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$749,000 Just Listed
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Property Description
Bring this grand two-family home back to its former beauty! Filled with character and potential, this legal two-family offers a wonderful opportunity for an investor, contractor, or owner-occupant ready to take on a renovation. Behind the years of wear are hardwood floors, beautiful original woodwork, charming architectural details, spacious rooms, high ceilings, and covered porches. The large walk-up third floor offers exciting potential for additional living space. There is plenty here worth preserving, and with the right vision and improvements, this property has the potential to truly shine again. Whether renovating for investment, rental income, or creating a home of your own, this is an opportunity to restore a distinctive property while building value. Property is being sold AS-IS; buyer to conduct all due diligence.
Full Property Details
Full Property Details for 7 Princeton St
General
- Price: $749,000
- Taxes: $5,293 (2025)
- Status: Active
- Type: Multi-Family
- Source: STWMLS
- MLS ID: 1425554
- Updated: Today (10/8/2026)
- Added to Site: Today
Interior
- Number of Rooms: 12
- Appliances: Oil Water Heater
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Total Spaces: 1
- Parking Features: No Garage
Location
- County: Newport
- Subdivision: Upper Broadway
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Oil
Utilities
- Sewer: Connected
- Water: Connected
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 1
- Architectural Style: Stacked
- Detached/Attached: Detached
- Construction: Shingle Siding
- Basement: Yes
- Basement Desc.: Exterior Entry, Full, Interior Entry, Unfinished
- Stories/Levels: 0
- Building Size: 3978
- Finished Total: 3,978 Sq. Ft.
- Finished Above Grnd: 3,978 Sq. Ft.
- Year Built: 1925
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,485
- Lot Size: 3485
Financial Considerations
- Tax Amount: $5,293
- Tax Year: 2025
Disclosures and Reports
- Inclusions: Property is being sold as-is.
- Property ID: 7PRINCETONSTNEWP
- Lot Number: 250
Listed by Our Real Estate
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Schools
Schools serving 7 Princeton St
School District:Newport School District, Newport, RI
| Name | Grades | Distance |
|---|---|---|
Pell Elementary School 35 Dexter Street, Newport, RI 02840 | PK-4 | 0.5 mi |
Frank E. Thompson Middle School 55 Broadway, Newport, RI 02840 | 5-8 | 0.8 mi |
Rogers High School 15 Wickham Road, Newport, RI 02840 | 9-12 | 2.5 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 7 Princeton St
Date
Details
Price
Change
Source
10/08/2026
Listed
$749,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7 Princeton St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,293
6%
$609,200
—
2024
$5,008
26%
$609,200
52%
2023
$3,965
3%
$399,700
—
2022
$3,841
3%
$399,700
—
2021
$3,729
5%
$399,700
16%
2020
$3,551
—
$345,400
—
2019
$3,551
3%
$345,400
—
2018
$3,451
23%
$345,400
39%
2017
$2,795
3%
$249,300
—
2016
$2,725
2%
$249,300
—
2015
$2,660
-4%
$249,300
8%
2014
$2,775
3%
$230,100
—
2013
$2,694
—
$230,100
—
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 7 Princeton St
7 Princeton Street, Newport, RI 02840 (MLS# 1425554) is a Multi-Family property with 2 units containing 4 bedrooms and 2 full bathrooms. 7 Princeton Street is currently listed for $749,000 and was received on October 08, 2026. Want to learn more about 7 Princeton 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.

