7%$143/sqft |
Source: ReMax Professionals of Newport #950685 Report a problem | ||
| 10/21/1993 | Sold | $108,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,080 +5.7% | $814,800 |
| 2024 | $6,698 +31.5% | $814,800 +53.7% |
| 2023 | $5,095 | $530,200 |
| 2022 | $5,095 +3% | $530,200 |
| 2021 | $4,947 +14.7% | $530,200 +26.4% |
| 2020 | $4,312 | $419,500 |
| 2019 | $4,312 +2.9% | $419,500 |
| 2018 | $4,191 +13.3% | $419,500 +27.2% |
| 2017 | $3,698 +2.6% | $329,900 |
| 2016 | $3,606 +2.4% | $329,900 |
| 2015 | $3,520 -1.2% | $329,900 +11.6% |
| 2014 | $3,564 +6.2% | $295,500 |
| 2012 | $3,357 +4.8% | $295,500 -8.4% |
| 2011 | $3,204 +3.9% | $322,700 |
| 2010 | $3,085 +0.4% | $322,700 |
| 2009 | $3,072 -19.4% | $322,700 -26.6% |
| 2008 | $3,810 +4% | $439,500 |
| 2007 | $3,665 +4% | $439,500 |
| 2006 | $3,525 +21.9% | $439,500 +117.3% |
| 2005 | $2,891 +11.2% | $202,300 |
| 2002 | $2,600 | $202,300 |
Find assessor info on the county website
Neighborhood: Broadway
Nearby homes
- $--2 bd1 ba1.3k sqft1 Arnold Ave #2, Newport, RI 02840Off Market
- $--2 bd1 ba1.3k sqft1 Arnold Ave #2B, Newport, RI 02840Off Market
- $--2 bd1 ba1.3k sqft1 Arnold Ave #1, Newport, RI 02840Off Market
- $699,7003 bd2 ba1.6k sqft3 Arnold Ave, Newport, RI 02840Off Market
- $929,1003 bd2 ba1.5k sqft376 Broadway, Newport, RI 02840Off Market
- $901,6004 bd2 ba1.5k sqft9 Arnold Ave, Newport, RI 02840Off Market
- $1,074,8004 bd2 ba2k sqft8 Arnold Ave, Newport, RI 02840Off Market
- $1,136,2004 bd3 ba1.9k sqft380 Broadway, Newport, RI 02840Off Market
Nearby schools
GreatSchools rating
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 0.6 mi
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 0.6 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 2.3 mi
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Estimated market value
$982,000
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Estimated market value
$982,000
- Rhode Island
- Newport County
- Newport
- 02840
- Broadway
- 1 Arnold Ave
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