About This Home
This 5-bedroom, 4-bathroom residential multi family at 247 W Main Road in Middletown, RI is listed for $1,249,000 ($437 per sqft). Built in 1945, the home offers 2,858 sqft of living space on a 0.44 acres lot.
Key Features
- Built in 1945
- 0.44 acre lot
- 14 parking spaces
- Fireplace
Property Details
Amenities
Rare Multi-Property Investment Opportunity! Exceptional offering of 247 and 249-251 West Main Road featuring two contiguous properties with outstanding income and investment potential in the heart of Middletown. Whether you're looking to expand your investment portfolio, generate rental income, or occupy one residence while leasing the others, this unique property offers exceptional flexibility.
Ideal for year-round rentals, furnished seasonal rentals, or short-term vacation rentals where permitted by local regulations. The prime location, just minutes from Newport, area beaches, shopping, restaurants, marinas, and Naval Station Newport, provides strong rental demand throughout the year.
The property also presents an excellent opportunity for a primary residence with supplemental income or future redevelopment potential, subject to municipal approvals. Rarely do three adjacent properties become available as a single offering, creating possibilities for investors, developers, and owner-occupants alike.
A truly unique opportunity to own a versatile income-producing property on Aquidneck Island with exceptional long-term appreciation potential. This single-family property is set back from road with a delightful private yard and mature shrubbery. The spacious 2 car garage and plenty of parking add exceptional value. House and duplex are also being listed separately, please see MLS #s 1418769 and 1418643.
Monthly Cost Estimate
$6,680/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
247 W Main Road
Middletown, RI 02842
Two Mile Corner
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Heating
Appliances
Questions & Answers
This 5-bedroom, 4-bathroom residential multi family at 247 W Main Road is listed at $1,249,000 ($437/sqft). The estimated monthly payment is $6,680 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1945, 0.44 acre lot, 14 parking spaces, Fireplace. Interior Features: Wall (Dry Wall), Attic, Plumbing (Mixed). Exterior Features: Deck, Screened Pch/Patio/Dck/Brzwy.
This property is listed by Jeanne Allen and can be reached at 4018642752.


