23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport
23 Butler Street, Newport

23 Butler Street Newport

$820,000
4 3 1,744 sq ft

Map View Street View

The Property

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.

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Listing Details

MLS Number

1415739

Lot Size:

0.17 acres

Features

  • Basement: Full, Interior and Exterior, Unfinished
  • Bus
  • Highway Access
  • Marina
  • Recreational Facilities
  • Restaurants
  • Shopping
  • Fireplace: Brick, Gas Insert
  • Heating: Natural Gas, Baseboard
  • Heating Fuel: Natural Gas, Baseboard
  • Laundry
  • Year Built: 1981
  • Water Amenities: Walk To Water

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Market Trends for Single Family Homes
in Newport

  • Overview
    Homes for Sale Today99-91.5% decrease in inventory
    New on Market *4235.5% increase in new listings
    Avg. Asking Price/Sq.Ft. *$827.12$29 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,380,006$81,206 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *92.99%-6.9% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$723.51$47 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *652 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

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