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3 Beds
3 Baths
2,280 sqft

$1,099,000

7 Sheffield Avenue, Newport RI, 02840

Price per sqft$482.02
Built in1850
Property size2,280 sqft
Property typeMulti-family

Overview

Active

Listed Nov 13, 2026

Updated 40 min ago

This newly renovated two-family home is the perfect owner-occupied investment. As turnkey as they come with a strong rental history, separate utilities, private decks, in unit laundry, parking for four, and both units vacant, you can choose your unit and your tenant from day one. The feature unit spans the entire second and third floors. The second floor is highlighted by an open kitchen, living, and dining area, plus a bedroom, full bath, a large mudroom with in-unit laundry, and a private deck. The third floor is an epic primary suite with sweeping views of the Newport Bridge, a walk-in closet, and a spa like bath with a tiled shower, double vanity and a soaking tub. The first floor unit features an open kitchen, dining, and living space, one bedroom, one bath, in-unit laundry, private deck and a flexible office/playroom/or guest room. Both units have rented well, especially to Navy families and professionals who want to be close to Naval Station Newport or within a short walk of downtown. White oak and hickory floors and central air run through both units. Each unit also has its own heating and cooling system and its own water meter, so tenants cover their own utilities and your costs stay predictable. Outside, there's a common patio, off-street parking, and a full basement with an outside entrance. Owner-occupants get a home with built-in income, and investors get a proven rental that's ready to lease at today's rents. UNIT A photos being uploaded soon

$7,312/mo

Est. mortgage payment based on a $1,099,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1428436

Interior Features

Bedrooms
3
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$4,985
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of SERHANT., 401-835-8810

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Data last updated 3:37 AM UTC, 11/15/2026.

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