For sale

Price cut: $200K (6/24)

$1,350,000

4 Dresser St, Newport, RI 02840

5beds

2,242sqft

$8,078/mo

Get pre-qualified

Multi Family

Built in 1900

-- sqft lot

$1,317,900 Zestimate^®

$602/sqft

$-- HOA

What's special

Private yardOff-street parkingClassic architectural details

THIS PROPERTY IS BEING SOLD AS-IS. Two-family gem with unlimited potential - this diamond in the rough is a rare find steps from the iconic Cliff Walk and minutes from shopping, dining and neighborhood amenities. Solid bones, new gas heating system in 2024 as well as new unit 2 appliances and flexible layout offer endless possibilities for owner-occupiers, investors, or someone ready to renovate and unlock significant value. Each unit features bright, airy rooms and classic architectural details waiting to be refreshed; imagine modern kitchens, spa-inspired baths, and thoughtful finishes that maximize rental income or create a luxurious two-family retreat. Off-street parking, a private yard, and proximity to waterfront complete the package. Bring your vision and tools - this property is poised for transformation into a standout coastal residence or high-return investment in one of the area's most desirable locations. Don't miss the chance to make this diamond shine.

85 days

1,519

42

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Bathroom

Features: Bath w Tub & Shower

Heating

Natural Gas, Baseboard, Steam

Cooling

Window Unit(s)

Appliances

Included: Dryer, Oven/Range, Refrigerator, Washer
Laundry: Common Area, In Building

Features

Wall (Dry Wall), Stairs, Plumbing (Mixed)
Flooring: Hardwood, Laminate
Windows: Skylight(s)
Basement: Partial,Interior Entry,Unfinished
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,242
Total interior livable area: 2,242 sqft

Property

Parking

Total spaces: 2
Parking features: No Garage

Features

Stories: 3
Patio & porch: Deck, Porch
Waterfront features: Walk to Salt Water

Lot

Size: 3,484 Square Feet

Details

Parcel number: NEWPM031B0054

Construction

Type & style

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

Materials

Dry Wall, Shingles
Foundation: Concrete Perimeter

Condition

New construction: No
Year built: 1900

Utilities & green energy

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

Community & HOA

Community

Features: Near Public Transport, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Tennis

HOA

Has HOA: No

Location

Region: Newport

Financial & listing details

Price per square foot: $602/sqft
Tax assessed value: $1,066,500
Annual tax amount: $9,267
Date on market: 5/29/2026
Total actual rent: 0

Estimated market value

$1,317,900

$1.25M - $1.38M

$3,571/mo

Price history

Date	Event	Price
7/29/2026	Listed for sale	$1,350,000$602/sqft
Source: StateWide MLS RI #1413793 Report a problem
7/20/2026	Contingent	$1,350,000$602/sqft
Source: StateWide MLS RI #1413793 Report a problem
6/24/2026	Price change	$1,350,000-12.9%$602/sqft
Source: StateWide MLS RI #1413793 Report a problem
5/29/2026	Listed for sale	$1,550,000+342.9%$691/sqft
Source: StateWide MLS RI #1413793 Report a problem
1/22/2020	Listing removed	$2,500$1/sqft
Source: RE/MAX Professionals #1237636 Report a problem
12/4/2019	Price change	$2,500+35.1%$1/sqft
Source: RE/MAX Professionals #1237636 Report a problem
10/1/2019	Price change	$1,850-7.5%$1/sqft
Source: Keller Williams Realty of Newport #1225133 Report a problem
7/9/2019	Price change	$2,000-9.1%$1/sqft
Source: Keller Williams Realty of Newport #1225133 Report a problem
5/20/2019	Listed for rent	$2,200-45%$1/sqft
Source: William Raveis Report a problem
6/3/2018	Listing removed	$4,000$2/sqft
Source: Teri Degnan Real Estate & Consulting Report a problem
5/3/2018	Listed for rent	$4,000+150%$2/sqft
Source: Teri Degnan Real Estate & Consulting Report a problem
12/2/2017	Listing removed	$1,600$1/sqft
Source: Teri Degnan Real Estate & Consulting Report a problem
11/2/2017	Listed for rent	$1,600-13.5%$1/sqft
Source: Zillow Rental Manager Report a problem
5/20/2017	Listing removed	$1,850$1/sqft
Source: Newport #1153573 Report a problem
5/17/2017	Price change	$1,850-53.8%$1/sqft
Source: Newport #1153573 Report a problem
5/6/2017	Price change	$4,000-20%$2/sqft
Source: Newport #1153570 Report a problem
3/9/2017	Listed for rent	$5,000+42.9%$2/sqft
Source: Keller Williams - Newport #1153570 Report a problem
7/20/2011	Listing removed	$3,500$2/sqft
Source: William Raveis Report a problem
3/23/2011	Price change	$3,500+191.7%$2/sqft
Source: William Raveis Report a problem
2/18/2011	Price change	$1,200-4%$1/sqft
Source: William Raveis Report a problem
1/1/2011	Listed for rent	$1,250$1/sqft
Source: William Raveis Report a problem
7/1/2010	Listing removed	$349,987$156/sqft
Source: Prudential Prime Properties #966469 Report a problem
5/14/2010	Listed for sale	$349,987$156/sqft
Source: Prudential Prime Properties #966469 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,267 +5.7%	$1,066,500
2024	$8,767 +41.8%	$1,066,500 +65.7%
2023	$6,184	$643,500
2022	$6,184 +3%	$643,500
2021	$6,004 +1.6%	$643,500 +11.9%
2020	$5,912	$575,100
2019	$5,912 +2.9%	$575,100
2018	$5,745 +24.8%	$575,100 +40%
2017	$4,605 +2.6%	$410,800
2016	$4,490 +2.4%	$410,800
2015	$4,383 +1.8%	$410,800 +15.1%
2014	$4,304 +6.2%	$356,900
2012	$4,054 -6.6%	$356,900 -18.4%
2011	$4,341 +3.9%	$437,200
2010	$4,180 +0.4%	$437,200
2009	$4,162 -17.6%	$437,200 -25%
2008	$5,051 +4%	$582,600
2007	$4,859 +4%	$582,600
2006	$4,672 +1.2%	$582,600 +80.4%
2005	$4,616 +17.9%	$323,000 +6%
2002	$3,915	$304,700