$790,000

About this home

Excellent one level duplex at an amazing price offers two spacious residential units, strong rental income, ample parking, and future expansion potential. Unit A features 2 bedrooms and 2 full baths, while Unit B offers 2 bedrooms and 1 full bath. Both units have desirable features including fireplaces, hardwood floors, large kitchens, and comfortable single-level living. Each side has separately metered gas and electric and a full, concrete basement. Currently producing $4,500 per month or $54,000 annually in gross rental income. Excellent additional rent potential with minor cosmetic improvements and updates. An outstanding opportunity for an owner-occupied duplex, multifamily investment property, or year-round rental. Conveniently located near the Naval Station Newport, downtown Newport, local beaches and waterfront access, making this an attractive option for military personnel, professionals, commuters, and long-term renters seeking proximity to Newport and Narragansett Bay.

Property facts

Property type

Multi Family

Year built

1981

Lot size (acres)

0.171

Total rooms

8

Garage spaces

0

Total parking

6

Annual taxes

$5,005

Tax year

2026

HOA / condo fee

$0

County

Newport

Features

Heating

Natural Gas, Baseboard

Cooling

None

Basement

Full, Interior and Exterior, Unfinished

Appliances

Dishwasher, Oven, Range, Refrigerator, Gas Water Heater

Interior

Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)

Fireplace

Brick, Gas Insert, Insert

Laundry

In Unit

Parking

No Garage

Construction

Dry Wall, Brick, Shingles

Utilities

Sewer Connected, Water Connected

Waterfront

Walk To Water

Community

Bus, Highway Access, Marina, Recreational Facilities, Restaurants, Shopping

Location