Map location of 5 Ann Street, Newport, RI 2840
$969,000
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5 Ann Street, Newport, RI 02840

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7 Beds
3 Baths
0 Sq Ft

Introducing a turn key 2-family investment property in the heart of Downtown Newport. This property has been meticulously maintained with a myriad of improvements over recent years and offers the savvy investor an opportunity to own a cash cow located in the coveted Lower Thames neighborhood. Both units feature 9 foot ceilings, original hardwood floors, vinyl windows, granite countertops, stainless steel appliances, recessed lighting, in unit washer/dryer, tankless Navien boilers, and a generous backyard area to enjoy Newport evenings. Unit 1 has two large bedrooms with ample natural sunlight, a large living room, eat-in kitchen, and one full bath. Unit 2 is a sprawling five-bedroom townhouse style apartment with a second-floor deck overlooking Thames St, two large living rooms to entertain guests, and two full bathrooms. The property has an incredibly strong rental history with both winter and summer tenants and is a true turn key investment generating $80,000 per year in revenue and $61,000 in NOI. The location and quality of this property make it a gem and a fantastic opportunity to own a piece of Downtown Newport!

Listing By: Lucas Barry - Re/Max Profnl. Newport, Inc. rimls Realty.com
  • MLS# 1295332
  • Date Listed10/04/2021
  • Bedrooms 7
  • Bathrooms 3 Full baths
  • Lot Size 0.05 acres (2,178 sq. ft)
  • Sewer Connected
  • Property Type Other
  • County Newport
  • Year Built 1900
  • Water Connected

Interior Features

  • Appliances Gas Water Heater
  • Flooring Hardwood
  • Cooling None
  • Heating Gas Heat

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.05
  • Lot Size SQFT 2,178.00
  • Lot Features -

Financial Considerations

  • Tax Amount $4,912
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Claiborne Pell Elementary School

Public • PK - 4 • Serves this home

2.87 mi

Distance

Aquidneck Elementary School

Public • PK - 3

3.05 mi

Distance

The Pell @ Rogers High School

Public • PK - PK

3.82 mi

Distance

Jamestown School-melrose

Public • PK - 4

5.22 mi

Distance

Frank E. Thompson Middle School

Public • 5 - 8 • Serves this home

0.73 mi

Distance

Joseph H. Gaudet School

Public • 6 - 8

4.47 mi

Distance

Joseph Gaudet Academy

Public • 4 - 5

4.47 mi

Distance

Jamestown School-lawn

Public • 5 - 8

5.22 mi

Distance

Newport Area Career And Technical Center

Public • 9 - 12 • Serves this home

1.41 mi

Distance

Rogers High School

Public • 9 - 12

1.41 mi

Distance

Middletown High School

Public • 9 - 12

4.09 mi

Distance

St George's School

Private • 09 - 12

3.37 mi

Distance

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in RI / 02840

Source: Walkscore

89/100

Very Walkable

Walk Score ®

29/100

Some Transit

Transit Score ®

61/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

6 nearby routes: 6 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 28/100, Transit Score: 7/100, Bike Score: 35/100.

Points of Interest near 5 Ann Street, Newport, RI 2840

Frequently Asked Questions for 5 Ann Street

Source: Realty.com

5 Ann Street, Newport, RI 2840 is a Other, Residential Income property listed for $969,000 The property is 0 sq. ft with 7 bedrooms and 3 bathrooms

Realty.com has 37 photos of 5 Ann Street.

Our records indicate that 5 Ann Street was built in 1900.

The full address for this home is 5 Ann Street, Newport, RI 2840.

5 Ann Street has been listed on Realty.com since Mon October 04, 2021

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 28/100, Transit Score: 7/100, Bike Score: 35/100.

There are 3 schools assigned to this home. Check out the schools near 5 Ann Street. Claiborne Pell Elementary School (Grades: PK - 4), Frank E. Thompson Middle School (Grades: 5 - 8), Newport Area Career And Technical Center (Grades: 9 - 12)

Listing provided courtesy of: Re/max Profnl. Newport, Inc. (tel: 401-849-0100)
Listing agent: Lucas Barry (tel: 401-862-7172) (#39337)

This content last refreshed on 2025-12-20 14:28:08. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 5 Ann Street, Newport, RI 2840 : MLS# 1295332

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