$1,549,000

About this home

Location! Location! Newly renovated, eight bedroom opportunity in the heart of Newport. Nestled in the middle of everything Newport, just steps to marinas, wharfs, restaurants, shops, galleries and so much more. Live the Newport life, while receiving ever increasing rental income. The eight bedrooms open up a world of possibilities. Choose the two-bedroom top floor and enjoy nightly sunset views of Newport harbor from the roof top deck. If you have been interested in living or owning in Newport, this may be your answer! The residence features a spacious three-bedroom, 1 bathroom layout on the first floor alongside a sprawling five-bedroom, 2-bathroom upper unit that spans two levels. The heavy lifting is already done, showcasing recent upgrades to include quartz countertops, kitchen appliances, freshly painted interiors, and new and refinished hardwood floors and more. Big-ticket expenditures are also covered with a three-year-old roof, newer gas heating systems, and an updated electrical system. This property has a long history of being a rental income producer, a near-zero vacancy rate. Separate utilities for each unit guarantee low overhead and a streamlined management experience for the owner-occupant or landlord . This versatile property presents endless possibilities as a high-performing investment property, seasonal rental, multi-generational residence, or a combination of personal use and rental income. *More Photos Coming*

Property facts

Property type

Multi Family

Year built

1890

Lot size (acres)

0.04

Total rooms

14

Garage spaces

0

Total parking

0

Annual taxes

$8,638

Tax year

2025

Neighborhood

Downtown

County

Newport

Features

Heating

Natural Gas, Forced Water, Gas Connected

Cooling

Other

Basement

Full, Interior Only, Unfinished, Laundry, Storage Space, Utility

Appliances

Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Gas Water Heater

Interior

Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed)

Fireplace

None

Laundry

In Building

Parking

No Garage

Construction

Dry Wall, Plaster, Shingles, Wood

Utilities

Sewer Connected, Water Connected

Water

Individual Meter

Waterfront

Walk to Salt Water

Community

Bus, Commuter Bus, Golf, Highway Access, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis

Exterior

Deck

Lot

Sidewalks

Location