Newport Homes under $500,000

Newport Homes under $500,000

**Discover Newport, Rhode Island: A Coastal Gem with Affordable Homes**

Nestled on the picturesque shores of Aquidneck Island, Newport, Rhode Island, is a city steeped in rich history and vibrant culture. Known for its stunning coastal landscapes, historic mansions, and bustling waterfront, Newport offers a unique blend of charm and sophistication. Whether you’re strolling along the famous Cliff Walk, exploring the opulent Gilded Age estates, or savoring fresh seafood at one of the many waterfront restaurants, Newport is a treasure trove of experiences waiting to be discovered.

For those seeking a home in this enchanting city without breaking the bank, Newport presents an array of options under $500,000. This is an incredible opportunity to own a piece of paradise in one of New England’s most sought-after locations. From cozy cottages to quaint townhouses, you’ll find properties that perfectly suit your lifestyle and budget. Many homes in this price range boast charming features, such as original hardwood floors, updated kitchens, and lovely outdoor spaces ideal for entertaining or relaxing in the coastal breeze.

Newport is not just about beautiful homes; it’s also a vibrant community with a rich arts scene, excellent schools, and numerous recreational activities. Enjoy sailing on the bay, attending local festivals, or visiting the renowned International Tennis Hall of Fame. With its unique blend of culture, history, and natural beauty, Newport is the perfect place to call home. Don’t miss your chance to explore the affordable housing options that make living in this coastal paradise a reality!

Newest Newport Homes under $500,000

66 Girard Avenue Unit 112, Newport
$250,000
1 Beds ⋅ 1 Baths
Newport North End Prime Location! Spacious One Bedroom Unit available in the sought-after Bridgeview Condominiums. Perfect for first time homebuyers, investors or second home owners. The second-floor condo has been freshly painted, entire unit and carpets have been professionally cleaned. Completely move in ready! The entry has plenty of closets for coats and storage. The open floor plan consists of a good size kitchen with all new appliances just installed on 10-16-2026, dining area and oversize living room ready for your creative design. The ample bedroom can easily fit a king size bed and has floor to ceiling double closets. The in-unit laundry room is across the hall, adjacent to the full bath with tub and shower. The high efficiency boiler is fueled by natural gas. There is a wall unit in the living room for cooling. Centrally located near the Naval Base, CCRI, stores, restaurants and just minutes to downtown, beaches, shopping, dining, and all Newport attractions. Commuters will love the easy access to the Newport Bridge, Route 138, and public transportation. There are 2 assigned parking spaces and plenty of guest parking on the premises plus Professional Management. Must see to appreciate all this condominium has to offer! Tax Rate Based on Owner Out Of State Status for 2026

66 Girard Avenue Unit 112, Newport

Listing courtesy of RE/MAX Profnl. Newport, Inc.. Contact:

1 Leal Terrace, Newport
$449,000
3 Beds ⋅ 1 Baths
Welcome to 1 Leal Terrace, a classic Newport home offering a flexible layout, generous outdoor space, and an opportunity to make this home yours. The main level features a living room, eat-in kitchen, full bath, and two bedrooms with hardwood floors. Upstairs, you'll find an additional bedroom with a walk-in closet plus a bonus room ideal for a home office, den, or additional flex space. Warm wood paneling, built-ins, and hardwood flooring add character to the upper level. Outside, a large deck extends the living space and overlooks the fenced yard, while off-street parking adds everyday convenience. Located near the Newport Navy Base with convenient access to downtown, shopping, dining, beaches, and recreation. Easy access to the Newport Pell Bridge and major routes also makes getting on and off Aquidneck Island a breeze. Whether you're looking for a year-round home, Newport getaway, or a property you can update and make your own, 1 Leal Terrace offers space, location, and plenty of potential in the City by the Sea.

