22 Gilroy Street 24, Newport, RI 02840

Property Description

A wonderful opportunity in Newport's highly desirable Fifth Ward neighborhood! The property needs updating throughout but will be worth it for the savvy buyer. Situated on a quiet corner lot just moments from Thames Street's restaurants, shops, and Newport Harbor, this legal two-family, side by side duplex offers exceptional versatility in a sought-after coastal setting. Featuring 1,811 square feet of living space on a generous 5,880-square-foot lot, the property consists of a three-bedroom, 1.5-bath unit and a two-bedroom, one-bath unit. Each residence enjoys its own enclosed entry porch, private rear entrance, and access to a private full basement with laundry facilities. Separate heating, electric, and water systems provide added convenience and independence for each unit. Whether you're looking to occupy one unit while generating rental income from the other, accommodate extended family, enjoy a Newport getaway, or explore the possibility of converting the property into a spacious single-family residence, the possibilities are numerous. A particularly appealing feature is the two-car garage, complemented by two additional off-street parking spaces a valuable amenity in Newport. Enjoy the convenience of nearby parks, the waterfront, historic Ocean Drive, and Fort Adams, all while appreciating the charm of an established residential neighborhood. Combining location, flexibility, and investment potential, it presents an opportunity to enjoy the best of Newport living.