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$825,000
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Property Description
Located in Newport's high-demand Fifth Ward/Wellington neighborhood, this 1990-built Colonial is a prime investment just blocks from Newport Harbor, King Park, Thames Street, and award-winning restaurants. The home features 3 bedrooms, 1.5 baths, plus a bonus room on the main level currently used as a 4th bedroom or office boosting rental income and flexibility. It offers off-street parking, a private patio, small fenced yard, and a clean, dry full basement with laundry. Recent updates include a new roof, full interior and exterior paint, refreshed landscaping, and a brand-new water heater. Hardwood floors run throughout, and the kitchen and baths are clean and functional, with room for future updates reflected in the price. With a strong rental history, this property offers excellent returns and long-term upside in one of Newport's most walkable and investor-friendly locations. A rare opportunity to own a low-maintenance home with high income potential and unbeatable proximity to Ida Lewis Yacht Club, Gooseberry Beach, and Ocean Drive. Use as a high-performing rental, seasonal getaway, or future dream home the options are all here.
Full Property Details
Full Property Details for 40 Atlantic St
General
- Sold For: $825,000
- Taxes: $5,613 (2024)
- Status: Closed
- Type: Single Family
- Source: STWMLS
- MLS ID: 1392757
- Added to Site: 203 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: Attic, Tub Shower
- Fireplace(s): None
- Appliances: Electric Water Heater
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Parking
- Total Spaces: 4
- Parking Features: No Garage
Location
- County: Newport
- Subdivision: 5TH WARD/WELLINGTON
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Gas
Utilities
- Sewer: Public Sewer
- Water: Connected, Public
Structural Information
- Architectural Style: Colonial
- Detached/Attached: Detached
- Construction: Drywall, Clapboard
- Basement: Yes
- Basement Desc.: Exterior Entry, Full, Interior Entry, Partially Finished
- Stories/Levels: 2
- Building Size: 1666
- Square Feet: 1,666
- Living Area: 1,666 Sq. Ft.
- Finished Total: 1,666 Sq. Ft.
- Finished Above Grnd: 1,536 Sq. Ft.
- Finished Below Grnd: 130 Sq. Ft.
- Year Built: 1987
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,614
- Lot Size: 2614
- Fencing (Description): Fenced
Water Features
- Water Front Desc.: Walk to Water
Financial Considerations
- Assoc Fee Freq.: Monthly
- Tax Amount: $5,613
- Tax Year: 2024
Disclosures and Reports
- Property ID: 40ATLANTICSTNEWP
- Lot Number: 114
Listed by Compass
Sold by Lila Delman Compass
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Schools
Schools serving 40 Atlantic St
School District:Newport School District, Newport, RI
| Name | Grades | Distance |
|---|---|---|
Rogers High School 15 Wickham Road, Newport, RI 02840 | 9-12 | 0.3 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 40 Atlantic St
Date
Details
Price
Change
Source
8/27/2025
Sold
$825,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
40 Atlantic Street, Newport, RI 02840 (MLS# 1392757) is a Single Family property that was sold at $825,000 on August 27, 2025. Want to learn more about 40 Atlantic Street? 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.

