247 West Main Road, Middletown, RI 02842

Middletown
Local realty services provided by:ERA Key Realty Services
247 West Main Road,Middletown, RI 02842
$1,150,000
  • 5 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: jeanne allen, arthur chapman
Office: william raveis inspire
MLS#:1418571
Source:RI_STATEWIDE

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Price summary

  • Price:$1,150,000

About this home

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...

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Home facts

  • Year built:1945
  • Subdivision & Development:Two Mile Corner
  • Listing ID #:1418571
  • Added:101 day(s) ago
  • Updated:November 04, 2026 at 08:32 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:10
  • Flooring:Carpet, Ceramic Tile, Hardwood, Marble, Vinyl
  • Bathrooms Description:Tub Shower
  • Kitchen Description:Dishwasher, Oven, Range, Refrigerator
  • Basement:Yes
  • Basement Description:Full, Interior Entry, Unfinished

Heating and cooling

  • Heating:Hot Water, Oil

Structure and exterior

  • Year built:1945
  • Construction Materials:Brick, Drywall, Masonry, Wood Siding
  • Exterior Features:Deck, Paved Driveway, Porch, Screened
  • Foundation Description:Concrete Perimeter
  • Levels:1 Story

Utilities

  • Water:Connected, Public, Water Available
  • Sewer:Connected, Public Sewer, Sewer Available, Sewer Connected

Finances and disclosures

  • Price:$1,150,000
  • Tax amount:$10,178 (2025)

Features and amenities

  • Appliances:Range, Refrigerator, Washer
  • Laundry features:Common Area, Washer
  • Amenities:Electric Water Heater, Oil Water Heater, Storm Windows

Parking

  • Total parking spaces:14
  • Parking description:Detached, Garage, Paved Driveway
  • Garage:Yes
  • Garage spaces:2
MLS LogoThe data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than ERA Key Realty Services are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 State-Wide MLS, Inc. All rights reserved. Date Last Update: November 4, 2026

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