# 247 W Main Road, Middletown, RI 02842

> **TL;DR:** 5bd/4ba residential multi family, $1,249,000 ($437/sqft), built 1945, 2,858 sqft.
> Fireplace, Hardwood. Est. $6,680/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,249,000 |
| Price/sqft | $437 |
| Bedrooms | 5 |
| Bathrooms | 4 full |
| Square Feet | 2,858 |
| Year Built | 1945 |
| Lot Size | 19,166 sqft (0.44 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $6,316 |
| Estimated Insurance | $364 |
| **Total** | **$6,680** |

## Key Amenities

- Fireplace
- Hardwood

## Property Highlights

- Built in 1945
- 0.44 acre lot
- 14 parking spaces
- Fireplace

## Description

### Agent Description
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.

## Location

- **Address:** 247 W Main Road, Middletown, RI 02842
- **County:** Newport
- **Neighborhood:** Two Mile Corner
- **Coordinates:** 41.5122864, -71.301828
- **Google Maps:** https://www.google.com/maps?q=41.5122864,-71.301828

## Listing Agent

- **Name:** Jeanne Allen
- **Brokerage:** William Raveis Inspire
- **Phone:** 4018642752

## Primary Photo

![247 W Main Road - Primary Photo](http://lh.rdcpix.com/ea4f25da41c3ad661b7796dd769c09d6l-f3299131277r.jpg)

*37 total photos available on [listing page](https://www.propertysimple.ai/listing/247-w-main-road-middletown-ri-02842-1418571)*

---

**MLS#:** 1418571 | **Updated:** 2026-08-01
**Source:** listhub

*Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/247-w-main-road-middletown-ri-02842-1418571)

---

## Structured Data

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  "description": "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 permit",
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  "datePosted": "2026-07-30",
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