Description
Excellent one-level duplex investment property in a convenient Rhode Island location, offering 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. Current rents are $2,500 per month for Unit A and $2,000 per month for Unit B, producing $4,500 per month or $54,000 annually in gross rental income. There may be additional rental upside with cosmetic improvements and updates. An excellent 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.
-
4BEDS
-
0.17ACRES
-
3BATHS
-
01/2 BATHS
-
1,744SQFT
-
$470$/SQFT
School Ratings & Info
Description
Excellent one-level duplex investment property in a convenient Rhode Island location, offering 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. Current rents are $2,500 per month for Unit A and $2,000 per month for Unit B, producing $4,500 per month or $54,000 annually in gross rental income. There may be additional rental upside with cosmetic improvements and updates. An excellent 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.
![[Rhode Island Statewide MLS] logo](https://static.boomtownroi.com/content/photos/rhodeisland/idx/idx-large.gif)
© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than John Krekorian | Flagship Forbes Global Properties are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or John Krekorian | Flagship Forbes Global Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-08-12T23:37:55.17.