27 Elm St Newport, RI 02840

A unique opportunity in one of Newport's most historic and desirable neighborhoods! Located on The Point, this substantial multi-family property offers an extraordinary combination of space, land, and potential. Spanning three floors with nearly 3,000 square feet of living space, the property features two legal units, totaling 8 bedrooms and 3 full bathrooms, with one full bathroom on each floor. The existing layout also offers the potential to be easily converted into an impressive single-family residence, providing flexibility for a variety of uses and visions. The oversized lot, measuring over 7,500 square feet, is an exceptional find for the area and provides possibilities rarely found in this location. Additional highlights include a four-bay garage and an expansive driveway with parking for approximately eight vehicles. Just blocks from downtown Newport, the Newport Shipyard, harbor, shops, and restaurants, with easy access to the Newport Bridge, the location offers convenience to everything Newport has to offer. This property is in need of a complete renovation and is ready for its next chapter. Whether you're an investor, contractor, or buyer with a vision, this is a rare opportunity to reimagine a property in one of Newport's most sought-after neighborhoods. Bring your ideas and unlock the full potential of this exceptional property.