$2,500,000

About this home

Investors & Developers Take Notice! An exceptional opportunity awaits with this distinctive 7-unit multi-family property in one of Middletown's most desirable locations, just moments from Newport's famed Easton's Beach and within walking distance to St. George's School. Set on two adjoining lots, totaling approximately one half acre, this property offers a rare combination of location, scale, income producing potential and future development possibilities. The property provides generous off-street parking and elevated views toward the beach, adding to its appeal and long term value. The versatile unit mix includes a four bedroom townhouse style apartment, one studio apartment, three one-bedroom apartments, and two two-bedroom apartments, creating a diverse rental portfolio with strong appeal to a variety of tenants. The property is serviced by natural gas heat, town water and town sewer. With its proximity to the beaches, Newport's prestigious St George's School and the area's many attractions, this is a property where location truly drives value. Whether seeking an established multifamily investment, an opportunity to enhance and reposition an existing asset, or exploring its long term investment potential, this unique offering presents an exciting opportunity in a highly sought after coastal market. Photos are a sampling of rooms throughout various units.

Property facts

Property type

Multi Family

Year built

1880

Lot size (acres)

0.46

Total rooms

20

Garage spaces

0

Total parking

14

Annual taxes

$17,845

Tax year

2026

Neighborhood

Easton's Point

County

Newport

Features

Heating

Natural Gas, Central, Common, Forced Water, Gas Connected, Zoned

Cooling

None, Window Unit(s)

Basement

Full, Interior and Exterior, Unfinished

Appliances

Microwave, Oven, Range, Refrigerator, Gas Water Heater

Interior

Plumbing (Mixed), Insulation (Unknown)

Fireplace

None

Laundry

In Building, In Unit

Parking

No Garage

Utilities

Sewer Connected, Water Connected

Sewer

Public Sewer

Water

Municipal

Waterfront

Saltwater View, Walk to Salt Water

Community

Hospital, Private School, Public School, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis

Exterior

Deck

Lot

Paved

Location