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Investment Properties for Sale in Rhode Island

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Photo 1 of Multi family home for sale at 27 Elm St, Newport, RI 02840 | MLS# 1427366 | Listing updated on 2026-11-03

$2,600,000

Views: 11

Bedrooms: 8Bds

Bathrooms: 3Ba

Area: 2,918sqft

Multi family home for sale

27 Elm St, Newport, RI 02840

Hogan Associates Christie'S

Showing 127 - 168 of 1,947 homes for sale in Rhode Island

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Rhode Island Housing Market Overview

Rhode Island is a balanced market, giving buyers and sellers room to negotiate. With 3.1 months of supply and homes averaging 58 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

58

Inventory

2,622

Oct 2021Jul 2024Oct 2026

Median Home Price

$531,250Up 6.25%

In Oct 2026 · YoY

Oct 2021Jul 2024Oct 2026

Mortgage Rates 30-Yr Fixed

7.24%Down 0.08%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
2,622 Up 13.41%
Newly Listed Homes
1,811 Up 5.97%
Months of Supply
3.1 Up 24.00%

Housing Demand

Homes Sold
833 Down 9.55%
Sale-to-List Ratio
99.7% Down 0.28%
Homes Sold Above List
41.9% Down 6.87%

30-yr fixed rate 7.24% · Data as of Oct 2026 · Source: Houzeo Research.

View Full Rhode Island Market Report
No. of Homes
Prices
Houses for Sale in Wanskuck, Providence
55
-
Houses for Sale in Mount Pleasant, Providence
44
-
Houses for Sale in West End, Providence
44
-
Houses for Sale in Elmhurst, Providence
35
-
Houses for Sale in Silver Lake, Providence
34
$480,000
Houses for Sale in Elmwood, Providence
33
-
Houses for Sale in Washington Park, East Providence
33
-
Houses for Sale in Smith Hill, Providence
31
-
Houses for Sale in Federal Hill, Providence
30
-
Houses for Sale in Blackstone, East Providence
29
-
Houses for Sale in Mount Hope, Providence
28
-
Houses for Sale in Fox Point, East Providence
28
-
Houses for Sale in Charles, Providence
27
-
Houses for Sale in Downtown, Providence
25
-
Houses for Sale in College Hill, Providence
23
-
Houses for Sale in Lower South Providence, East Providence
20
-
Houses for Sale in Olneyville, Providence
20
-
Houses for Sale in Wayland, East Providence
18
-
Houses for Sale in Hartford, Providence
15
-
Houses for Sale in Upper South Providence, Providence
13
-
Wanskuck, Providence Neighborhood Guide
Mortgage Calculator
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Best Places to Live in Rhode Island
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  • mls-img
    Based on information from State-Wide MLS through Nov 5, 2026, 12:45 PM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 State-Wide MLS, Inc. All rights reserved.
  • mls-img
    Based on information provided to and compiled by MLS Property Information Network, Inc. covering through Nov 5, 2026, 12:45 PM. The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. © 2026 MLS Property Information Network, Inc. All Rights Reserved.
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Homes Available icon

1,947

Homes Available

Median List Price icon

$ 531,250

Median List Price

Avg on Market icon

58 Days

Avg on Market