






$1,350,000
8 bd · 3 ba · 3,358 sqft · 5,227 sqft lot
5 Elliot Pl, Newport, RI 02840
Multi-family · Built 1870 · $402/sqft ·
$7,476/mo est. payment
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.
Pell Elementary School
elementary · K-4 · 0.4 mi
Frank E. Thompson Middle School
elementary · 5-8 · 0.9 mi
Rogers High School
high · 9-12 · 2.6 mi
Valley Community School Middletown
elementary · 1.0 mi
St Michaels Country Day School
elementary · K-8 · 1.2 mi
James L Maher School
elementary · 4-12 · 1.2 mi
Listed by Alexander Fraioli · Edge Realty RI · StateWide














