SoldMar 3, 2026

Listed by Holly McLear from Hogan Associates

Source: State Wide MLS of Rhode Island, Inc. #1402726

27 Dean Avenue, Newport, RI, 02840

$1,350,000

6
3
6
2613 sq. ft.
4792 sq. ft.

MultiFam

•

30+ days on the market

Sold: Mar 3, 2026

What's around 27 Dean Avenue

About this property

Prime Downtown Newport Investment Opportunity in the charming Yachting Village! Just steps from the waterfront, restaurants, boutiques, and historic mansion tours, this exceptional three-family property offers immediate income and outstanding future potential. The well-maintained building features three updated units, each offering 2 bedrooms and 1 bath, all currently leased with a history of annual rental performance. A rare three-car garage and off-street parking (two spaces per unit) add tremendous value in this highly walkable, in-demand location. The property is well maintained with easy-care siding, young roof, asphalt driveway, a welcoming covered front porch, spacious entry, separate electric meters, common coin-op laundry, and a shared yard with an outdoor garden area. For investors and owner-occupants alike, the upside is compelling. Explore options to transition to seasonal rentals, or pursue future value-add opportunities such as condominium conversion, creating a spacious owner's townhouse by combining upper floors, dormer the third floor for distant water views, convert the garage to an ADU, or seek a variance to operate a guest rental in one unit. Dean Avenue, a street experiencing revitalization with elevated renovations, this property benefits from rising neighborhood values in one of Newport's most sought-after downtown locations. A rare opportunity to own a versatile, income-producing asset in the very heart of Newport.

Looking for more information on 27 Dean Avenue?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties sold nearby

SoldDec 30, 2025
$1,410,000
28 Young Street
Newport RI 02840
6
3
5
Multi-Family
Listing courtesy of Hogan Associates and Lila Delman Compass
SoldDec 12, 2025
$910,000
44 Warner St
Newport RI 02840
6
3
3
Multi-Family
Listing courtesy of REMAX Results | Middletown and Edge Realty RI, LLC
SoldSep 2, 2025
$1,800,000
55 Hunter Avenue
Newport RI 02840
6
6
6
Multi-Family
Listing courtesy of William Raveis Chapman Enstone and Residential Properties, Ltd.

Other properties sold by Holly McLear

SoldApr 29, 2026
$1,400,000
5 Lowndes St
Newport RI 02840
3
3
3
Single-Family
Listing courtesy of Hogan Associates and Mott & Chace Sotheby's Intl.
SoldMar 30, 2026
$562,000
7 Jill Court
East Providence RI 02915
4
4
4
Single-Family
Listing courtesy of Hogan Associates and Residential Properties, Ltd.
SoldDec 15, 2025
$900,000
48 Fieldstone Lane
North Kingstown RI 02874
4
4
5
Single-Family
Listing courtesy of Hogan Associates and Residential Properties, Ltd.

Browse properties sold in nearby areas

The data relating to real estate for sale on this website comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by Hogan Associates are marked with the MLS logo and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site other than by a consumer seeking to purchase real estate is prohibited. Information deemed reliable but not guaranteed. Copyright © 2026 State-Wide MLS, Inc. All Rights Reserved.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent