Perfectly positioned just steps from Thames Street, 17 Dearborn offers an exceptional opportunity to own in the heart of Newport's coveted Yachting Village. Moments from renowned restaurants, boutique shopping, the harbor, and the city's vibrant cultural scene, this property embodies the very best of downtown living. Recently renovated, this two-family residence offers both immediate appeal and remarkable versatility. Ideal as an investment property, an elegant in-town retreat, or a future single-family residence, the home presents a rare combination of flexibility and enduring value. The first-floor residence features two bedrooms and one full bath, while the upper townhouse-style residence spans two levels, offering generous living space with the potential to expand by dormering the third level. Each unit is independently metered and includes its own private laundry. A rare luxury in downtown Newport, the property boasts an expansive, private backyard-an inviting setting for outdoor entertaining. Parking for scooters and golf carts adds to the home's exceptional convenience, making it easy to enjoy Newport's celebrated waterfront lifestyle. Offering an unrivaled location, thoughtful renovations, and exceptional future potential, 17 Dearborn represents a truly rare opportunity in one of Newport's most desirable and enduring neighborhoods. Please note select photos have been virtually staged. All kitchen appliances to be installed within 2 weeks.