For sale

Price cut: $50K (1/23)

$1,775,000

2 Perry St, Newport, RI 02840

4beds

2,580sqft

Est.:

Multi Family

Built in 1870

-- sqft lot

$1,709,600 Zestimate^®

$688/sqft

$-- HOA

What's special

Parking for four vehiclesIn-unit laundryCharming rear courtyardGranite countertopsStainless steel appliancesPrivate rear courtyard

Beautifully maintained mixed-use property in a prime Spring Street location. The street level features two office/retail spaces, with two residential units above. Accessed via a private rear courtyard, the second-floor residence offers two bedrooms and two baths, granite countertops, stainless steel appliances, and in-unit laundry. One bedroom is configured as a private efficiency suite with its own kitchenette, full bath, and separate entrance—ideal for guests or added flexibility. The third-floor unit includes two bedrooms, one bath, and an open-concept living/kitchen area. Additional highlights include parking for four vehicles, a charming rear courtyard, and separate utilities throughout, making this an excellent investment opportunity.

36 days

2,028

57

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Bathroom

Features: Bath w Shower Stall, Bath w Tub & Shower

Heating

Natural Gas, Forced Water

Cooling

None, Window Unit(s)

Appliances

Included: Gas Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
Laundry: In Unit

Features

Wall (Dry Wall), Wall (Plaster), Skylight, Stairs, Plumbing (Mixed), Insulation (Unknown)
Flooring: Hardwood, Carpet
Windows: Skylight(s)
Basement: None
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,580
Total interior livable area: 2,580 sqft

Property

Parking

Total spaces: 4
Parking features: No Garage

Features

Stories: 3
Waterfront features: Walk To Water

Lot

Size: 5,227.2 Square Feet
Features: Corner Lot

Details

Parcel number: NEWPM032B0202
Zoning: R10

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Dry Wall, Plaster, Clapboard, Shingles
Foundation: Mixed

Condition

New construction: No
Year built: 1870

Utilities & green energy

Electric: 200+ Amp Service
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Features: Hospital, Marina, Private School, Public School, Recreational Facilities, Near Shopping, Near Swimming, Tennis
Subdivision: Spring Street

HOA

Has HOA: No

Location

Region: Newport

Financial & listing details

Price per square foot: $688/sqft
Tax assessed value: $1,022,500
Annual tax amount: $11,008
Date on market: 12/29/2025
Inclusions: Street level office space leased until 09/30/27. Second floor one-bedroom unit, month to month. Efficiency unit leased until 2/28/26. Third floor unit leased until 7/31/26.
Total actual rent: 6700
Tenant pays: Heat

Estimated market value

$1,709,600

$1.62M - $1.80M

$3,538/mo

Price history

Date	Event	Price
1/23/2026	Price change	$1,775,000-2.7%$688/sqft
Source: StateWide MLS RI #1401964 Report a problem
12/29/2025	Listed for sale	$1,825,000+22.1%$707/sqft
Source: StateWide MLS RI #1401964 Report a problem
3/10/2022	Listing removed	--
Source: StateWide MLS RI #1299257 Report a problem
1/26/2022	Price change	$1,495,000-9.4%$579/sqft
Source: StateWide MLS RI #1299257 Report a problem
11/30/2021	Listed for sale	$1,650,000+182.1%$640/sqft
Source: StateWide MLS RI #1299257 Report a problem