249 West Main Road
Middletown, RI, 02842 $ 499,000
Bedrooms2 Baths2.0 Sq 1,060 Monthly Estimate*
$ 3,151
for $499,000 with 2 bedrooms and 2 full baths. This 1,060 square foot home was built in 1949 on a lot size of 0.13.
Calling all investors! Lots of potential in this 2-unit property. Excellent investment opportunity in the heart of Middletown! This side-by-side duplex features two one-bedroom, one-bath units, making it an ideal property for investors or owner-occupants seeking rental income. Each unit offers a functional layout with private entrances and comfortable living spaces. Perfectly situated on the Newport line, this property offers exceptional convenience to everyday amenities, including grocery stores, department stores, home d cor retailers, and a wide variety of popular restaurants. Just minutes from Newport's vibrant waterfront, historic attractions, and renowned beaches, residents can enjoy the best of Aquidneck Island living. Whether heading to Second Beach, Easton's Beach, downtown Newport, or nearby parks and recreation, everything is within easy reach. With its prime location, strong rental appeal, and proximity to shopping, dining, beaches, and all that Newport has to offer, this duplex presents an outstanding opportunity for both investment and owner. Property is also being sold as a package with 247 West Main, MLS # 1418571.
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FeaturesGeneralSewer Connected Public Sewer
Heating Hot Water Oil
Cooling None
Utilities Sewer Available Sewer Connected Water Available
Possession Negotiable
Zoning OBA
Garage Spaces 0
Construction Materials Drywall Masonry Wood Siding
Year Built 1949
Electric 100 Amp Service Separate Meters
Levels One
Property Subtype Multi Family
Tax Year 2025
Community Features Golf Highway Access Marina Near Hospital Near Schools Other Pool Public Transportation Recreation Area Restaurant Shopping See Remarks Tennis Court(s) Sidewalks
County Newport
Operating Expense 0
New Construction false
Property Type Residential Income
Subdivision Name Two Mile Corner
Garage Y/N false
Total Rooms 4
Full Baths 2
Status Active
City Middletown
Senior Community Y/N false
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 5663
Land Lease Y/N false
Tax Annual Amount 4400
Standard Status Active
Tax Assessed Value 373200
Tax Lot 283
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InteriorInterior Amenities Stall Shower Cable TV
Basement Crawl Space
Flooring Carpet Vinyl
Total Fireplaces 0
Fireplace Features None
Total Stories 1
Air Conditioning Y/N false
Heating Y/N true
Window Features Storm Window(s)
Fireplace Y/N false
Half Baths 0
Total Bedrooms 2
Total Baths 2
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ExteriorExterior Amenities Paved Driveway
Parking Features No Garage
Water Source Connected Public
Total Parking 4
Inclusions Sellers' Lead Disclcosure
Lot Size Area 5663
Foundation Details Concrete Perimeter
Number of Buildings 1
Building Area Total 1060
Lot Size Acres 0.13
Covered Spaces 0
Door Features Storm Door(s)
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* Excluded FeaturesList ByWilliam Raveis InspireBroker
jeanne.allen@raveis.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,151
- Monthly Property Taxes
- $367
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Middletown, RI
Average List Price $1,812,438
Percent of Sale Price 263%
About Middletown, RI 16,354 Population
-6% Since 2002
$ 65,207 Median Income
44.62 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/26/2026 | $499,000 | | Listed Price |