28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport
28 Pelham Street, Newport

28 Pelham Street Newport

$2,200,000
3 10,850 sq ft

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The Property

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.

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Listing Details

MLS Number

1405844

Lot Size:

0.12 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished
  • Bus
  • Commuter Bus
  • Highway Access
  • Hospital
  • Marina
  • Private School
  • Public School
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Tennis
  • Heating: Natural Gas, Forced Air
  • Heating Fuel: Natural Gas, Forced Air
  • Local Historic District
  • Sidewalks
  • Year Built: 1900
  • Water Amenities: Walk to Salt Water

See more features

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Market Trends for Single Family Homes
in Newport

  • Overview
    Homes for Sale Today66-93.6% decrease in inventory
    New on Market *15-58.3% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$653.85$58 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,131,773$969,005 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *94.35%1.2% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$500.62$104 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *11518 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Kirby & Kirby

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