$10,000 Closing Credit¹
#1385731, Listing office: Compass / Lila Delman Compass
$865,000 List price
40 Atlantic St Newport, RI 02840
$10,000
Closing credit¹
3 beds
1 full, 1 partial
1,666 sqft
0.06 acres
$519 / sqft
House
Property details
About 40 Atlantic St
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.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
Size1,666 sqft
BasementYes
Lot size0.06 Acres
Year built1987
ParkingNo Garage
MLS #1385548
WaterfrontWaterfront
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Appliances: Electric Water Heater
- Basement: Yes
- Flooring Type: Carpet, Ceramic Tile, Hardwood, Laminate
- Interior: Tub Shower
- Fireplace: None
- Total Bedroom Count: 3
- Parking: No Garage
- Waterfront: Waterfront
- Exterior: Deck, Patio
- Architectural Style: Colonial
- Heating: Forced Air, Natural Gas
- Cooling: None
- List Price: $865,000
- Price/SqFt: $519
- HOA Amount: $0 Monthly
- Annual Tax Amount: $5,613
- Tax Year: 2024
- Lot: Corner Lot
- Year Built: 1987
- Stories: 2
- Living Area: 1,666 SqFt
- Lot Size: 0.06 Acres
- MLS Number: 1385548
- MLS Name: RIS
- Office Name: Compass / Lila Delman Compass
- Office Phone: (401) 269-3244
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/13/2025, 11:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$865,000
40 Atlantic St
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 31, 1995 | Home Sold | $134,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $682,900 | $5,613 |
| 2023 | $450,600 | $4,470 |
| 2022 | $450,600 | $4,330 |
| 2021 | $450,600 | $4,204 |
| 2020 | $400,200 | $4,114 |
| 2019 | $400,200 | $4,114 |
History based on county public records data.
Nearby schools
4
Claiborne Pell Elementary School
Public District PK-4
2.5 mi
•35 Dexter St
5
Joseph Gaudet Academy
Public District 4-4
3.7 mi
•1113 Aquidneck Ave
7
Melrose Avenue School
Public District PK-4
3.8 mi
•76 Melrose Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $78,853. Typical income of Newport, RI residents is between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
17%
<35k
54%
35k-100k
27%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
61%
Single, No Kids
7%
Single, with Kids
19%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
5%
12-17 yrs old
30%
18-34 yrs old
40%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Yoga/pilates
NBA/WNBA
Where do the neighbors shop?
Chico's
H&M
New York & Company
Where do the neighbors go to eat?
Boston Market
Dominos Pizza
Qdoba
What do the neighbors drive?
Volvo
Audi
Infiniti
What do the neighbors listen to?
Talk/Personality
Alternative
Active Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Newport, RI
Newport's transportation infrastructure supports both private and public transit options, with a network of roads and bridges connecting the city to the rest of Rhode Island and beyond. Public transportation services are available, providing connections to key areas within the city and to neighboring communities. The city is also bike-friendly, with several designated paths and lanes. For those without a vehicle, ride-sharing services are a popular choice for getting around.
The community benefits from a robust educational system, with a number of public and private schools providing a range of educational opportunities. Healthcare services are comprehensive, with local hospitals and clinics offering a variety of medical care options. Newport's public library system serves as a valuable resource for residents, and the city's array of shops and restaurants reflects the local culture, with an emphasis on seafood and coastal cuisine.
Newport is celebrated for its vibrant history and maritime culture, with the community taking pride in its well-preserved architecture and famous seaside attractions. The city's character is further enriched by annual events such as the Newport Jazz Festival and the Newport International Boat Show, which draw visitors from around the world and contribute to the area's lively atmosphere.
Newport's housing market is characterized by a blend of historic charm and modern luxury, with a significant presence of colonial and Victorian-style homes that reflect the city's rich history. The housing landscape is diverse, offering a mix of single-family homes, apartments, and townhouses. While the majority of homes are owner-occupied, there is also a substantial rental market catering to the city's seasonal population and year-round residents alike.
About 40 Atlantic St
The listing price of 40 Atlantic St property is $865,000.
The property 40 Atlantic St is a house located in Newport, Rhode Island, 02840.
Active Listing: 40 Atlantic St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 40 Atlantic St are: Claiborne Pell Elementary School (GreatSchools Rating 4/10), Joseph Gaudet Academy (GreatSchools Rating 5/10), Melrose Avenue School (GreatSchools Rating 7/10), Frank E. Thompson Middle School (GreatSchools Rating 3/10), Lawn Avenue School (GreatSchools Rating 8/10), Joseph H. Gaudet School (GreatSchools Rating 8/10), Rogers High School (GreatSchools Rating 3/10), Middletown High School (GreatSchools Rating 4/10), Narragansett High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $5,613 (source: MLS/based on county public records data).
The last sale was on March 31, 1995 for $134,000 (source: MLS/tax record).
The property at 40 Atlantic St has 3 bedrooms and 1 full and 1 half bathrooms.
The property 40 Atlantic St is 1,666 SqFt (source: MLS/tax record).
The year of construction for 40 Atlantic St is 1987.
This home is located at 40 Atlantic St in Newport, RI and zip code 02840. This 1,666 square foot home, which was built in 1987, sits on a 0.06 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 23, 2025 and is currently priced at $865,000.
In May 2025, from all listings sold in Newport, RI there were more than 7 sold above asking price, over 11 sold below and more than 0 were sold right at the asked price. In May 2025 in Newport, RI there were 34.8% more homes for sale than in April. In May 2025, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $965,000.
From Rocket Homes Real Estate and based on county public records data.