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$1,410,000

  • Sold
  • Closed
  • Multi-Family
  • 3 Units
  • 6 Total Beds
  • 0.076 Acres
  • 2 Car Garage
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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.

Full Property Details for 28 Young St

General

  • Sold For: $1,410,000
  • Taxes: $6,472 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: STWMLS
  • MLS ID: 1395235
  • Added to Site: 107 day(s) ago

Interior

  • Number of Rooms: 12
  • Interior Features: Stall Shower
  • Fireplace(s): None
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Flooring: Vinyl, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: In Unit

Additional Information

  • Tennis: Yes

Exterior

  • Exterior Features: Balcony
  • Porch/Patio/Deck: Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Total Spaces: 5
  • Parking Features: Detached, Garage

Location

  • County: Newport
  • Subdivision: Thames Spring

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard, Gas

Utilities

  • Sewer: Connected
  • Water: Connected
  • Utility Description: Sewer Connected

Structural Information

  • # Buildings: 2
  • Detached/Attached: Detached
  • Construction: Drywall, Wood Siding
  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Stories/Levels: 3
  • Building Size: 2828
  • Finished Total: 2,828 Sq. Ft.
  • Finished Above Grnd: 2,828 Sq. Ft.
  • Year Built: 1885

Lot Features

  • Lot Size (Acres): 0.076
  • Lot Size (Sq. Ft.): 3,310
  • Lot Size: 3310
  • Sidewalks: Yes

Water Features

  • Water Front Desc.: Walk to Water

Financial Considerations

  • Tax Amount: $6,472.94
  • Tax Year: 2025

Disclosures and Reports

  • Property ID: 28YOUNGSTNEWP
  • Lot Number: 318

Listed by Hogan Associates Christie's
Sold by Lila Delman Compass

Listing agent

— 28 Young St —

  • Hogan Associates Christie's

401-556-9563

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 28 Young St

School District:Newport School District, Newport, RI
NameGradesDistance
Frank E. Thompson Middle School
55 Broadway, Newport, RI 02840
5-80.7 mi
Pell Elementary School
35 Dexter Street, Newport, RI 02840
PK-41.9 mi
Rogers High School
15 Wickham Road, Newport, RI 02840
9-121 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 28 Young St

Date
Details
Price
Change
Source
12/30/2025
Sold
$1,410,000
-0.7%
MLS
10/03/2025
Listed
$1,420,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Hogan Associates Christie's
Sold by Lila Delman Compass

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28 Young Street, Newport, RI 02840 (MLS# 1395235) is a Multi-Family property that was sold at $1,410,000 on December 30, 2025. Want to learn more about 28 Young 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.