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Renovated Duplex with Bridge Views
For Sale
$1,299,999

7 Sheffield Ave, Newport, RI 02840

Two units offer separate utilities, outdoor areas, in-unit laundry, and off-street parking for four vehicles.

Property Size2,079 SF
Price / SF$625.30
Days on Market96

Property Features for 7 Sheffield Ave

General Information

Standard status Active
Size 2,079 SF
Total Parking Spaces 4
Property subtype Residential Income

Units

Unit Mix 1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,913

Amenities

air conditioning
in-unit laundry
basement
decks
Listing Agency: Lila Delman Compass
Listed By: Newport Living Group
Source: Exprealty
Added: May 26 Changed: Aug 26 Last Checked: Aug 26 at 12:51PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lila Delman Compass

Investment Insights

Based on property information with market context.

This renovated duplex contains 2,079 square feet across two separately configured residences. The upper unit includes two bedrooms, two bathrooms, two decks, and an upper-level primary suite with bridge views. The first-floor unit provides one bedroom, one bathroom, and an office area overlooking the backyard. Both residences feature air conditioning, separate heat and AC systems, in-unit laundry, and individual outdoor space. Interior finishes include sawn-face white oak and hickory flooring, while a full basement adds storage with direct exterior access.

The property includes an oversized yard and newly added off-street parking for four vehicles. Separate water meters serve each unit. Located at 7 Sheffield Ave in Newport, the duplex is near the Navy base and the city's active waterfront-oriented scene. Existing leases run through December 31, 2026.

Key Highlights

  • 2,079‑square‑foot renovated duplex with two separate residential units
  • Upper unit offers 2 bedrooms, 2 bathrooms, 2 decks, and bridge views
  • First‑floor unit includes 1 bedroom, 1 bathroom, and an office area

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Daycare Center Locksmith Nail Salon Veterinary Clinic Computer & Electronic Repair Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,055
Businesses Nearby

Demographics for 02840, RI

23,902
Population
13,515
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
3,274
Density / Sq Mi
$83,515
Median Household Income
$41,228
Median Earnings
$1,610
Median Rent
$669,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two units offer separate utilities, outdoor areas, in-unit laundry, and off-street parking for four vehicles.
Where is this duplex located?
The property is located at 7 Sheffield Ave Newport, RI.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: 2,079‑square‑foot renovated duplex with two separate residential units; Upper unit offers 2 bedrooms, 2 bathrooms, 2 decks, and bridge views; First‑floor unit includes 1 bedroom, 1 bathroom, and an office area
More about this property
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