7.9 Dearborn St, Newport, RI 02840

Rare 4-5 unit multi-family in the heart of Newport's famed Yachting Village! With rental rates currently FAR under market value, there is plenty of 'meat on the bone' here for any savvy investor. Zoned for 5 separate units, but currently rented as 4, the necessaries have all been tended to: roof, boiler, hot water heaters and more. The first floor comprises the largest unit, a three bed (plus office) apartment with 2 full baths and direct access to the back yard. The second floor is divided into two lucrative apartments: a one bed one bath, and a two bed one bath. The top floor houses the marquis unit, which boasts an open floor-plan and a roof-deck with sweeping views of Newport Harbor! Truly a diamond in the rough for anyone looking to maximize income potential.