A spacious two-family property ideally located in the heart of Newport’s Yachting Village, 10 Hammond Street presents a unique opportunity in one of Newport’s most desirable locations. The property offers a proven seasonal rental history, strong income-producing potential, and the flexibility for continued investment or a future single-family conversion. The property features a first-floor two-bedroom, one-bathroom apartment and a second- and third-floor four-bedroom, two-bathroom apartment. Each unit has separate utilities and heat systems. Additional amenities include off-street parking, a detached two-car garage, and desirable outdoor space—valuable features in downtown Newport. For an investor, 10 Hammond Street offers the opportunity to acquire an established two-family property in a highly sought-after location. For an owner-occupant, the existing configuration provides the potential to transition the property into a more substantial single-family residence while retaining the benefits of private parking, a two-car garage, and outdoor space. Conveniently located near Newport’s shops, restaurants, waterfront, and downtown attractions, 10 Hammond Street combines location, rental income potential, parking, garage space, and the flexibility to meet a variety of future ownership goals.
For sale
$1,150,000
10 Hammond St, Newport, RI 02840
6beds
2,125sqft
Multi Family
Built in 1910
-- sqft lot
$1,098,000 Zestimate®
$541/sqft
$-- HOA
What's special
Garage spaceDetached two-car garageOff-street parkingPrivate parkingDesirable outdoor spaceFirst-floor two-bedroom one-bathroom apartment
- 4 days
- 919
- 57
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Timothy Dargan 401-345-7070,
Teri Degnan RE & Consulting
Source: StateWide MLS RI,MLS#: 1424988
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Shower Stall
Heating
- Oil, Baseboard, Forced Water
Cooling
- None
Appliances
- Laundry: In Building
Features
- Wall (Dry Wall), Plumbing (Mixed)
- Flooring: Hardwood
- Basement: Full,Interior and Exterior,Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 2,128
- Total interior livable area: 2,125 sqft
Video & virtual tour
Property
Parking
- Total spaces: 5
- Parking features: Detached
- Garage spaces: 2
Features
- Stories: 3
- Waterfront features: Walk to Salt Water, Walk To Water
Lot
- Size: 4,356 Square Feet
Details
- Parcel number: NEWPM035B0130
- Zoning: R10
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Vinyl Siding
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Electric: 100 Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
- Subdivision: Yachting Village
HOA
- Has HOA: No
Location
- Region: Newport
Financial & listing details
- Price per square foot: $541/sqft
- Tax assessed value: $972,700
- Annual tax amount: $8,452
- Date on market: 10/7/2026
- Total actual rent: 2100
- Tenant pays: Hot Water, Heat
Estimated market value
$1,098,000
$1.04M - $1.15M
$4,030/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2026 | Listed for sale | $1,150,000+422.7%$541/sqft |
Source: | ||
| 9/6/2024 | Listing removed | $3,400$2/sqft |
Source: StateWide MLS RI #1366592 Report a problem | ||
| 8/19/2024 | Listed for rent | $3,400-32%$2/sqft |
Source: StateWide MLS RI #1366592 Report a problem | ||
| 3/27/2024 | Listing removed | -- |
Source: StateWide MLS RI #1353319 Report a problem | ||
| 2/24/2024 | Listed for rent | $5,000+81.8%$2/sqft |
Source: StateWide MLS RI #1353319 Report a problem | ||
| 10/22/2019 | Listing removed | $2,750$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/21/2019 | Listed for rent | $2,750$1/sqft |
Source: Teri Degnan Real Estate & Consulting Report a problem | ||
| 3/24/2000 | Sold | $220,000+44.3%$104/sqft |
Source: Public Record Report a problem | ||
| 8/8/1990 | Sold | $152,500$72/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,452 +5.7% | $972,700 |
| 2024 | $7,996 +33.5% | $972,700 +56.1% |
| 2023 | $5,989 | $623,200 |
| 2022 | $5,989 +3% | $623,200 |
| 2021 | $5,814 +20.5% | $623,200 +32.8% |
| 2020 | $4,823 | $469,200 |
| 2019 | $4,823 +2.9% | $469,200 |
| 2018 | $4,687 +11.8% | $469,200 +25.5% |
| 2017 | $4,193 +2.6% | $374,000 |
| 2016 | $4,088 +2.4% | $374,000 |
| 2015 | $3,991 +1.7% | $374,000 +14.9% |
| 2014 | $3,926 +6.2% | $325,500 |
| 2012 | $3,698 +7.8% | $325,500 -5.8% |
| 2011 | $3,430 +3.9% | $345,400 |
| 2010 | $3,302 +0.4% | $345,400 |
| 2009 | $3,288 -14% | $345,400 -21.6% |
| 2008 | $3,822 +4% | $440,800 |
| 2007 | $3,676 +4% | $440,800 |
| 2006 | $3,535 +12.9% | $440,800 +101.2% |
| 2005 | $3,131 +11.2% | $219,100 |
| 2002 | $2,815 | $219,100 |
Find assessor info on the county website
Monthly payment
Est. payment







