32 Houston Ave, Newport, RI, 02840

About This Home

Rare three-family home in Newport’s Fifth Ward set on an oversized 8,500+ square foot lot, just six doors from King Park and Newport Harbor. A short walk brings you to Thames Street, downtown, and some of the area’s best dining, shops, beaches, NYYC, Ida Lewis YC, and more. One of Newport’s most walkable and desirable coastal neighborhoods. The property features an updated first-floor three-bedroom unit with in-unit laundry, along with two well-maintained one-bedroom units on the second and third floors. Two of the three units currently have leases in place, offering immediate income with flexibility moving forward. Whether maintained as a multi-family investment, repositioned to increase rental potential, or converted into a larger single-family residence, the property offers multiple paths depending on your goals. The expansive lot provides ample off-street parking and presents additional opportunity for outdoor improvements, a garage, or future expansion. A strong offering in a PRIME location, with both current income and long-term upside.