$2,200,000

28 Pelham Street, Newport, RI 02840

  • 6 baths |
  • 10,850 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon5,053sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $203/sqft
  • Property List Date Icon Listed 28 days ago

Property 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. https://www.kirbykirby.com/listings/28-pelham-street-for-sale

Listing Status:
Active
Date Added:
March 4, 2026
Data Last Updated:
April 1, 2026 at 7:15AM
Listing Office:
Kirby & Kirby : 401-324-0048
MLS ID:
1405844
  • General: Skylights
  • Appliances: Gas Water Heater
  • Basement: Exterior EntryFullInterior EntryUnfinished
  • Flooring: CarpetHardwood
  • A/C: Central Air
  • Heating: Forced AirGas
  • Fireplace: Fireplaces: 0
  • Style: Historic/Antique
  • Parking: No GarageParking spaces: 0
  • Windows: Skylight(s)
  • General: DrywallClapboard3Slab
  • Originating MLS: RIS_RIS
  • County: Newport
  • Zoning: GB28PELHAMSTNEWP
  • Utilities: Sewer Connected110 Volts
  • Water: ConnectedPublic
  • Sewer: Connected
  • Source: RIS_RIS

This listing courtesy of Kirby & Kirby

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 Broadway, Newport, RI, 02840

Grades 5-8

0.41 miles away

F

Frank E. Thompson Middle School

55 Broadway, Newport, RI, 02840

Grades 5-8

0.41 miles away

N

Newport Area Career Tech Center

15 Wickham Rd, Newport, RI, 02840

Grades 9-12

1.29 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.