7 Sheffield Avenue, Newport, RI 02840

$1,099,000
3
BD
3
BA

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,099,000
MLS#
1428436
Status
ACTIVE
Type
Multifamily
City
Newport
County
Newport
Bedrooms
3
Bathrooms
3
Year Built
1850

Property Description

This newly renovated two-family home is the perfect owner-occupied investment. As turnkey as they come with a strong rental history, separate utilities, private decks, in unit laundry, parking for four, and both units vacant, you can choose your unit and your tenant from day one. The feature unit spans the entire second and third floors. The second floor is highlighted by an open kitchen, living, and dining area, plus a bedroom, full bath, a large mudroom with in-unit laundry, and a private deck. The third floor is an epic primary suite with sweeping views of the Newport Bridge, a walk-in closet, and a spa like bath with a tiled shower, double vanity and a soaking tub. The first floor unit features an open kitchen, dining, and living space, one bedroom, one bath, in-unit laundry, private deck and a flexible office/playroom/or guest room. Both units have rented well, especially to Navy families and professionals who want to be close to Naval Station Newport or within a short walk of downtown. White oak and hickory floors and central air run through both units. Each unit also has its own heating and cooling system and its own water meter, so tenants cover their own utilities and your costs stay predictable. Outside, there's a common patio, off-street parking, and a full basement with an outside entrance. Owner-occupants get a home with built-in income, and investors get a proven rental that's ready to lease at today's rents. UNIT A photos being uploaded soon

Additional Information

Electric
200+ Amp Service
Cooling
Central Air, Ductless
Sewer
Connected

How much is your home worth?

...get instant property value now!

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of SERHANT.. Contact:

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2026 State-Wide Multiple Listing Service. All rights reserved. Data Last Updated: