23 Butler Street, Newport, RI 02840

Property Description

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. Conveniently located near the Naval Station Newport, downtown Newport, local beaches and waterfront access, making this an attractive option for military personnel, professionals, commuters, and long-term renters seeking proximity to Newport and Narragansett Bay.