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. This property is being sold as-is.
For sale
Price cut: $200K (6/24)
$1,350,000
4 Dresser St, Newport, RI 02840
5beds
2,525sqft
Multi Family
Built in 1900
-- sqft lot
$1,305,500 Zestimate®
$535/sqft
$-- HOA
What's special
Private yardOff-street parkingClassic architectural details
- 38 days |
- 2,015 |
- 76 |
Zillow last checked:
Listing updated:
Listed by:
The Chad Kritzas Team 401-474-5669,
REMAX Revolution
Source: StateWide MLS RI,MLS#: 1413793
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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), Skylight, 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: 2,525
- Total interior livable area: 2,525 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: $535/sqft
- Tax assessed value: $1,066,500
- Annual tax amount: $9,267
- Date on market: 5/29/2026
- Total actual rent: 1800
Estimated market value
$1,305,500
$1.24M - $1.37M
$4,868/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Price change | $1,350,000-12.9%$535/sqft |
Source:  StateWide MLS RI #1413793 Report a problem | ||
| 5/29/2026 | Listed for sale | $1,550,000+342.9%$614/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$1/sqft |
Source: William Raveis Report a problem | ||
| 3/23/2011 | Price change | $3,500+191.7%$1/sqft |
Source: William Raveis Report a problem | ||
| 2/18/2011 | Price change | $1,200-4% |
Source: William Raveis Report a problem | ||
| 1/1/2011 | Listed for rent | $1,250 |
Source: William Raveis Report a problem | ||
| 7/1/2010 | Listing removed | $349,987$139/sqft |
Source: Prudential Prime Properties #966469 Report a problem | ||
| 5/14/2010 | Listed for sale | $349,987$139/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 | $304,700 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Memorial Boulevard
Nearby schools
GreatSchools rating
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 0.8 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 1.4 mi
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 1.9 mi
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