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.
Getting Around
Very Walkable
Minimal Transit
BikeableSchools
Construction
Condition
- Year built: 1880
Materials
- Foundation: Mixed
- Construction materials: Dry Wall,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Water Heater,Dishwasher,Dryer,Microwave,Oven/Range,Refrigerator,Trash Compactor,Washer
- Laundry features: Common Area,In Unit
Basement
- Has basement: Yes
- Basement: Full,Walk-Out Access,Unfinished
Bathroom
- Features: Bath w Tub & Shower
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- Wall (Dry Wall),Insulation (Unknown)
- Flooring: Vinyl
- Fireplace features: None
Heating & Cooling
- Heating features: Natural Gas,Baseboard,Forced Water
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 2,552
- Total interior livable area: 2,553 sqft
Property
Details
- Parcel number: NEWPM039B0303
- Attached to another structure: Yes
- Zoning: R10
Features
- Stories: 3
- Waterfront features: Walk to Salt Water,Walk To Water
Lot
- Lot size: 8,502 sqft
Parking
- Total spaces: 8
- 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
- Coastal Flooding
- 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 | $960 | $11,520 |
| Electricity | $519 | $6,239 |
| Total | $8,757 | $105,084 |
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 |
|---|---|---|
| 2026-04-22 | Listed for sale | $1,350,000 |
| 2026-04-20 | Listing removed | $1,395,000 |
| 2026-02-19 | Listed for sale | $1,395,000 |
| 2022-10-30 | Listing removed | -- |
| 2022-10-17 | Listed for rent | $3,000 |
| 2022-10-10 | Listing removed | -- |
| 2022-10-03 | Price change | $3,000 |
| 2022-09-28 | Price change | $3,100 |
| 2022-09-01 | Price change | $3,300 |
| 2022-08-03 | Listed for rent | $3,400 |
| 2022-03-28 | Listing removed | -- |
| 2022-03-01 | Price change | $3,400 |
| 2022-01-27 | Listed for rent | $3,600 |
| 2020-11-09 | Sold | $750,000 |
| 2020-10-17 | Pending sale | $750,000 |
| 2020-08-20 | Listed for sale | $750,000 |
| 2016-12-30 | Sold | $350,000 |
| 2013-05-12 | Listing removed | $1,500 |
| 2012-08-09 | Listed for rent | $1,500 |
| 2011-03-12 | Listing removed | $1,500 |
| 2011-02-15 | Listed for rent | $1,500 |
| 2006-11-06 | Sold | $375,000 |
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