ADDRESS
369 S MAIN STREET
PROVIDENCE, RI 02903
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$1,420,000
33 Days On Site
28 Young StreetNewport, RI 02840
For Sale|Multi Family|Pending
6
Beds
3
Total Baths
3
Full Baths
2,828
SqFt
$502
/SqFt
1885
Built
Subdivision:
Thames Spring
County:
Newport
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(401) 447-8040
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Prime downtown Newport three-family ideally located between Spring and Thames Street, just steps from the waterfront, dining, and shops. Strong rental history & income growth potential. Young Street is one of the few two-way streets in this downtown neighborhood, offering added convenience for tenants. Each of the three units offers 2 bedrooms and 1 bath, with all floors currently leased, for immediate cash flow. The building has a proven rental history with current rents well below market value. This would be a perfect seasonal rental which would maximize the rental return on investment. Seperate utilites for all units including furnaces. New hard-wired smoke alarm system being installed. Off-street parking for 3 cars plus a 2+ car garage. Garage is definite ADU possibility. Close proximity to Salve Regina the harbor, and downtown attractions make this an attractive year-round or seasonal rental option. Rarely does a three-family in this location, with this level of upside potential, come to market.
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Listing Snapshot
Price
$1,420,000
Days On Site
33 Days
Bedrooms
6
Inside Area (SqFt)
2,828 sqft
Total Baths
3
Full Baths
3
Partial Baths
N/A
Lot Size
0.076 Acres
Year Built
1885
MLS® Number
1395235
Status
Pending
Property Tax
$6,472.94
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records
Friends & Family
Recent Activity
| 2 weeks ago | Status changed to Pending | |
| 2 weeks ago | Listing updated with changes from the MLS® | |
| a month ago | Listing first seen on site |
General Features
Acres
0.076
Foundation
Combination
Garage
Yes
Garage Spaces
2
Land Lease
No
Number Of Stories
3
Parking
DetachedGarage
Parking Spaces
5
Property Sub Type
Multi Family
SqFt Above
2828
SqFt Total
2828
Utilities
Sewer ConnectedWater Connected
Zoning
R10
Interior Features
Appliances
DryerDishwasherElectric Water HeaterMicrowaveOvenRangeRefrigeratorWasher
Basement
FullUnfinished
Cooling
Window Unit(s)
Electric
100 Amp Service
Fireplace Features
None
Flooring
VinylCarpet
Heating
Natural GasBaseboard
Laundry Features
Laundry RoomIn Unit
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Exterior Features
Construction Details
Wood Siding
Exterior
Balcony
Community Features
Community Features
RestaurantTennis Court(s)Sidewalks
Listing courtesy of Kevan Campbell of Hogan Associates Christie's 4015569563
Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, State-Wide MLS of Rhode Island, Inc.
Last checked: 2025-11-06 01:47 PM UTC
Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, State-Wide MLS of Rhode Island, Inc.
Last checked: 2025-11-06 01:47 PM UTC
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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