23 Butler Street, Newport, RI 02840

Newport
Local realty services provided by:ERA Key Realty Services
23 Butler Street,Newport, RI 02840
$820,000
Virtual Tour
  • 4 Beds
  • 3 Baths
  • 1,744 sq. ft.
  • Multi-family
  • Active
Listed by: frances bidell
Office: flagship real estate advisors
MLS#:1415739
Source:RI_STATEWIDE

Price summary

  • Price:$820,000
  • Price per sq. ft.:$470.18

About this home

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....

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Home facts

  • Year built:1981
  • Listing ID #:1415739
  • Added:50 day(s) ago
  • Updated:August 12, 2026 at 05:48 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:8
  • Flooring:Ceramic Tile, Hardwood, Vinyl
  • Bathrooms Description:Bathtub, Tub Shower
  • Kitchen Description:Dishwasher, Oven, Range, Refrigerator
  • Basement:Yes
  • Basement Description:Exterior Entry, Full, Interior Entry, Unfinished
  • Living area:1,744 sq. ft.

Heating and cooling

  • Heating:Baseboard, Gas

Structure and exterior

  • Year built:1981
  • Building area:1,744 sq. ft.
  • Lot area:0.17 Acres
  • Construction Materials:Brick, Drywall, Shingle Siding
  • Foundation Description:Concrete Perimeter
  • Levels:1 Story

Utilities

  • Water:Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$820,000
  • Price per sq. ft.:$470.18
  • Tax amount:$5,005 (2026)

Features and amenities

  • Appliances:Range, Refrigerator
  • Laundry features:Common Area
  • Amenities:Gas Water Heater

Parking

  • Total parking spaces:6
  • Parking description:No Garage
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: August 12, 2026

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