$1,400,000
About this home
58 Allston Avenue, Middletown, RI 02842 — A rare, fully licensed and turn key short term rental investment in coveted Easton’s Point. This legal 5 bedroom, 3 bath single family home is a proven income producer, generating approximately $94,000 in annual gross revenue, and is being offered fully furnished with all furniture, fixtures, decorations, linens, kitchenware, and guest amenities included so the new owner can continue STR operations immediately. The “Coastal Charm Beach House” enjoys a prime location in the Easton’s Point neighborhood—just a short walk to Sachuest Beach(2nd Beach), Easton’s Beach (First Beach) and the Newport Cliff Walk, and only about 2–2.5 miles to downtown Newport’s restaurants, shops, and waterfront attractions. This balance of beach access and proximity to downtown makes it especially appealing to summer visitors, event guests, and year round travelers seeking a classic Newport area experience.
Highlights
Property details
- MLS #
- 1418714
- Property type
- Single Family Residence
- Subdivision
- Easton's Point
- Status
- Active
- Days on market
- 10
- On market date
- July 31, 2026
- Stories
- N/A
- Garage spaces
- 1
- Lot size
- 0.1446 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 308
- Student:teacher ratio
- 12.8:1
- District
- Middletown
- Enrollment
- 565
- Student:teacher ratio
- 9.7:1
- District
- Newport
- Enrollment
- 620
- Student:teacher ratio
- 11.9:1
- District
- Middletown
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 10 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.