Excellent investment opportunity in Newport’s sought-after Upper Broadway neighborhood. This well-maintained Victorian three-family offers over 3,300 sq. ft. of living space and blends historic character with smart updates, including a newer roof, siding, windows, and utilities. Each unit features high ceilings, great natural light, and strong rental potential. Flexible options to occupy one unit or lease all three. Prime location within walking distance to Broadway’s restaurants, cafés, and shops. A rare chance to own a solid, income-producing property in one of Newport’s most desirable markets.
For sale
Price cut: $25K (2/27)
$1,425,000
5 Elliot Pl, Newport, RI 02840
8beds
3,450sqft
Est.:
Multi Family
Built in 1870
-- sqft lot
$1,362,200 Zestimate®
$413/sqft
$-- HOA
What's special
Newer roofHigh ceilingsGreat natural light
- 146 days |
- 1,107 |
- 24 |
Zillow last checked: 7 hours ago
Listing updated: March 10, 2026 at 09:26pm
Listed by:
Alex Nunes 401-316-5083,
Serhant New England
Source: StateWide MLS RI,MLS#: 1399953
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub & Shower
Heating
- Natural Gas, Oil, Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
- Laundry: In Building, In Unit
Features
- Plumbing (Mixed), Insulation (Floors), Ceiling Fan(s)
- Flooring: Hardwood
- Basement: Full,Interior and Exterior,Unfinished
- Number of fireplaces: 3
Interior area
- Total structure area: 3,358
- Total interior livable area: 3,450 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Detached, Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 5,401.44 Square Feet
Details
- Parcel number: NEWPM006B0130
- Zoning: R10
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Clapboard
Condition
- New construction: No
- Year built: 1870
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Near Public Transport, Highway Access, Hospital, Interstate, Private School, Public School, Restaurants, Schools, Near Shopping, Tennis
- Subdivision: North End/Broadway
HOA
- Has HOA: No
Location
- Region: Newport
Financial & listing details
- Price per square foot: $413/sqft
- Tax assessed value: $848,300
- Annual tax amount: $7,370
- Date on market: 11/12/2025
- Total actual rent: 8700
- Tenant pays: Heat
Estimated market value
$1,362,200
$1.29M - $1.43M
$2,746/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2026 | Price change | $1,425,000-1.7%$413/sqft |
Source:  StateWide MLS RI #1399953 Report a problem | ||
| 11/12/2025 | Listed for sale | $1,450,000$420/sqft |
Source: StateWide MLS RI #1399953 Report a problem | ||
| 3/17/2025 | Listing removed | $1,450,000$420/sqft |
Source: StateWide MLS RI #1373599 Report a problem | ||
| 1/13/2025 | Price change | $1,450,000-1.7%$420/sqft |
Source: StateWide MLS RI #1373599 Report a problem | ||
| 11/24/2024 | Listed for sale | $1,475,000+22.9%$428/sqft |
Source: StateWide MLS RI #1373599 Report a problem | ||
| 3/25/2022 | Sold | $1,200,000+160.9%$348/sqft |
Source: StateWide MLS RI #1305998 Report a problem | ||
| 7/16/2015 | Sold | $460,000-12.4%$133/sqft |
Source: Agent Provided Report a problem | ||
| 4/6/2014 | Listed for sale | $525,000+23.8%$152/sqft |
Source: Benchmark Associates, Inc. #1055135 Report a problem | ||
| 3/16/2011 | Listing removed | $424,000$123/sqft |
Source: Benchmark Associates, Inc. #979817 Report a problem | ||
| 11/10/2010 | Listed for sale | $424,000+53.6%$123/sqft |
Source: Benchmark Associates, Inc. #979817 Report a problem | ||
| 5/31/2002 | Sold | $276,000$80/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,371 +5.7% | $848,300 |
| 2024 | $6,973 +31.7% | $848,300 +53.9% |
| 2023 | $5,296 | $551,100 |
| 2022 | $5,296 +3% | $551,100 |
| 2021 | $5,142 +17.1% | $551,100 +29% |
| 2020 | $4,391 | $427,100 |
| 2019 | $4,391 +2.9% | $427,100 |
| 2018 | $4,267 -2.2% | $427,100 +9.8% |
| 2017 | $4,361 +2.6% | $389,000 |
| 2016 | $4,252 +2.4% | $389,000 |
| 2015 | $4,151 +9.9% | $389,000 +24.2% |
| 2014 | $3,778 +6.2% | $313,300 |
| 2012 | $3,559 -16.9% | $313,300 -27.4% |
| 2011 | $4,285 +3.9% | $431,500 |
| 2010 | $4,125 +0.4% | $431,500 |
| 2009 | $4,108 -3.6% | $431,500 -12.2% |
| 2008 | $4,260 +4% | $491,300 |
| 2007 | $4,097 +4% | $491,300 |
| 2006 | $3,940 +6.4% | $491,300 +89.5% |
| 2005 | $3,704 +11.2% | $259,200 |
| 2002 | $3,331 | $259,200 |
Find assessor info on the county website
Monthly payment
Est. payment
$8,240/mo
Principal & interest
$7349
Property taxes
$891
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Climate risks
Neighborhood: Broadway
Nearby schools
GreatSchools rating
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 0.4 mi
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 0.9 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 2.5 mi
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