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$1,450,000
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Property Description
Rarely does a property offer this combination of lot size, parking, walkability, and future potential in the heart of Newport. Set on an oversized, fully fenced 0.21 acre lot just moments from Easton's Beach, Cliff Walk, Bellevue Avenue, and downtown Newport, 138 Gibbs Avenue presents an exceptional opportunity in one of the city's most sought after neighborhoods. Offering 2,278 square feet of living space, this meticulously maintained home features beautiful hardwood floors, 4 bedrooms, 1.5 bathrooms, and a functional floor plan designed for comfortable everyday living. The expansive backyard provides a private retreat rarely found in Newport, complete with a spacious deck, and stone patio/outdoor fireplace, perfect for entertaining, relaxing, and enjoying Newport's coastal lifestyle. A detached two-car garage and parking for five additional vehicles provide a level of convenience seldom available in this location. While perfectly livable and well cared for as-is, the property also offers exciting opportunities for future enhancement. Buyers may explore additional expansion through remaining lot coverage or the potential for a third-floor dormer addition, allowing the home to evolve alongside their needs (subject to approvals). Whether seeking a year-round residence or seasonal retreat, 138 Gibbs Avenue delivers something increasingly difficult to find in Newport: space to enjoy today and flexibility for tomorrow.
Full Property Details
Full Property Details for 138 Gibbs Ave
General
- Price: $1,450,000
- Taxes: $5,988 (2026)
- Status: Active
- Type: Single Family
- Source: STWMLS
- MLS ID: 1414298
- Updated: 7/3/2026
- Added to Site: 49 day(s) ago
Interior
- Number of Rooms: 11
- Interior Features: Tub Shower
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Insert
- Appliances: Electric Water Heater
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 7
- Parking Features: Detached, Garage
Location
- County: Newport
- Subdivision: Kay/Catherine
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Gas
Utilities
- Sewer: Connected
- Water: Connected
- Utility Description: Sewer Connected
Structural Information
- Architectural Style: Colonial
- Detached/Attached: Detached
- Construction: Drywall, Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Interior Entry, Unfinished
- Stories/Levels: 3
- Building Size: 2278
- Square Feet: 2,278
- Living Area: 2,278 Sq. Ft.
- Finished Total: 2,278 Sq. Ft.
- Finished Above Grnd: 2,278 Sq. Ft.
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.211
- Lot Size (Sq. Ft.): 9,191
- Lot Size: 9191
Financial Considerations
- Tax Amount: $5,988
- Tax Year: 2026
Disclosures and Reports
- Property ID: 138GIBBSAVNEWP
- Lot Number: 347
Listed by Serhant New England
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Schools
Schools serving 138 Gibbs Ave
School District:Newport School District, Newport, RI
| Name | Grades | Distance |
|---|---|---|
Frank E. Thompson Middle School 55 Broadway, Newport, RI 02840 | 5-8 | 0.5 mi |
Pell Elementary School 35 Dexter Street, Newport, RI 02840 | PK-4 | 0.9 mi |
Rogers High School 15 Wickham Road, Newport, RI 02840 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 138 Gibbs Ave
Date
Details
Price
Change
Source
6/03/2026
Listed
$1,450,000
208.51%
MLS
5/10/2013
Sold
$470,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 138 Gibbs Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,224
6%
$831,400
—
2024
$6,834
24%
$831,400
50%
2023
$5,511
3%
$555,500
—
2022
$5,338
3%
$555,500
—
2021
$5,183
24%
$555,500
36%
2020
$4,185
—
$407,100
—
2019
$4,185
3%
$407,100
—
2018
$4,067
5%
$407,100
18%
2017
$3,875
3%
$345,700
—
2016
$3,779
2%
$345,700
—
2015
$3,689
-10%
$345,700
2%
2014
$4,106
3%
$340,500
—
2013
$3,987
—
$340,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 138 Gibbs Ave
138 Gibbs Avenue, Newport, RI 02840 (MLS# 1414298) is a Single Family property with 4 bedrooms, 1 full bathroom and 1 partial bathroom. 138 Gibbs Avenue is currently listed for $1,450,000 and was received on June 03, 2026. Want to learn more about 138 Gibbs Avenue? Do you have questions about finding other Single Family real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.

