Browse All Middletown RI Multi-Family Properties for Sale

Investors & Developers Take Notice! An exceptional opportunity awaits with this distinctive 7-unit multi-family property in one of Middletown's most desirable locations, just moments from Newport's famed Easton's Beach and within walking distance to St. George's School. Set on two adjoining lots, totaling approximately one half acre, this property offers a rare combination of location, scale, income producing potential and future development possibilities. The property provides generous off-street parking and elevated views toward the beach, adding to its appeal and long term value. The versatile unit mix includes a four bedroom townhouse style apartment, one studio apartment, three one-bedroom apartments, and two two-bedroom apartments, creating a diverse rental portfolio with strong appeal to a variety of tenants. The property is serviced by natural gas heat, town water and town sewer. With its proximity to the beaches, Newport's prestigious St George's School and the area's many attractions, this is a property where location truly drives value. Whether seeking an established multifamily investment, an opportunity to enhance and reposition an existing asset, or exploring its long term investment potential, this unique offering presents an exciting opportunity in a highly sought after coastal market. Photos are a sampling of rooms throughout various units.

80 Briarwood Avenue, Middletown

Listing courtesy of Williams & Stuart Real Estate. Contact:

$875,000

4 Beds ⋅ 2 Baths

Cash-flowing side-by-side duplex on a private 0.62-acre lot in Middletown with engineered 3-car garage plans already complete. Two fully separate 2-bedroom/1-bath units (approx. 840 sq ft each) currently generate $4,500/month in gross rent ($2,400 + $2,100). Live in one side and let the other cover a meaningful portion of your mortgage, or hold both as an income property. Hardwood floors, a partial unfinished basement with laundry, paved driveway, and off-street parking for four cars are already in place. What sets this listing apart is the work already done on the next improvement. A licensed engineer and architect have completed the survey, engineered site plan, and architectural drawings for a 3-car garage. Review the package immediately instead of spending months and thousands of dollars discovering whether a garage will fit. Renderings available upon request. Set back on a quiet residential lot yet minutes from Newport's beaches, restaurants, and marinas, local schools, and everyday shopping. A practical Aquidneck Island property with income in place and a defined value-add already designed.

590 Turner Road, Middletown

Listing courtesy of SERHANT.. Contact:

$779,800

4 Beds ⋅ 2 Baths

Set on a quiet cul-de-sac in a highly convenient Middletown location, 29 Sherwood Road offers a versatile two-family opportunity ideal for investors, multigenerational living, or an owner-occupied arrangement with supplemental rental income. Each well-maintained unit features two bedrooms, one full bathroom, comfortable living spaces, and off-street parking. The property is located just minutes from Easton's Beach, downtown Newport, local restaurants, shopping, schools, and everyday amenities, with convenient access to the Newport Naval Station and destinations throughout Aquidneck Island. Whether used for year-round rentals, seasonal housing, or a combination of personal and income-producing use, this property offers flexibility in an area with strong rental demand. Enjoy easy access to the shoreline, Newport's celebrated dining and entertainment, and the relaxed coastal lifestyle that makes Middletown such a desirable place to live and invest.

29 Sherwood Road, Middletown

Listing courtesy of SERHANT.. Contact:

$535,000

5 Beds ⋅ 2 Baths

Great opportunity for affordable property on Aquidneck Island. Side by Side 2 family. 3 bedroom in Unit B is just about move in ready. Fresh paint, wide pine floors, easy layout with open kitchen and laundry area. Private backyard area with storage shed and deck. Unit A is two bedroom and it is ready for your own ideas on the best way to show its potential. Endless possibilities to open it up to single family living, or live in one side and gain income from the other. Exterior is easy care vinyl siding and the roof is less than 10 years old. Both units have their own front gated yards and private spaces outside. Shared driveway for two cars total, or dedicate the parking to one of the units as street parking is easily accessible.

28 Ludlow Road, Middletown

Listing courtesy of First Resort, LLC. Contact:

$7,900,000

4 Beds ⋅ 6 Baths

WATERFRONT on INDIAN AVENUE. C ad M le F ilte, One Hundred Thousand Welcomes. An extraordinary waterfront compound located on the historic grounds of Stonybrook Estate. The property features a 4,609 square foot Manor House built in 1988, a historically significant 1,522 square foot Horace Trumbauer Gate House constructed in 1935, and a gunite pool with cabana overlooking the Sakonnet River. This gracious contemporary home was custom-designed with traditional elements including a steeply pitched slate roof, tall gables and half-timbering. Through the front door is a comfortable, open floor plan with stunning water views from nearly every room. The kitchen, living, dining and primary bedrooms all provide access to stone terraces around the pool and lush gardens with opportunities for a relaxing indoor-outdoor lifestyle. Enjoy expansive water views and meticulously landscaped grounds with specimen trees and an English Garden. This bucolic setting is on the rural and much-loved Indian Avenue, just 1.5 miles from beautiful Second and Third Beaches and 15 minutes to downtown Newport.

515 Indian Avenue, Middletown

Listing courtesy of Mott & Chace Sotheby's Intl.. Contact:

$1,800,000

7 Beds ⋅ 6 Baths

ATTENTION BUYERS - GREAT OPPORTUNITY TO PURCHASE A PROPERTY AS A FAMILY COMPOUND OR FOR AN INVESTMENT - Turnkey two-family home has been completely upgraded and sits on Easton's Point within walking distance to the beach! You'll find 8 bedrooms (2 are ensuite) and 6 bathrooms with everything updated - bathrooms, central A/C, two kitchens, floors, two laundry washers/dryers, with all furniture included in the sale. Other highlights include an attached garage, deck, private and flat backyard, and parking for at least 8 cars. Floor plans allow for flexibility of customizing the size of each rental unit or splitting the space to your configuration preference for personal use and a rental unit. A large unfinished basement provides tons of storage space which may allow the adding of a finished living space/rec room. The property maybe converted back to single-family use and is currently rented seasonally until May 2026. No bookings exist beyond May 2026. There is a current short term rental(SRT) registration and Airbnb summer rentals have been highly successful. Note: this listing is also shown as a single-family listing under MLS listing #1395808.

4 James Street, Middletown

Listing courtesy of Teri Degnan RE & Consulting. Contact:

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Browse All Middletown RI Multi-Family Properties for Sale

Middletown Multi-Family Real Estate

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