4 Dresser St, Newport, RI, 02840
About This Home
THIS PROPERTY IS BEING SOLD AS-IS. Two-family gem with unlimited potential - this diamond in the rough is a rare find steps from the iconic Cliff Walk and minutes from shopping, dining and neighborhood amenities. Solid bones, new gas heating system in 2024 as well as new unit 2 appliances and flexible layout offer endless possibilities for owner-occupiers, investors, or someone ready to renovate and unlock significant value. Each unit features bright, airy rooms and classic architectural details waiting to be refreshed; imagine modern kitchens, spa-inspired baths, and thoughtful finishes that maximize rental income or create a luxurious two-family retreat. Off-street parking, a private yard, and proximity to waterfront complete the package. Bring your vision and tools - this property is poised for transformation into a standout coastal residence or high-return investment in one of the area's most desirable locations. Don't miss the chance to make this diamond shine.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Concrete Perimeter
- Construction materials: Dry Wall,Shingles
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dryer,Oven/Range,Refrigerator,Washer
- Laundry features: Common Area,In Building
Basement
- Has basement: Yes
- Basement: Partial,Interior Entry,Unfinished
Bathroom
- Features: Bath w Tub & Shower
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Wall (Dry Wall),Stairs,Plumbing (Mixed)
- Window features: Skylight(s)
- Flooring: Hardwood,Laminate
- Fireplace features: None
Heating & Cooling
- Heating features: Natural Gas,Baseboard,Steam
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 2,242
- Total interior livable area: 2,242 sqft
Property
Details
- Parcel number: NEWPM031B0054
- Attached to another structure: Yes
Features
- Stories: 3
- Patio & porch: Deck,Porch
- Waterfront features: Walk to Salt Water
Lot
- Lot size: 3,484 sqft
Parking
- Total spaces: 2
- Parking features: No Garage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,826 | $81,912 |
| Home Insurance * | $452 | $5,424 |
| Property Taxes | $961 | $11,532 |
| Electricity | $456 | $5,479 |
| Total | $8,695 | $104,340 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-29 | Listed for sale | $1,350,000 |
| 2026-07-20 | Contingent | $1,350,000 |
| 2026-06-24 | Price change | $1,350,000 |
| 2026-05-29 | Listed for sale | $1,550,000 |
| 2020-01-22 | Listing removed | $2,500 |
| 2019-12-04 | Price change | $2,500 |
| 2019-10-01 | Price change | $1,850 |
| 2019-07-09 | Price change | $2,000 |
| 2019-05-20 | Listed for rent | $2,200 |
| 2018-06-03 | Listing removed | $4,000 |
| 2018-05-03 | Listed for rent | $4,000 |
| 2017-12-02 | Listing removed | $1,600 |
| 2017-11-02 | Listed for rent | $1,600 |
| 2017-05-20 | Listing removed | $1,850 |
| 2017-05-17 | Price change | $1,850 |
| 2017-05-06 | Price change | $4,000 |
| 2017-03-09 | Listed for rent | $5,000 |
| 2011-07-20 | Listing removed | $3,500 |
| 2011-03-23 | Price change | $3,500 |
| 2011-02-18 | Price change | $1,200 |
| 2011-01-01 | Listed for rent | $1,250 |
| 2010-07-01 | Listing removed | $349,987 |
| 2010-05-14 | Listed for sale | $349,987 |
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