247 West Main Road Middletown, RI $ 1,249,000
247 West Main Road
$ 1,249,000
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247 West Main Road

Middletown, RI, 02842
$ 1,249,000
Bedrooms5 Baths4.0 Sq 2,858

Monthly Estimate*

$ 7,886

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Multi-Family Home for sale in Middletown, RI

for $1,249,000 with 5 bedrooms and 4 full baths. This 2,858 square foot home was built in 1945 on a lot size of 0.44.

Rare Multi-Property Investment Opportunity! Exceptional offering of 247 and 249-251 West Main Road featuring two contiguous properties with outstanding income and investment potential in the heart of Middletown. Whether you're looking to expand your investment portfolio, generate rental income, or occupy one residence while leasing the others, this unique property offers exceptional flexibility. Ideal for year-round rentals, furnished seasonal rentals, or short-term vacation rentals where permitted by local regulations. The prime location, just minutes from Newport, area beaches, shopping, restaurants, marinas, and Naval Station Newport, provides strong rental demand throughout the year. The property also presents an excellent opportunity for a primary residence with supplemental income or future redevelopment potential, subject to municipal approvals. Rarely do three adjacent properties become available as a single offering, creating possibilities for investors, developers, and owner-occupants alike. A truly unique opportunity to own a versatile income-producing property on Aquidneck Island with exceptional long-term appreciation potential. This single-family property is set back from road with a delightful private yard and mature shrubbery. The spacious 2 car garage and plenty of parking add exceptional value. House and duplex are also being listed separately, please see MLS #s 1418769 and 1418643.

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Multi-Family Active

Price

$ 1,249,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,178

Style

Lot Size

0.44

Year Built

1945

Town/City

Middletown

County/Region

Newport

MLS | Web ID

1418571

Features
General
Sewer Connected Public Sewer
Heating Hot Water Oil
Cooling None
Utilities Sewer Available Sewer Connected Water Available
Possession Negotiable
Zoning OBA
Garage Spaces 2
Patio/Porch Features Deck Porch Screened
Construction Materials Drywall Brick Masonry Wood Siding
Year Built 1945
Electric 100 Amp Service
Levels One
Property Subtype Multi Family
Tax Year 2025
Business Type Other
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
Attached Garage false
Subdivision Name Two Mile Corner
Garage Y/N true
Total Rooms 10
Full Baths 4
Status Active
City Middletown
Senior Community Y/N false
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 19167
Land Lease Y/N false
Tax Annual Amount 10178
Standard Status Active
Tax Assessed Value 868300
Tax Lot 283
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Interior
Interior Amenities Attic Stall Shower Tub Shower Cable TV
Basement Full Interior Entry Unfinished
Flooring Carpet Ceramic Tile Hardwood Marble Vinyl
Total Fireplaces 2
Fireplace Features Masonry Marble Tile
Total Stories 1
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Window Features Storm Window(s)
Fireplace Y/N true
Half Baths 0
Laundry Features Common Area
Total Bedrooms 5
Total Baths 4
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Exterior
Exterior Amenities Deck Paved Driveway
Parking Features Detached Garage
Water Source Connected Public
Total Parking 14
Inclusions Seller's Lead Disclosure
Lot Size Area 19167
Foundation Details Concrete Perimeter
Number of Buildings 2
Building Area Total 2858
Lot Size Acres 0.44
Covered Spaces 2
Door Features Storm Door(s)
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* Excluded Features
List By
William Raveis Inspire

Broker

jeanne.allen@raveis.com

Email

Affordability Calculator

$8,734
Per Month
90%
10%
0%
Monthly Principal & Interest
$7,886
Monthly Property Taxes
$848
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
7/26/2026$1,249,000 Listed Price

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247 West Main Road, Middletown, RI, 02842 is a Multi-Family Home for sale at $1,249,000 with 2,858 sqft and a lot size of 0.44. 247 West Main Road has 5 bedrooms, 4.0 baths, and was built in 1945. The property's zip code is 02842 which is in Middletown, RI