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Renovated Two-Unit Duplex
For Sale
$1,299,999

7 Sheffield Avenue, Newport, RI 02840

Residential Income, Newport, RI

Property Size2,079 SF
Lot Size0.11 Acres
Price / SF$625.30
Days on Market95

Property Features for 7 Sheffield Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R10
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Basement
Parking 4
Parking features None
Window features Insulated Windows
Patio and Porch features Patio, Porch, Deck
Interior features Wall (Cermaic), Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Walls)
Exterior features Balcony, Deck, Patio, Porch
Basement Unfinished, Storage Space, Full
Appliances Gas Water Heater, Tankless Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
Subdivision North End
Standard status Active
Size 2,079 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3914

Utilities

Sewer type Public Sewer
Heating system Forced Air, Electric (Heating), Baseboard, Heat Pump (Heating), Natural Gas
Cooling system Ductless, Central Air
Water source Public

Amenities

air conditioning
in-unit laundry

Building Details

Year built 1850
Floors in Building 3
Number of units 2
Flooring type Tile - Ceramic, Hardwood
Building materials Ceramic, Dry Wall, Plaster, Clapboard
Listing Agency: Lila Delman Compass
Listed By: Newport Living Group
Added: May 26 Changed: Aug 20 Last Checked: Aug 28 at 9:06PM
MLS# 1413550

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This renovated two-unit duplex contains 2,079 square feet on a 0.113-acre lot. The upper residence is a two-bedroom, two-bathroom duplex with two decks, bridge views, and a primary suite on the upper level. The first-floor residence includes one bedroom, one bathroom, and a flexible office. Each unit has its own outdoor area and in-unit laundry, while separate heat and air-conditioning systems and water meters support independent occupancy.

Interior improvements include sawn-face white oak and hickory flooring, along with ceramic tile and other durable finishes. A full basement provides storage and exterior access. The property is served by public water and public sewer and is zoned R10. Existing leases run through December 31, 2026. The home is located near Newport amenities and the Navy base.

Key Highlights

  • 2,079‑square‑foot duplex on a 0.113‑acre lot
  • Upper unit offers 2 bedrooms, 2 bathrooms, two decks, and bridge views
  • First‑floor unit includes 1 bedroom, 1 bathroom, and an office

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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Updated multifamily home with separate utilities, private outdoor areas, and a full basement.
Where is this duplex located?
The property is located at 7 Sheffield Avenue 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 duplex on a 0.113‑acre lot; Upper unit offers 2 bedrooms, 2 bathrooms, two decks, and bridge views; First‑floor unit includes 1 bedroom, 1 bathroom, and an office
More about this property
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