$575,000

23 Calvert Street, Newport, RI 02840

  • 2 beds |
  • 2 baths |
  • 1,100 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon4,848sqft lot
  • Property Parking Icon 8 car garage
  • Property Price Per Square Feet Icon $523/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

HIGHEST AND BEST DUE BY 10 A.M. 6/17 Rare Opportunity- 8-Bay Garage with Residential unit. This versatile property located in the vibrant heart of Newport offers an 8-bay garage with an existing 2-bedroom dwelling above, presenting a rare chance to create something truly special in downtown Newport. **PROPERTY DEEMED UNSAFE BY CITY** Front two garage bays are ordered to be demolished. Please do not attempt to access. Being SOLD “as-is”. Whether you're a savvy investor, developer, or visionary homeowner, this property holds endless potential. The existing structure will require extensive rehabilitation or may be better suited for redevelopment, offering a clean slate to bring your dream project to life. Zoned for residential use, this site could be transformed into a stunning custom residence, income-producing units or stylish live/work space (subject to local approvals). Walk to all waterfront attractions, shops, restaurants, and historic landmarks, the location is unmatched. Properties with this level of flexibility and opportunity are exceedingly rare – don't miss your chance to reimagine this space and capitalize on the demand for centrally located real estate in Newport. Endless potential. Premier location. Unlock the possibilities at 23 Calvert Street.

Listing Status:
Pending
Date Added:
June 10, 2025 at 05:00AM
Listing Office:
RE/MAX River's Edge : 401-245-2000
MLS ID:
1387319

This listing courtesy of RE/MAX River's Edge

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Frank E. Thompson Middle School

55 Dr Marcus Wheatland Blvd, Newport, RI, 02840

Grades 5-8

0.24 miles away

F

Frank E. Thompson Middle School

55 Dr Marcus Wheatland Blvd, Newport, RI, 02840

Grades 5-8

0.24 miles away

N

Newport Area Career Tech Center

15 Wickham Rd, Newport, RI, 02840

Grades 9-12

1.87 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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