$1,400,000

About this home

58 Allston Avenue, Middletown, RI 02842 — A rare, fully licensed and turn key short term rental investment in coveted Easton’s Point. This legal 5 bedroom, 3 bath single family home is a proven income producer, generating approximately $94,000 in annual gross revenue, and is being offered fully furnished with all furniture, fixtures, decorations, linens, kitchenware, and guest amenities included so the new owner can continue STR operations immediately. The “Coastal Charm Beach House” enjoys a prime location in the Easton’s Point neighborhood—just a short walk to Sachuest Beach(2nd Beach), Easton’s Beach (First Beach) and the Newport Cliff Walk, and only about 2–2.5 miles to downtown Newport’s restaurants, shops, and waterfront attractions. This balance of beach access and proximity to downtown makes it especially appealing to summer visitors, event guests, and year round travelers seeking a classic Newport area experience.

Property facts

Property type

Single Family Residence

Style

Raised Ranch

Year built

1979

Living area (sq ft)

2,142

Above-grade finished (sq ft)

1,242

Below-grade finished (sq ft)

900

Lot size (acres)

0.145

Total rooms

8

Stories

2

Garage spaces

1

Total parking

5

Annual taxes

$9,991

Tax year

2025

Neighborhood

Easton's Point

County

Newport

Features

Heating

Oil, Baseboard, Central Air, Forced Air, Forced Water, Zoned

Cooling

Ductless

Basement

Full, Interior Only, Finished, Bathroom, Bedroom(s), Common, Laundry, Storage Space, Utility

Appliances

Dishwasher, Dryer, Range Hood, Microwave, Oven, Range, Refrigerator, Washer, Electric Water Heater, Solar Hot Water

Interior

Wall (Plaster), Plumbing (Copper), Insulation (Ceiling), Insulation (Walls)

Fireplace

Brick

Parking

Integral

Construction

Plaster, Clapboard

Sewer

Assessment to Seller

Water

Assessment Seller, Municipal

Waterfront

Walk to Fresh Water, Walk to Salt Water

Community

Bus, Commuter Bus, Golf, Hospital, Marina, Private School, Public School, Recreational Facilities, Schools, Shopping, Near Swimming, Tennis

Location