28 Thurston Ave, Newport, RI 02840

This large two-family home located within a quiet neighborhood just off Broadway has spacious units that provide an ideal layout for an owner-occupied, income-producing property. Or, it will perform well for an investor looking for a profitable multi-family with low maintenance yearly leases. Both units have private entrances, separate utilities, original hardwood floors, tall ceilings, and updated kitchens fully equipped with modern appliances. The first-floor unit has 2 bedrooms, 1.5 baths, a spacious living room, and a nice kitchen that opens to the dining room and foyer. The second-floor unit provides an open floor plan, 3 bedrooms, 1.5 baths, and a private deck. Unit 2 also has a great opportunity to substantially increase its size and rental income by converting the spacious third-floor walk-up into living space. With the third floor's high ceilings, you could add at least 500 sq ft of legal living space without a dormer or add a large shed dormer and create a stunning "owners unit." The third floor has already been plumbed for a full bath and wired with electricity. It is just waiting to be finished! Other property features include a shared backyard, just installed new oil boiler and hot water tank for unit 1, a new high-efficiency gas heating system for unit 2, separate electrical, and two water meters. The large dry basement offers tenants more than enough room for storage, or, for the owner-occupied buyer, an ideal workshop or home gym.