1. Rhode Island
2. Newport
3. 40 Atlantic Street

40 Atlantic Street, Newport, RI 02840

• 3 beds |
• 2 baths |
• 1,666 sqft

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.

Listing Status:

Active

Date Added:

May 22, 2025 at 05:00AM

Listing Office:

Compass / Lila Delman Compass : 401-269-3244

MLS ID:

1385548

Interior

• General: Tub Shower
• Appliances: Electric Water Heater
• Basement: Exterior EntryFullInterior EntryUnfinished
• Flooring: CarpetCeramic TileHardwoodLaminate
• A/C: None
• Heating: Forced AirGas
• Fireplace: Fireplaces: 0

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Compass / Lila Delman Compass