40 Atlantic Street, Newport (02840)
$865,000
3 
2
1,666
PROPERTY DETAILS
| Address: |
view address Newport, RI 02840 Map Location |
Features: | Basement, Forced Air, Golf Course, Multi-level |
|---|---|---|---|
| Bedrooms: | 3 | Bathrooms: | 2 (full: 1, half: 1) |
| Square Feet: | 1,666 sq.ft. | Lot Size: | 2614.0 |
| Year Built: | 1987 | Styles: | Colonial |
| Property Type: | Single Family Residence | Neighborhood: | 5TH WARD/WELLINGTON |
| County: | Newport | List Date: | 2025-05-21 |
| Listing Number: | 1385548 | Listed By: | Compass |
| Virtual Tour: | Click Here |
PROPERTY DESCRIPTION
Located in Newport's high-demand Fifth Ward/Wellington neighborhood, this 1990-built Colonial is a prime investment just blocks from Newport Harbor, King Park, Thames Street, and award-winning restaurants. The home features 3 bedrooms, 1.5 baths, plus a bonus room on the main level currently used as a 4th bedroom or office boosting rental income and flexibility. It offers off-street parking, a private patio, small fenced yard, and a clean, dry full basement with laundry. Recent updates include a new roof, full interior and exterior paint, refreshed landscaping, and a brand-new water heater. Hardwood floors run throughout, and the kitchen and baths are clean and functional, with room for future updates reflected in the price. With a strong rental history, this property offers excellent returns and long-term upside in one of Newport's most walkable and investor-friendly locations. A rare opportunity to own a low-maintenance home with high income potential and unbeatable proximity to Ida Lewis Yacht Club, Gooseberry Beach, and Ocean Drive. Use as a high-performing rental, seasonal getaway, or future dream home the options are all here.
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Interior
Appliances
| Appliances: | Electric Water Heater |
Features
| Door features: | Storm Door(s) | Fireplace features: | None |
| Flooring: | Laminate, Hardwood, Carpet, Ceramic Tile | Laundry Features: | Laundry Room |
| Laundry: | Yes | Window Features: | Storm Window(s), Insulated Windows |
Room Information
| Basement: | Yes | Basement features: | Exterior Entry, Unfinished, Interior Entry, Full |
Cooling & Heating
| Cooling features: | None | Heating features: | Natural Gas, Forced Air |
| Heating: | Yes |
Exterior
Exterior and Lot
| Lot features: | Corner Lot | Construction Materials: | Clapboard, Shingle Siding |
| Foundation details: | See Remarks | Style: | Colonial |
Parking
| Parking features: | No Garage |
Property Features
| Fencing: | Fenced | Patio and Porch features: | Deck, Patio |
Property and Lot Details
Features
| Community Features: | Tennis Court(s), Golf, Restaurant |
Other
| Sewer: | Public Sewer |
Fee
| Annual Tax: | 5617 |
Building Information
| Year Built: | 1987 | Levels: | Two |
| Stories: | 2 |
Lot
| Lot Dimensions: | 2614.0 |
Construction
| Building Area total: | 1666.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2025 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2025 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2025 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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