18 Sheffield Avenue, Newport, RI 02840

$2,100,000 Asking Price

5 beds
5 baths
5,975  sqft
Built in 1948

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.

Features & Amenities

Interior

General:
Attic,Wet Bar,Bathtub,Stall Shower,Elevator
Appliances:
Dryer,Dishwasher,Gas Water Heater,Oven,Range,Refrigerator,Washer
Basement:
Exterior Entry,Interior Entry,Partial,Unfinished
Flooring:
Hardwood
A/C:
true, Central Air
Heating:
true, Hot Water,Oil
Fireplace:
Marble, Fireplace, Fireplaces: 1
Disability Feature:
Accessible Elevator Installed

Exterior

Style:
Contemporary
Parking:
No Garage, Parking spaces: 12

Construction

General:
Drywall,Wood Siding,Shingle Siding, 3, Block,Concrete Perimeter

Location

Originating MLS:
RIS
County:
Newport

Lot

Zoning:
R-10, 18SHEFFIELDAVNEWP

Utilities

Utilities:
Sewer Connected, 200+ Amp Service
Water:
Connected
Sewer:
Connected

Financial

Source:
RIS

This listing courtesy of:
Kirby & Kirby

About Newport, RI

Housing

Number of Units
13,398
Median Home Value
$529,518
Median Rent
$1,100

54.39% of housing units are renter occupied.

18.99% are vacant.

Commute

Car
53.91%
Public Transportation
1.82%
Walk to Work
7.38%
Work from Home
34.31%
Other
1.34%

The median travel time to work is 14 minutes.

People

Population
24,574
Median Age
38.80
Median Household Size
2.34

Education

High School
18.91%
Associate’s Degree
4.92%
Bachelor’s Degree
31.26%
Graduate Degree
22.40%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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