33 HALSEY ST, NEWPORT, RI 02840

ACCESS & CONNECTIVITY

RIPTA’s Newport service includes Route 67, which circulates to major city destinations, and Route 68, which serves Memorial Boulevard and First Beach. Route 64 provides a direct transit link between Newport Transit Center and Kingston Railroad Station, making Amtrak access practical for regional travel.

For rail access, the closest major passenger rail connection is Kingston Amtrak Station, which is reached from Newport by RIPTA Route 64 or by a relatively short drive.

For highway travel, Route 138 is the key east-west corridor serving Newport and the Newport Bridge, and it connects into the broader network leading toward I-95.

AREA AMENITIES & DEMAND DRIVERS

33 Halsey Street is situated within a highly desirable coastal submarket of Newport, where a combination of tourism, institutional presence, and regional connectivity drive sustained demand for apartment housing.

A key demand driver is Naval Station Newport, which anchors the local economy and supports a significant population of military personnel, contractors, and transient residents. The base, along with its network of defense, maritime, and research-related employers, has fueled substantial growth in high-value professional and technical sectors.

The city’s concentration of waterfront attractions, historic assets, and summer events drives strong employment in accommodation, food service, and retail sectors, with seasonal population surges creating consistent demand for both short-term and long-term rental housing.

Regionally, Newport benefits from proximity to larger employment hubs, most notably Providence, located approximately 30–40 minutes north via Route 138 and I-95. Providence expands the employment base significantly, offering opportunities across government, healthcare, finance, and education.

HISTORIC AND ATTRACTIVE NEWPORT LOCATION

The city’s picturesque shoreline, including Easton's Beach and Sachuest Beach, draws significant seasonal tourism, with beaches bustling throughout the summer months and serving as a major driver of foot traffic and local economic activity.

Complementing its coastal appeal, Newport is internationally recognized for its historic prestige, highlighted by the iconic Gilded Age mansions along Bellevue Avenue, including The Breakers and Marble House.

These landmark estates, along with the scenic Cliff Walk, reinforce Newport’s reputation as a high-end leisure destination rooted in history, architecture, and coastal luxury.

OFF-STREET PARKING

The Property features ample parking with five (5) off-street parking spaces.

NEARBY HIGHER EDUCATION

The Property is located just minutes from Salve Regina University, a private university enrolling over 2,800 students and situated on a beautiful coastal campus integrated into Newport’s historic Gilded Age estates.

Beyond Newport, the Property also benefits from access to a deep pool of higher education institutions throughout the state. Other institutions include Brown University, an Ivy League research institution, and Providence College, a private Roman Catholic institution.

SEPARATELY METERED UTILITIES

Tenants are responsible for gas-powered heating & hot water, as well as separately metered electricity, which they pay directly. The Landlord is responsible for providing city water & sewer, which they pay directly.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 14,800 people live within 1 mile of the Property with an average household income of $124,700. Over 38,100 people reside within 3 miles of the Property with an average household income of $138,860.

QUALITY OF LIFE AMENITIES

Casual and café-style options such as Corner Market Café and Market on Broadway provide convenient breakfast, lunch, and grab-and-go offerings, while also functioning as neighborhood staples. These are complemented by Newport’s broader dining scene, which includes a range of highly regarded local favorites and coastal restaurants throughout the downtown and waterfront districts, reinforcing the city’s reputation as a regional food destination.

For quick-service and national chain options, residents have access to nearby regional retail corridors where brands such as Chick-fil-A and Raising Cane's Chicken Fingers are located, providing additional convenience within a short drive.

Retail and grocery amenities are similarly well-established, with neighborhood-oriented options like Newport Cafe & Go Grocer offering everyday essentials in close proximity. This is supplemented by specialty and prepared-food markets such as Market on Broadway, as well as larger-format grocery options in the surrounding Aquidneck Island and greater Rhode Island trade area.