27 Franklin ST

Newport,RI 02840

$ 1795000

5 Beds

4 Baths

2758 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,758 sqft

Price per Sqft $650

Subdivision Historic Hill

MLS Listing ID 1391417

Bedrooms 5

Full Baths 4

Year Built 1745

Annual Tax Amount $9,382

Tax Year 2025

Lot Size 2,535 Sqft

Property Sub-Type Multi Family

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.

Location

State RI

County Newport

Community Historic Hill

Zoning GB

Interior

Heating Gas,Hot Water

Cooling None

Flooring Carpet,Hardwood,Laminate,Vinyl

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.

Exterior

Community Features Marina,Near Hospital,Near Schools,Restaurant,Shopping,Tennis Court(s)

Utilities Available Sewer Connected

View Y/N Yes

View Saltwater,Water

Building

Foundation Combination

Sewer Connected

Water Connected

Structure Type Drywall,Plaster,Clapboard

New Construction No

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