1 Leal Terrace, Newport

Listing courtesy of Our Real Estate. Contact:

54 Homer Street, Newport
$399,000
4 Beds ⋅ 1 Baths
Investor Opportunity in Newport! This 4-bedroom, 1-bath home offers approximately 1,472 sq ft of living space on a 0.39-acre lot. The property offers a manageable footprint and plenty of potential for an investor looking for their next fix-and-flip, rental renovation, or value-add project. The generous lot and established structure provide a strong foundation for cosmetic updates and modernization. Located at 54 Homer Street, enjoy the convenient Newport location with easy access to Middletown, Portsmouth, and the surrounding Aquidneck Island communities. A great opportunity to renovate and reposition a single-family home on a spacious lot. This is the perfect project for an investor seeking a money making opportunity or a homeowner to build strong equity. PROPERTY SOLD AS-IS. CASH OR HARD MONEY ONLY. First and only showing at this time is open house.

54 Homer Street, Newport

Listing courtesy of Century 21 Limitless. Contact:

9 Whitfield Place Unit 5, Newport
$495,000
2 Beds ⋅ 1 Baths
Set in Newport's stately Historic Hill neighborhood, this completely renovated 2-bedroom, 1-bath condo offers the perfect blend of historic charm and modern updates. Featuring hardwood floors throughout, quartz countertops, tile backsplash, gas cooking, custom storage in each bedroom, a tiled shower, and an in-unit washer/dryer combo. Enjoy your own private rooftop deck, perfect for relaxing or entertaining. Ideally located within walking distance to Bellevue Avenue, Broadway, and Thames Street, this move-in-ready condo is perfect for a primary residence, vacation home, or Newport getaway.

9 Whitfield Place Unit 5, Newport

Listing courtesy of Lila Delman Compass. Contact: 401-862-7428
66 Girard Avenue Unit 312, Newport
$385,000
2 Beds ⋅ 2 Baths
Turnkey 2-Bedroom Townhouse Prime Newport Location!! Perfect for first-time buyers, investors, or second-home owners! This beautifully updated 2-bed, 1.5-bath townhouse is located in the desirable Bridgeview Condominiums in Newport's North End just minutes to downtown, beaches, shopping, dining, and the Naval Station. Commuters will love the easy access to the Newport Bridge, Route 138, and public transportation. Step through your private entrance into a bright foyer with cathedral ceilings, skylight, and smart storage, including a spacious under-stair area. The open main level features a renovated eat-in kitchen with new cabinets, Allen & Roth countertops, stainless appliances, tile flooring, backsplash, and recessed lighting. The sunny living/dining area boasts parquet wood floors, and the chic half bath includes Italian tile, updated vanity, and modern fixtures. Upstairs: enjoy soaring ceilings, a large primary bedroom with custom closet, a spacious second bedroom, and a fully renovated bath with soaking tub, Italian tile, and updated vanity. The laundry room offers bonus storage. Additional perks include an updated electrical panel, freshly painted ceilings, assigned off-street parking, and professional management for low-maintenance living. Move-in ready and full of value don't miss this opportunity! Schedule your showing today.

66 Girard Avenue Unit 312, Newport

Listing courtesy of RE/MAX Profnl. Newport, Inc.. Contact:

66 Girard Avenue Unit 417, Newport
$395,000
2 Beds ⋅ 2 Baths
Nicely Updated Bridgeview Condo Near Newport Navy Base and Downtown Newport. 2 Spacious Bedrooms, 1.5 Baths with Open Living Room /Dinina Area, Nearly New Windows, Updated Heating and AC and Granite Kitchen Counters. Hardwoods and Carpet Throughout. Water and Sewer Included in Condo Fee. Tenant in Place Requiring Notice to Show. Great Residential Condo or Investment Property. See Interior Photos at MLS #1395774 - Rental In Place.

66 Girard Avenue Unit 417, Newport

Listing courtesy of Hogan Associates Christie's. Contact: 401-345-6886
70 Carroll Avenue Unit 307, Newport
$385,000
2 Beds ⋅ 1 Baths
Don't miss out on this 2 bedroom Newport condo located in the popular 5th Ward, just steps from downtown and close to everything the City By The Sea has to offer. Walk to town or bike to the beaches. 2nd Floor, open floor plan with heat, water and professionally maintained grounds included in the HOA fee. Private storage and laundry in building, 2 on-site parking spaces. Current lease through March 2027 ($2,300)

70 Carroll Avenue Unit 307, Newport

Listing courtesy of RI Real Estate Services. Contact:

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