USARINewportHistoric Hill28 Pelham Street
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28 Pelham Street, Newport, RI

House

For Sale

Listed price in listed location currency (USD).
$2,200,000

060

MLS® 1405844

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 10850 sqft
Garage No
Taxes $13,249
Days Active 0
Lot Size 0.116 acres
Approx. Age 1900
Avg. Price Per Sqft $202
MLS® Number 1405844

Property Address: 28 Pelham Street, Newport, RI, 02840

Average square foot calculated using Size range provided by listing agent.

Description

Presently being used as a commercial office building, 28 Pelham could be the next residential conversion right on Historic Hill. Whether you're searching for an occupied investment property, envisioning a residential conversion, or dreaming up Newport's next boutique hotel, 28 Pelham Street deserves your attention. Ideally situated in the heart of historic downtown Newport just one block from the iconic Bowens Wharf and Thames Street this three-story, 10, 800 square foot building with a full basement offers rare versatility in one of New England's most coveted coastal markets. Currently operating as a multi-tenant office building with 16 individual tenants on yearly leases, the property generates consistent income from day one. Its well-laid-out floor plans across three full stories make it equally compelling for an owner-occupant seeking a signature headquarters, a developer with an eye toward adaptive reuse, or an investor looking to hold a stabilized asset in a high-demand location. Zoned General Business, the property also opens the door to a range of alternative uses including residential conversion and transient guest facilities subject to city approvals. Opportunities like 28 Pelham, where location, flexibility, and income converge, rarely come to market in downtown Newport. Don't let this one pass you by.
MLS® Number1405844
Laundry Level
Central VacNo
FireplaceNo
Acreage0.116
Exterior
GarageNo
Approx. Age1900
BasementExterior Entry, Full, Interior Entry, Unfinished
DrivewayNo Garage
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 4, 2026List Date
$2,200,000List Price
  • Commute

Commute

Starting Address
Destination Address
28 Pelham Street, Newport, RI

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