About 23 Butler St
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.
Pricing and availability subject to change.
Features of 23 Butler St
| MLS® # | 1415739 |
|---|---|
| Price | $820,000 |
| Bedrooms | 4 |
| Bathrooms | 3 |
| Full Baths | 3 |
| Square Footage | 1,744 |
| Square Footage | 7452 |
| Acres | 0.17 |
| Year Built | 1981 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Style | Side By Side |
| Status | Active |
Community Information
| Address | 23 Butler St |
|---|---|
| City | Newport |
| County | Newport |
| State | RI |
| Zip Code | 02840 |
Amenities
| Utilities | Sewer Connected |
|---|---|
| Parking Spaces | 6 |
| Parking | No Garage |
| Garages | No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Ceramic Tile, Hardwood, Vinyl |
|---|---|
| Interior Features | Bathtub, Tub Shower |
| Appliances | Dishwasher, Gas Water Heater, Oven, Range, Refrigerator |
| Heating | Baseboard, Gas |
| Cooling | None |
| Fireplace | Yes |
| # of Fireplaces | 2 |
| Fireplaces | Insert, Gas, Masonry |
| # of Stories | 1 |
| Has Basement | Yes |
| Basement | Exterior Entry, Full, Interior Entry, Unfinished |
Exterior
| Exterior | Drywall, Brick, Shingle Siding |
|---|---|
| Construction | Drywall, Brick, Shingle Siding |
| Foundation | Concrete Perimeter |
Additional Information
| Date Listed | June 22nd, 2026 |
|---|---|
| Days on Market | 80 |
| Zoning | r10 |
| Short Sale | No |
| RE / Bank Owned | No |