Under contract

$895,000

24 Pond Ave, Newport, RI 02840

5beds

2,160sqft

$5,590/mo

Get pre-qualified

Multi Family

Built in 1890

-- sqft lot

$867,600 Zestimate^®

$414/sqft

$-- HOA

What's special

Turnkey 2-family investment opportunity in a prime Newport location. Offering three levels of living space, this well-maintained multi-family property presents strong income potential with a proven rental history. Ideally situated near Broadway, the property provides great walkability and convenient access to local restaurants, shops, and everyday amenities, as well as close proximity to the Newport Naval Station, downtown Newport, and area beaches. The layout offers flexibility for both investors and owner-occupants seeking rental income. Additional highlights include separate utilities, basement storage and the potential to create off-street parking, adding further value. A rare opportunity to own a move-in ready multi-family property in one of Newport’s most desirable and high-demand rental markets.

39 days

413

15

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Natural Gas, Forced Water

Cooling

Window Unit(s)

Appliances

Included: Gas Water Heater
Laundry: Common Area, In Building

Features

Flooring: Hardwood, Laminate, Carpet
Basement: Full,Bulkhead,Unfinished
Has fireplace: No

Interior area

Total structure area: 2,160
Total interior livable area: 2,160 sqft

Video & virtual tour

View virtual tour

Property

Parking

Parking features: No Garage

Features

Stories: 3

Lot

Size: 2,178 Square Feet

Details

Parcel number: NEWPM014B0034

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Clapboard

Condition

New construction: No
Year built: 1890

Utilities & green energy

Electric: 100 Amp Service, Circuit Breakers, Individual Meter
Water: Individual Meter
Utilities for property: Sewer Connected, Water Connected

Community & HOA

HOA

Has HOA: No

Location

Region: Newport

Financial & listing details

Price per square foot: $414/sqft
Tax assessed value: $487,000
Annual tax amount: $4,232
Date on market: 7/16/2026
Total actual rent: 5300
Tenant pays: Hot Water, Heat

Estimated market value

$867,600

$824,000 - $911,000

$3,231/mo

Price history

Date	Event	Price
8/3/2026	Contingent	$895,000$414/sqft
Source: StateWide MLS RI #1417971 Report a problem
7/16/2026	Listed for sale	$895,000+124.3%$414/sqft
Source: StateWide MLS RI #1417971 Report a problem
4/21/2015	Listing removed	$1,200$1/sqft
Source: RE/MAX Profnl. Newport, Inc. #1091965 Report a problem
4/8/2015	Listed for rent	$1,200$1/sqft
Source: RE/MAX Professionals #1091965 Report a problem
5/12/2008	Listing removed	$399,000$185/sqft
Source: Visual Tour #758592 Report a problem
2/21/2008	Price change	$399,000+22066.7%$185/sqft
Source: Visual Tour #758592 Report a problem
2/19/2008	Price change	$1,800-99.5%$1/sqft
Source: Visual Tour #758592 Report a problem
1/18/2008	Listed for sale	$399,000+206.9%$185/sqft
Source: Visual Tour #758592 Report a problem
8/21/2000	Sold	$130,000$60/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,232 +5.7%	$487,000
2024	$4,003 +34.4%	$487,000 +57.1%
2023	$2,978	$309,900
2022	$2,978 +3%	$309,900
2021	$2,891 +7.8%	$309,900 +18.8%
2020	$2,682	$260,900
2019	$2,682 +2.9%	$260,900
2018	$2,606 +6.5%	$260,900 +19.6%
2017	$2,446 +2.6%	$218,200
2016	$2,385 +2.4%	$218,200
2015	$2,328 +1.6%	$218,200 +14.8%
2014	$2,291 +6.2%	$190,000
2012	$2,158 -2.2%	$190,000 -14.5%
2011	$2,206 +3.9%	$222,200
2010	$2,124 +0.4%	$222,200
2009	$2,115 -15.9%	$222,200 -23.4%
2008	$2,516 +4%	$290,200
2007	$2,420 +4%	$290,200
2006	$2,327 +21.1%	$290,200 +115.8%
2005	$1,922 +11.2%	$134,500
2002	$1,728	$134,500