58 Allston Avenue Middletown

The Property

58 Allston Avenue, Middletown, RI 02842 — A rare, fully licensed and turn key short term rental investment in coveted Easton’s Point. This legal 5 bedroom, 3 bath single family home is a proven income producer, generating approximately $94,000 in annual gross revenue, and is being offered fully furnished with all furniture, fixtures, decorations, linens, kitchenware, and guest amenities included so the new owner can continue STR operations immediately.

The “Coastal Charm Beach House” enjoys a prime location in the Easton’s Point neighborhood—just a short walk to Sachuest Beach(2nd Beach), Easton’s Beach (First Beach) and the Newport Cliff Walk, and only about 2–2.5 miles to downtown Newport’s restaurants, shops, and waterfront attractions. This balance of beach access and proximity to downtown makes it especially appealing to summer visitors, event guests, and year round travelers seeking a classic Newport area experience.