Investors & Developers Take Notice! An exceptional opportunity awaits with this distinctive 7-unit multi-family property in one of Middletown's most desirable locations, just moments from Newport's famed Easton's Beach and within walking distance to St. George's School. Set on two adjoining lots, totaling approximately one half acre, this property offers a rare combination of location, scale, income producing potential and future development possibilities. The property provides generous off-street parking and elevated views toward the beach, adding to its appeal and long term value. The versatile unit mix includes a four bedroom townhouse style apartment, one studio apartment, three one-bedroom apartments, and two two-bedroom apartments, creating a diverse rental portfolio with strong appeal to a variety of tenants. The property is serviced by natural gas heat, town water and town sewer. With its proximity to the beaches, Newport's prestigious St George's School and the area's many attractions, this is a property where location truly drives value. Whether seeking an established multifamily investment, an opportunity to enhance and reposition an existing asset, or exploring its long term investment potential, this unique offering presents an exciting opportunity in a highly sought after coastal market. Photos are a sampling of rooms throughout various units.
Barbara Jagolinzer
Newport
REB.0013531
Office
(401) 847-4800
Mobile
(401) 345-6666
Listing Courtesy of RHODE ISLAND / Listed By: Barbara Jagolinzer, Newport
$865,000 (USD)
Slate Hill Farm Area Single Family Home
Active Under Contract
10 Circle Drive Middletown, RI 02842
3 Bed
3 Baths
2532 sqft
MLS# 1421042
First impressions are enduring, and this stately Colonial delivers a gracious introduction from the moment you arrive. Privately positioned at the end of a cul de sac in desirable Slate Hill Farm, this beautifully situated residence offers a rare combination of classic architectural character, generous proportions, and a tranquil, park-like setting on more than half an acre. An inviting open front porch sets the tone for the timeless elegance found within. The traditional Colonial floor plan offers beautifully defined spaces, including a formal living room and dining room ideal for both intimate gatherings and entertaining. Just beyond, the handsome den provides a warm and inviting retreat, anchored by an impressive raised hearth fireplace that serves as a natural focal point. Upstairs, three bedrooms include a primary suite with its own private full bath, along with a bonus room perfect for a home office or guest space and an updated full bath. Three full baths throughout the home provide exceptional convenience for both family and guests. Private, serene, and in beautiful Slate Hill Farm, this Colonial offers the charm and character of a classic home with plenty of space to make it your own. While there is a 3 bedroom sceptic system, there are actually 4 bedrooms.
Barbara Jagolinzer
Newport
REB.0013531
Office
(401) 847-4800
Mobile
(401) 345-6666
Listing Courtesy of RHODE ISLAND / Listed By: Barbara Jagolinzer, Newport