27 Franklin Street, Newport, RI 02840 - Photo 1

1/1

$1,805,000

Sold
Closed
Multi-Family
4 Units
5 Total Beds
0.0582 Acres

1/1

Property Description

The c1745 Benjamin Norton House is a well maintained, legal 4 unit in Historic Hill. Located steps from Thames St, this General Business zoned property is perfect for an investor, owner occupy, or short -term rental potential. The first floor offers (2) one-bedroom, one-bath units with great light, high ceilings, and plenty of space. Second floor offers a spacious 1200sf, two-bedroom, one bath unit. Third floor is another large one-bedroom, one bath unit. All units currently occupied. Other features include two tandem off-street parking spaces in the rear and a newer gas heating system.

Full Property Details

Full Property Details for 27 Franklin St

General

Sold For: $1,805,000
Taxes: $9,382 (2025)
Status: Closed
Type: Multi-Family
Source: STWMLS
MLS ID: 1391417
Added to Site: 168 day(s) ago

Interior

Number of Rooms: 12
Interior Features: Interior Steps, Skylights, Stall Shower, Tub Shower
Appliances: Dishwasher, Gas Water Heater, Oven, Range, Refrigerator
Flooring: Carpet, Hardwood, Laminate, Vinyl

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

Bedrooms

Total Bedrooms: 5

Additional Information

Tennis: Yes

Parking

Total Spaces: 2
Parking Features: No Garage

Location

County: Newport
Subdivision: Historic Hill

Heating & Cooling

Cooling Type: None
Heating Type: Gas, Hot Water

Utilities

Sewer: Connected
Water: Connected
Utility Description: Sewer Connected

Structural Information

# Buildings: 1
Detached/Attached: Detached
Construction: Drywall, Plaster, Clapboard
Basement: Yes
Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
Windows: Skylight(s)
Stories/Levels: 3
Building Size: 2758
Finished Total: 2,758 Sq. Ft.
Finished Above Grnd: 2,758 Sq. Ft.
Year Built: 1745

Lot Features

Property View: Saltwater, Water
Lot Size (Acres): 0.0582
Lot Size (Sq. Ft.): 2,536
Lot Size: 2536

Water Features

Water View: Yes

Financial Considerations

Operating Expenses: $13,115
Tax Amount: $9,382
Tax Year: 2025

Disclosures and Reports

Inclusions: Unit 1R @ $1200/mo. expires 4/30/26 Unit 1L @ $1000/mo. expires 4/30/26 Unit 2 @ $1600/mo. expires 9/1/25 Unit 3 @ $800/mo. expires 5/31/26 Shared driveway/ROW for property in rear.
Property ID: 2729FRANKLINSTNEWP
Lot Number: 72

Listed by Gustave White Sotheby's Realty
Sold by Residential Properties Ltd.

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Listing agent

— 27 Franklin St —

Gustave White Sotheby's Realty

401-849-3000

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Schools

Schools serving 27 Franklin St

School District:Newport School District, Newport, RI

Name	Grades	Distance
Rogers High School 15 Wickham Road, Newport, RI 02840	9-12	1.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 27 Franklin St

Date

Details

Price

Change

Source

9/30/2025

Sold

$1,805,000

0.56%

MLS

8/02/2025

Listed

$1,795,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

124 Aquidneck Ave, Middletown, RI 02842 - Photo 1

Just Listed

$1,999,000

124 Aquidneck Ave Middletown, RI 02842

Manufacturing
Active

310 Corey Ln, Middletown, RI 02842 - Photo 1

Just Listed

$840,000

310 Corey Ln Middletown, RI 02842

Condo
Active
Updated 1 day ago

3
Beds
2
Total Baths
1,521
Sq. Ft.

844 Boston Neck Rd, Narragansett, RI 02882 - Photo 1

Just Listed

$737,900

844 Boston Neck Rd Narragansett, RI 02882

Single Family
Active
Updated 3 days ago

3
Beds
2
Total Baths
1,080
Sq. Ft.

Listed by David Boisvert (401) 533-2976

0 Fairway Dr, Narragansett, RI 02882 - Photo 1

Just Listed

$649,900

0 Fairway Dr Narragansett, RI 02882

Lots/Land
Active
Updated 3 hours ago

0.17
Acres

318 Mitchell's Ln, Middletown, RI 02871 - Photo 1

Price Reduced

-$51,000 (-7.85%)

$599,000

318 Mitchell's Ln Middletown, RI 02871

Single Family
Active
Updated 3 days ago

3
Beds
1
Total Bath
1,205
Sq. Ft.

39 Walcott Ave, Jamestown, RI 02835 - Photo 1

Price Reduced

-$500,000 (-9.27%)

$4,895,000

39 Walcott Ave Jamestown, RI 02835

Single Family
Active
Updated 1 day ago

7
Beds
4
Total Baths
3,818
Sq. Ft.

400 Schooner Ave, Jamestown, RI 02835 - Photo 1

Price Reduced

-$14,000 (-1.75%)

$785,000

400 Schooner Ave Jamestown, RI 02835

Single Family
Active
Updated 1 day ago

3
Beds
1
Total Bath
1,500
Sq. Ft.

620 Dry Bridge Rd, North Kingstown, RI 02852 - Photo 1

Price Reduced

-$40,000 (-13.34%)

$259,900

620 Dry Bridge Rd North Kingstown, RI 02852

Single Family
Active
Updated 3 days ago

2
Beds
1
Total Bath
794
Sq. Ft.

60 Division St, Newport, RI 02840 - Photo 1

Sold

$1,572,500

60 Division St Newport, RI 02840

Multi-Family
Closed

2
Units
4
Total Beds
0.0505
Acres

50 School St, Newport, RI 02840 - Photo 1

Sold

$1,700,000

50 School St #5 Newport, RI 02840

Condo
Closed

2
Beds
3
Total Baths
1,627
Sq. Ft.

18 Barney St Barney Ct, Newport, RI 02840 - Photo 1

Sold

$1,845,000

18 Barney St Barney Ct Newport, RI 02840

Apartment
Closed

6
Beds
4
Total Baths

5 Mt Vernon St, Newport, RI 02840 - Photo 1

Sold

$1,570,000

5 Mt Vernon St Newport, RI 02840

Single Family
Closed

4
Beds
3
Total Baths
2,145
Sq. Ft.

27 Franklin Street, Newport, RI 02840 (MLS# 1391417) is a Multi-Family property that was sold at $1,805,000 on September 30, 2025. Want to learn more about 27 Franklin Street? Do you have questions about finding other Multi-Family real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.

27 Franklin St Newport, RI 02840