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For sale
    • $1,375,000

    5 Elliot Pl, Newport, RI 02840

    8beds
    3,358sqft
    : 
    $8,958/mo
    Get pre-qualified
    Multi Family
    Built in 1870
    -- sqft lot
    $1,389,800 Zestimate®
    $409/sqft
    $-- HOA

    What's special

    Two-car garageGarden areaChimney capsFive off-street parking spacesEv charging stationNewer roofClapboard siding
    Just off Upper Broadway, this well-maintained three-family home offers two spacious 3-bedroom apartments and an updated 2-bedroom apartment, all featuring modern improvements. Major capital expenditures have already been addressed, making this a truly turnkey opportunity. Recent improvements include a newer roof, clapboard siding, windows and exterior PVC trim, gutters, chimney caps, updated electrical, plumbing and heating systems, a new sewer main, sump pump, EV charging station, and Trex decking. The individual units were also updated just a few years ago. Additional highlights include five off-street parking spaces, a two-car garage, deck, and garden area. Ideally located just off Broadway, the property is close to restaurants and shops, the U.S. Naval War College, downtown Newport, and convenient highway access. Lastly, this property is eligible for a 2/1 interest rate buydown through AnnieMac Home Mortgage. Qualified buyers may be able to start with an interest rate 2% below the prevailing rate in year one and 1% below in year two, subject to lender approval and program guidelines. Contact the listing agent for additional details.
    8 days
    974
    25

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Alexander Fraioli 401-255-9109,

    Edge Realty RI

    Source: StateWide MLS RI,MLS#: 1424387MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 3
      • Full bathrooms: 3
      Bathroom
      • Features: Bath w Tub, Bath w Tub & Shower
      Heating
      • Natural Gas, Oil, Forced Water
      Cooling
      • None
      Appliances
      • Included: Electric Water Heater
      • Laundry: In Building, In Unit
      Features
      • Wall (Dry Wall), Stairs, Plumbing (Mixed), Ceiling Fan(s)
      • Flooring: Hardwood
      • Basement: Full,Bulkhead,Unfinished,Utility
      • Number of fireplaces: 2
      Interior area
      • Total structure area: 3,358
      • Total interior livable area: 3,358 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 5
      • Parking features: Detached
      • Garage spaces: 2
      Features
      • Stories: 3
      Lot
      • Size: 5,227 Square Feet
      Details
      • Parcel number: NEWPM006B0130
      • Zoning: R10

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Dry Wall, Clapboard
      • Foundation: Stone
      Condition
      • New construction: No
      • Year built: 1870

      Utilities & green energy

      • Electric: 100 Amp Service
      • Sewer: Public Sewer
      • Water: Municipal, Public
      • Utilities for property: Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
      • Subdivision: North Broadway
      HOA
      • Has HOA: No
      Location
      • Region: Newport

      Financial & listing details

      • Price per square foot: $409/sqft
      • Tax assessed value: $848,300
      • Annual tax amount: $7,371
      • Date on market: 9/26/2026
      • Inclusions: Rent roll upon request.
      • Total actual rent: 10105
      • Tenant pays: Heat

        Estimated market value

        $1,389,800

        $1.32M - $1.46M

        $2,640/mo

        Price history

        DateEventPrice
        9/26/2026Listed for sale$1,375,000-0.7%$409/sqft
        Source: StateWide MLS RI #1424387 Report a problem
        9/22/2026Listing removed$1,385,000$412/sqft
        Source: StateWide MLS RI #1412185 Report a problem
        7/21/2026Price change$1,385,000-1.1%$412/sqft
        Source: StateWide MLS RI #1412185 Report a problem
        5/28/2026Listed for sale$1,400,000$417/sqft
        Source: StateWide MLS RI #1412185 Report a problem
        5/12/2026Listing removed$1,400,000$417/sqft
        Source: StateWide MLS RI #1399953 Report a problem
        4/17/2026Price change$1,400,000-1.8%$417/sqft
        Source: StateWide MLS RI #1399953 Report a problem
        2/27/2026Price change$1,425,000-1.7%$424/sqft
        Source: StateWide MLS RI #1399953 Report a problem
        11/12/2025Listed for sale$1,450,000$432/sqft
        Source: StateWide MLS RI #1399953 Report a problem
        3/17/2025Listing removed$1,450,000$432/sqft
        Source: StateWide MLS RI #1373599 Report a problem
        1/13/2025Price change$1,450,000-1.7%$432/sqft
        Source: StateWide MLS RI #1373599 Report a problem
        11/24/2024Listed for sale$1,475,000+22.9%$439/sqft
        Source: StateWide MLS RI #1373599 Report a problem
        3/25/2022Sold$1,200,000+160.9%$357/sqft
        Source: StateWide MLS RI #1305998 Report a problem
        7/16/2015Sold$460,000-12.4%$137/sqft
        Source: Agent Provided Report a problem
        4/6/2014Listed for sale$525,000+23.8%$156/sqft
        Source: Benchmark Associates, Inc. #1055135 Report a problem
        3/16/2011Listing removed$424,000$126/sqft
        Source: Benchmark Associates, Inc. #979817 Report a problem
        11/10/2010Listed for sale$424,000+53.6%$126/sqft
        Source: Benchmark Associates, Inc. #979817 Report a problem
        5/31/2002Sold$276,000$82/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,371 +5.7%$848,300
        2024$6,973 +31.7%$848,300 +53.9%
        2023$5,296 $551,100
        2022$5,296 +3%$551,100
        2021$5,142 +17.1%$551,100 +29%
        2020$4,391 $427,100
        2019$4,391 +2.9%$427,100
        2018$4,267 -2.2%$427,100 +9.8%
        2017$4,361 +2.6%$389,000
        2016$4,252 +2.4%$389,000
        2015$4,151 +9.9%$389,000 +24.2%
        2014$3,778 +6.2%$313,300
        2012$3,559 -16.9%$313,300 -27.4%
        2011$4,285 +3.9%$431,500
        2010$4,125 +0.4%$431,500
        2009$4,108 -3.6%$431,500 -12.2%
        2008$4,260 +4%$491,300
        2007$4,097 +4%$491,300
        2006$3,940 +6.4%$491,300 +89.5%
        2005$3,704 +11.2%$259,200
        2002$3,331 $259,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
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        Climate risks

        Neighborhood: Broadway

        Getting around

        68 / 100
        Somewhat Walkable
        34 / 100
        Some Transit
        56 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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