23 Butler ST, Newport, RI 02840
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23 Butler ST, Newport, RI 02840
23 Butler ST, Newport, RI 02840
23 Butler ST, Newport, RI 02840
23 Butler ST, Newport, RI 02840
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Shaun Binner

Shaun Binner

+1(772) 349-2771
$ 820,000
Est. payment /mo
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Price Dropped by $29K

23 Butler ST Newport, RI 02840

4 Beds

3 Baths

1,744 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,744 sqft

Price per Sqft $470

MLS Listing ID 1415739

Style Side By Side

Bedrooms 4

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 1,744

Year Built 1981

Annual Tax Amount $5,005

Tax Year 2026

Lot Size 7,453 Sqft

Acres 0.1711

Property Sub-Type Multi Family

Property 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.

Location

State RI

County Newport

Zoning r10

Rooms

Basement Exterior Entry, Full, Interior Entry, Unfinished

Interior

Interior Features Bathtub, Tub Shower

Heating Baseboard, Gas

Cooling None

Flooring Ceramic Tile, Hardwood, Vinyl

Fireplaces Number 2

Fireplaces Type Insert, Gas, Masonry

Fireplace Yes

Appliance Dishwasher, Gas Water Heater, Oven, Range, Refrigerator

Laundry Common Area

Exterior

Community Features Highway Access, Marina, Public Transportation, Recreation Area, Restaurant, Shopping

Utilities Available Sewer Connected

Waterfront Description Walk to Water

Total Parking Spaces 6

Garage No

Building

Story One

Foundation Concrete Perimeter

Sewer Connected

Water Connected

Architectural Style Side By Side

Level or Stories One

Structure Type Drywall,Brick,Shingle Siding

New Construction No

Others

Senior Community No

Tax ID 23BUTLERSTNEWP

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Listed by Flagship Real Estate Advisors
Shaun Binner

Shaun Binner

Growth Coordinator | License ID: RES.0202685

+1(772) 349-2771

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23 Butler ST