18 Sheffield Ave, Newport RI

Why We Love it

18 SHEFFIELD AVE, NEWPORT, RI 02840

Stunning mixed-use property offering the best of both worlds - a spacious 5-bedroom, 2.5-bathroom residential unit coupled with a generous 2,625 sq ft of commercial space on the first floor. This 5,975 SqFt building is perfect for a live-work scenario or an investment opportunity.

The airy, high-ceiling residential unit showcases exquisite wide oak flooring and ornate architectural details throughout, bathed in abundant natural light. Generously-sized rooms feature spacious closets and elegant built-ins, while the sophisticated dry bar and marble fireplace adds entertainment appeal. Meticulously preserved details blend seamlessly with modern amenities, including in-unit laundry and convenient elevator access. The large dry basement provides additional storage space. Outdoors, a bamboo-lined yard creates a serene, private oasis.

The commercial component on the first floor offers versatile square footage, ideal for a variety of business ventures. With ample parking available, this property truly has it all - the comforts of home combined with profitable commercial potential. Don't miss your chance to make this one-of-a-kind mixed-use gem your next live-work or investment opportunity.

SALE PRICE:

$2,100,000

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SALE PRICE:
$2,100,000

FLOOR:
First Level | 2,625 SqFt Commercial Space
Second & Third Level | 3,350 SqFt Residential
Total above grade living area: 5,975 SqFt

PROPERTY TYPE:
Mixed use property

ABOVE GRADE SQFT:
5,975 SqFt

LOT SIZE:
12,983 SqFt

BEDROOMS:
5 Bedrooms

BATHROOMS:
1.5 Bathrooms in Commercial Unit
2.5 Bathrooms in Residential Unit

ELECTRIC:
Two 200 amp

SEWER:
Publicly connected

WATER:
Separately metered

TAXES:
$13,389.50/ year per 2024 tax rate

PARKING:
12-13 off street parking spaces

HEAT/AIR:
Two Oil tanks, forced hot water
Full house gas generator : 2013

FIREPLACE:
Third floor marble fireplace, inspected in 2023

ZONING:
R-10

PLAT/LOT:
10 / 185

YEAR BUILT:
Residential Unit Built in 2003 | Commercial unit Built in 1948

ROOF:
2021