Opportunity knocks in Newport! This classic Victorian three-family with a welcoming covered porch is just minutes to the beach, Vernon Park, and Broadway shops. Two spacious 3-bed/1-bath units and one 2-bed/1-bath unit offer excellent flexibility for contractors, long-term investors, or an owner-occupant who is building equity and income. You can live on site while making updates to the upper floors to bring top market rents. High ceilings, hardwoods, eat-in kitchens, and vintage baths with clawfoot tubs add character. Separate heat and electric with one water line keep utilities practical. All units enjoy access to the nice shaded fenced yard with patio and plantings that create a relaxing setting. At the end of the street, a path leads directly to Vernon Park with tennis and pickleball courts, as well as playing fields Bring your vision—this property delivers strong potential in a prime coastal location. Being sold As-Is.
Sold for $912,500
$912,500
7 Caswell Ave, Newport, RI 02840
8beds
2,934sqft
Multi Family
Built in 1920
-- sqft lot
$1,235,000 Zestimate®
$311/sqft
$3,085 Estimated rent
Home value
$1,235,000
$1.11M - $1.38M
$3,085/mo
Zestimate® history
Owner options
List your home for rent
$3,085/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$3,085/mo
Rent Zestimate®
Refinance and save
$4,428/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,428/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Nice shaded fenced yardCovered porchHigh ceilingsEat-in kitchens
Zillow last checked:
Listing updated:
Listed by:
Holly McLear 401-855-0485,
Hogan Associates Christie's
Bought with:
Alexander Fraioli, RES.0040250
Edge Realty RI
Source: StateWide MLS RI,MLS#: 1395980
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub
Heating
- Oil, Baseboard
Cooling
- None
Appliances
- Included: Electric Water Heater, Dryer, Range Hood, Oven/Range, Refrigerator, Washer
- Laundry: Common Area, In Building
Features
- Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown), Ceiling Fan(s)
- Flooring: Hardwood, Laminate
- Basement: Full,Bulkhead,Unfinished,Laundry,Utility
- Has fireplace: No
Interior area
- Total structure area: 2,934
- Total interior livable area: 2,934 sqft
Property
Parking
- Parking features: No Garage
Features
- Stories: 3
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Size: 4,791 Square Feet
Details
- Parcel number: NEWPM006B0139
- Zoning: R10
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Plaster, Vinyl Siding
- Foundation: Stone
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 100 Amp Service
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Hospital, Public School, Near Shopping, Near Swimming, Tennis
- Subdivision: Bliss
HOA
- Has HOA: No
Location
- Region: Newport
Financial & listing details
- Price per square foot: $311/sqft
- Tax assessed value: $785,000
- Annual tax amount: $5,636
- Date on market: 9/30/2025
- Inclusions: *NO PARKING* The driveway on the left is not part of property. Please advise customers. Property was owner occupied on the first floor. 2nd fl rent was 1800/mo included water. 3rd Fl rent was $1075. Both below mkt. because longer term renters. owner expenses are water, insurance, yard care.
- Total actual rent: 0
- Tenant pays: Heat
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Sold | $912,500-8.7%$311/sqft |
Source:  StateWide MLS RI #1395980 Report a problem | ||
| 11/21/2025 | Pending sale | $999,000$340/sqft |
Source: StateWide MLS RI #1395980 Report a problem | ||
| 10/24/2025 | Contingent | $999,000$340/sqft |
Source: StateWide MLS RI #1395980 Report a problem | ||
| 9/30/2025 | Listed for sale | $999,000+173.7%$340/sqft |
Source: StateWide MLS RI #1395980 Report a problem | ||
| 2/3/2003 | Sold | $365,000+71.4%$124/sqft |
Source: Public Record Report a problem | ||
| 10/31/2001 | Sold | $213,000+90.2%$73/sqft |
Source: Public Record Report a problem | ||
| 9/22/1998 | Sold | $112,000$38/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,636 +3% | $785,000 |
| 2024 | $5,471 +11% | $785,000 +53% |
| 2023 | $4,931 | $513,100 |
| 2022 | $4,931 +3% | $513,100 |
| 2021 | $4,787 +19.3% | $513,100 +31.4% |
| 2020 | $4,013 | $390,400 |
| 2019 | $4,013 +2.9% | $390,400 |
| 2018 | $3,900 -7.5% | $390,400 +3.8% |
| 2017 | $4,216 +2.6% | $376,100 |
| 2016 | $4,111 +2.4% | $376,100 |
| 2015 | $4,013 +6.1% | $376,100 +19.9% |
| 2014 | $3,783 +6.1% | $313,700 |
| 2012 | $3,564 -11.2% | $313,700 -22.4% |
| 2011 | $4,014 +3.9% | $404,200 |
| 2010 | $3,864 +0.4% | $404,200 |
| 2009 | $3,848 -3.6% | $404,200 -12.2% |
| 2008 | $3,990 +4% | $460,200 |
| 2007 | $3,838 +4% | $460,200 |
| 2006 | $3,691 +30.8% | $460,200 +133% |
| 2005 | $2,822 +11.2% | $197,500 |
| 2002 | $2,538 | $197,500 |
Find assessor info on the county website
Neighborhood: Eustis/Easton's Pond
Nearby homes
- $3,0003 bd1 ba1k sqft7 Caswell Ave #1, Newport, RI 02840For Rent
- $--2 bd1 ba1k sqft7 Caswell Ave #2, Newport, RI 02840Off Market
- $849,9003 bd2 ba1.4k sqft11 Caswell Ave, Newport, RI 02840Off Market
- $2,9502 bd1 ba1.3k sqft104 Bliss Rd #1, Newport, RI 02840For Rent
- $842,3003 bd1 ba1.5k sqft106 Bliss Rd, Newport, RI 02840Off Market
- $783,9003 bd2 ba2.2k sqft5 Caswell Ave, Newport, RI 02840Off Market
- $1,059,7005 bd3 ba3k sqft104 Bliss Rd, Newport, RI 02840Off Market
- $922,6003 bd2 ba1.5k sqft8 Fenner Ave, Newport, RI 02840Off Market
Nearby schools
GreatSchools rating
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 0.6 mi
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 0.9 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 2.5 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,235,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,235,000
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Newport Topics
