17 Dearborn Street, Newport, Rhode Island 02840

Presenting 17 Dearborn Street, The Owen Greelish House. Located just three doors from Thames Street, 17 Dearborn puts you in the center of Newport’s vibrant waterfront district steps from world-class dining, boutique shopping, nightlife, and the harbor. This is a rare opportunity to own in one of the most walkable and high-demand locations in town. Currently configured as a two-unit multi-family home, the property offers flexibility for a wide range of buyers. Whether you're an investor looking for strong rental income, a second-home buyer seeking a base in the heart of downtown, or a homeowner interested in converting to a single-family residence or condominiums, the potential here is exceptional. The first-floor unit features two bedrooms and one full bath. The upper townhouse-style unit offers additional living space across two floors, with the option to dormer the third level to create a larger footprint. Each unit has separate utilities and its own laundry, and the private, shaded backyard provides a peaceful retreat in this downtown setting. In a market where location drives value, 17 Dearborn delivers on every level; proximity, potential, and upside. Opportunities like this in downtown Newport are few and far between.