$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.
Highlights
Property details
- MLS #
- 1424235
- Property type
- Multi Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- 1
- On market date
- September 23, 2026
- Stories
- 1
- Total bathrooms
- 3
- Garage spaces
- N/A
- Parking spaces
- 6
- Lot size
- 0.1711 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 744
- Student:teacher ratio
- 10.9:1
- District
- Newport
- Enrollment
- 565
- Student:teacher ratio
- 9.7:1
- District
- Newport
- Enrollment
- 620
- Student:teacher ratio
- 11.9:1
- District
- Middletown
Walkability
Blended score for Newport's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Newport, from live MLS data.
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 6 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.