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Coldwell Banker Realty
247 West Main Road 249, Middletown, RI 02842
- $1,150,000
- 5
- BD
- 4
- BA
- Sold Price
- $1,150,000
- List Price
- $1,249,000
- Status
- CLOSED
- MLS#
- 1418571
- Closing Date
- Oct 08, 2026
- Year Built
- 1945
- Levels
- One
- Style
- Side By Side
- Bedrooms
- 5
- Bathrooms
- 4
- Acres
- 0.44
- Subdivision
- Two Mile Corner
Property 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.
Additional Information
- Taxes
- $10,178
- Lot Size
- 19,167
- Interior Features
- Attic, Stall Shower, Tub Shower, Cable TV
- Flooring
- Carpet, Ceramic Tile, Hardwood, Marble, Vinyl
- Heating
- Hot Water, Oil
- Cooling System Type
- None
- Sewer
- Connected, Public Sewer
- Water Source
- Connected, Public
- Appliances
- Dishwasher, Electric Water Heater, Oven, Oil Water Heater, Range, Refrigerator, Washer
- Fireplaces
- 2
- Basement
- Full, Interior Entry, Unfinished
- Exterior Features
- Deck, Paved Driveway
- Garage Spaces
- 2
- Parking Spaces
- 14
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Listing courtesy of William Raveis Inspire. Contact:
Selling Office: William Raveis Inspire.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2026 State-Wide Multiple Listing Service. All rights reserved. Data Last Updated: