7 Dearborn St Newport, RI 02840

Imagine yourself on the rooftop deck on the 4th of July enjoying a spectacular panoramic display of fireworks! Great opportunity to own water view property in the heart of the Yachting Village. Situated at the bottom of Dearborn Street this property has a large back yard and water views from each floor with sweeping harbor vistas and bridge backdrops from the spacious third floor deck. The property is currently set up as a 4-unit multi-family dwelling with a 3-bedroom 2-bath unit composing the entire first floor. The second floor is comprised of a 2-bedroom 1-bath unit with open concept between the kitchen and living areas and then a 1-bedroom 1-bath unit that does have a full kitchen with a combined living/sleeping area. The third floor is a 2-bedroom 1-bath, loft style unit with direct access to a sizeable deck. The space is bright & airy and quite inviting & cozy at the same time. Shared laundry is located on the first floor. An impressive full stone foundation can be accessed down the west facing side alleyway. Gas heat is a plus. Potential to add off-street parking. A local well-known architect has drawn up three options to transform this impressive property: update the existing units, convert to three one-level units or a single-family conversion. Don't judge a book by its cover! Don't miss this opportunity to own a prime piece of downtown real estate and make it your own! Property being SOLD AS IS. Architectural drawings can be provided upon request.