5 Elliot Place

Newport RI 02840

3358 sq. ft.

5227 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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.

Features

8 bedrooms

3 bathrooms

5 carspaces

2 garage spaces

3358 sq. ft. floor area

5227 sq. ft. lot size

Multi-Family

Property history for 5 Elliot Place

2025

Rented

Undisclosed

04 Apr 2025 by Edge Realty RI, LLC

2023

Rented

Undisclosed

02 Dec 2023 by Edge Realty RI, LLC

2022

Sold

$1,200,000

25 Mar 2022 by Alexander Fraioli, of Edge Realty RI, LLC

Happy sellers in Newport

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