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For sale
    • Price cut: $29K (8/5)
    $820,000

    23 Butler St, Newport, RI 02840

    4beds
    1,744sqft
    : 
    $5,070/mo
    Get pre-qualified
    Multi Family
    Built in 1981
    -- sqft lot
    $793,200 Zestimate®
    $470/sqft
    $-- HOA

    What's special

    Ample parkingTwo spacious residential unitsLarge kitchensHardwood floorsComfortable single-level living
    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.
    55 days
    |
    1,100
    |
    36
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Frances Bidell 401-864-1308,

    Flagship Real Estate Advisors

    Source: StateWide MLS RI,MLS#: 1415739MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Bathroom
      • Features: Bath w Tub, Bath w Tub & Shower
      Heating
      • Natural Gas, Baseboard
      Cooling
      • None
      Appliances
      • Included: Gas Water Heater, Dishwasher, Oven/Range, Refrigerator
      • Laundry: In Building
      Features
      • Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
      • Flooring: Ceramic Tile, Hardwood, Vinyl
      • Basement: Full,Interior and Exterior,Unfinished
      • Number of fireplaces: 2
      • Fireplace features: Brick, Insert
      Interior area
      • Total structure area: 1,744
      • Total interior livable area: 1,744 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 6
      • Parking features: No Garage
      Accessibility
      • Accessibility features: One Level
      Features
      • Stories: 1
      • Waterfront features: Walk To Water
      Lot
      • Size: 7,453 Square Feet
      Details
      • Foundation area: 1456
      • Parcel number: NEWPM009B0059
      • Zoning: r10

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Dry Wall, Brick, Shingles
      • Foundation: Concrete Perimeter
      Condition
      • New construction: No
      • Year built: 1981

      Utilities & green energy

      • Electric: 100 Amp Service
      • Utilities for property: Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Near Public Transport, Highway Access, Marina, Recreational Facilities, Restaurants, Near Shopping
      HOA
      • Has HOA: No
      Location
      • Region: Newport

      Financial & listing details

      • Price per square foot: $470/sqft
      • Tax assessed value: $608,900
      • Annual tax amount: $5,005
      • Date on market: 6/23/2026
      • Total actual rent: 4500
      • Tenant pays: Heat

        Estimated market value

        $793,200

        $754,000 - $833,000

        $3,428/mo

        Price history

        DateEventPrice
        8/5/2026Price change$820,000-3.4%$470/sqft
        Source: StateWide MLS RI #1415739 Report a problem
        6/23/2026Listed for sale$849,000+651.3%$487/sqft
        Source: StateWide MLS RI #1415739 Report a problem
        2/18/2025Listing removed$2,500$1/sqft
        Source: Zillow Rentals Report a problem
        2/1/2025Listed for rent$2,500$1/sqft
        Source: Zillow Rentals Report a problem
        10/2/2023Listing removed--
        Source: Zillow Rentals Report a problem
        9/29/2023Listed for rent$2,500$1/sqft
        Source: Zillow Rentals Report a problem
        12/27/2022Listing removed--
        Source: Zillow Rentals Report a problem
        12/11/2022Listed for rent$2,500$1/sqft
        Source: Zillow Rentals Report a problem
        2/11/1994Sold$113,000$65/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,291 +5.7%$608,900
        2024$5,005 +25.2%$608,900 +46.4%
        2023$3,998 $416,000
        2022$3,998 +3%$416,000
        2021$3,881 +13.6%$416,000 +25.2%
        2020$3,417 $332,400
        2019$3,417 +2.9%$332,400
        2018$3,321 +9.5%$332,400 +22.8%
        2017$3,033 +2.5%$270,600
        2016$2,958 +2.5%$270,600
        2015$2,887 -1.3%$270,600 +11.5%
        2014$2,926 +6.2%$242,600
        2012$2,756 +10.4%$242,600 -3.5%
        2011$2,496 +3.9%$251,400
        2010$2,403 +0.4%$251,400
        2009$2,393 -29%$251,400 -35.4%
        2008$3,372 +4%$388,900
        2007$3,243 +4%$388,900
        2006$3,119 +24%$388,900 +120.8%
        2005$2,516 +11.2%$176,100
        2002$2,263 $176,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Kerry Hill/Van Zandt

        Getting around

        65 / 100
        Somewhat Walkable
        36 / 100
        Some Transit
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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