Thoughtfully updated multi-family with mansard roof line located in the heart of Newport, RI. This house is perfectly primed for an owner-occupied property with rental income or a future single-family conversion. Nestled close to the beaches and lower Thames, this neighborhood offers an ideal blend of relaxation and convenience. Sited on a 7,000 square foot lot, the entire home spans 2,000 square feet of living space totaling four bedrooms and two bathrooms. The east facing windows flood the home with natural light. Though each unit is clearly defined to function independently as up/down apartments, with separate entrances, the staircase to the upstairs is on an outside wall making it easy to convert back to a four-bedroom single family home with the addition of a simple internal doorway or opening. Currently, the first-floor owner's unit features two bedrooms, a newly renovated kitchen with modern appliances including a dishwasher and electric oven/range, and a dedicated laundry/mud room complete with washer and dryer and back entrance. Refinished hardwood floors and fresh paint throughout enhances the space. The second-floor unit, occupied by a tenant on a one-year lease, boasts tons of storage, a refreshed bathroom, and a mix of carpet and ceramic flooring. A new driveway provides four off-street parking spaces, patio, and storage shed. This property is not just a home; it is an opportunity.