23 Butler Street Newport, RI $ 790,000
23 Butler Street
$ 790,000
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23 Butler Street

Newport, RI, 02840
$ 790,000
Bedrooms4 Baths3.0 Sq 1,744

Monthly Estimate*

$ 4,988

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Multi-Family Home for sale in Newport, RI

for $790,000 with 4 bedrooms and 3 full baths. This 1,744 square foot home was built in 1981 on a lot size of 0.1711.

Excellent one level duplex at an amazing price offers 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. Each side has separately metered gas and electric and a full, concrete basement. Currently producing $4,500 per month or $54,000 annually in gross rental income. Excellent additional rent potential with minor cosmetic improvements and updates. An outstanding 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.

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Multi-Family Active

Price

$ 790,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 5,005

Style

Lot Size

0.1711

Year Built

1981

Town/City

Newport

County/Region

Newport

MLS | Web ID

1424235

Features
General
Sewer Connected
Heating Baseboard Gas
Cooling None
Utilities Sewer Connected
Possession Negotiable
Zoning r10
Garage Spaces 0
Construction Materials Drywall Brick Shingle Siding
Year Built 1981
Electric 100 Amp Service
Levels One
Property Subtype Multi Family
Tax Year 2026
Waterfront Features Walk to Water
Community Features Highway Access Marina Public Transportation Recreation Area Restaurant Shopping
County Newport
Operating Expense 0
New Construction false
Property Type Residential Income
Garage Y/N false
Total Rooms 8
Full Baths 3
Status Active
City Newport
Senior Community Y/N false
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 7452
Land Lease Y/N false
Tax Annual Amount 5005
Standard Status Active
Tax Assessed Value 608900
Tax Lot 059
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Interior
Interior Amenities Bathtub Tub Shower
Basement Exterior Entry Full Interior Entry Unfinished
Flooring Ceramic Tile Hardwood Vinyl
Total Fireplaces 2
Fireplace Features Insert Gas Masonry
Total Stories 1
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N true
Half Baths 0
Laundry Features In Unit
Total Bedrooms 4
Total Baths 3
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Exterior
Parking Features No Garage
Water Source Connected
Total Parking 6
Lot Size Area 7452
Foundation Details Concrete Perimeter
Number of Buildings 1
Building Area Total 1744
Lot Size Acres 0.1711
Covered Spaces 0
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* Excluded Features
List By
Flagship Real Estate Advisors

Broker

fran@rihomesearch.com

Email

Affordability Calculator

$5,405
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,988
Monthly Property Taxes
$417
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.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
9/24/2026$790,000 Listed Price

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23 Butler Street, Newport, RI, 02840 is a Multi-Family Home for sale at $790,000 with 1,744 sqft and a lot size of 0.1711. 23 Butler Street has 4 bedrooms, 3.0 baths, and was built in 1981. The property's zip code is 02840 which is in Newport, RI