$1,150,000

About this home

A spacious two-family property ideally located in the heart of Newport’s Yachting Village, 10 Hammond Street presents a unique opportunity in one of Newport’s most desirable locations. The property offers a proven seasonal rental history, strong income-producing potential, and the flexibility for continued investment or a future single-family conversion. The property features a first-floor two-bedroom, one-bathroom apartment and a second- and third-floor four-bedroom, two-bathroom apartment. Each unit has separate utilities and heat systems. Additional amenities include off-street parking, a detached two-car garage, and desirable outdoor space—valuable features in downtown Newport. For an investor, 10 Hammond Street offers the opportunity to acquire an established two-family property in a highly sought-after location. For an owner-occupant, the existing configuration provides the potential to transition the property into a more substantial single-family residence while retaining the benefits of private parking, a two-car garage, and outdoor space. Conveniently located near Newport’s shops, restaurants, waterfront, and downtown attractions, 10 Hammond Street combines location, rental income potential, parking, garage space, and the flexibility to meet a variety of future ownership goals.

Property facts

Property type

Multi Family

Year built

1910

Lot size (acres)

0.1

Total rooms

11

Garage spaces

2

Total parking

5

Annual taxes

$8,452

Tax year

2025

Neighborhood

Yachting Village

County

Newport

Features

Heating

Oil, Baseboard, Forced Water

Cooling

None

Basement

Full, Interior and Exterior, Unfinished

Interior

Wall (Dry Wall), Plumbing (Mixed)

Laundry

In Building

Parking

Detached

Construction

Dry Wall, Vinyl Siding

Utilities

Sewer Connected, Water Connected

Waterfront

Walk to Salt Water, Walk To Water

Community

Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis

Location