Description
Welcome to an exceptional Newport investment opportunity. This beautifully updated property features 12+ rooms, including 6 bedrooms and 8.5 baths, and holds the valuable City of Newport Transient Guest Facility Certificate. Each guest room includes its own private full bath, offering an ideal setup for high-quality guest stays. Recent upgrades include a full fire sprinkler and alarm system, new water/sewer and dedicated sprinkler lines, updated HVAC/mini-splits, new roof and decks, interior painting, many replaced windows, new flooring, and more-truly a turnkey offering. Located in a prime walkable area, guests enjoy easy access to Bellevue Avenue, the Cliff Walk, the Tennis Hall of Fame, Thames Street dining and shops, beaches, historic mansions, and top attractions. The property has a strong history of unique bookings, including movie crews, wedding parties, family reunions, tennis enthusiasts, and NYC getaway groups. With 7 off-street parking spaces, the possibilities for continued revenue growth are endless. Newport attracts over 3.5 million visitors annually and is one of the East Coast's top wedding destinations. Its proximity to NYC, Boston, and Providence Airport ensures convenient year-round travel. With its active Newport license, this property can welcome daily guests throughout the year. Detailed financials available upon request. Showings coordinated with the listing agent.
Details
| MLS # | 1406495 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1863 |
| Days On Site | 205 |
| Listing Provided By | Coldwell Banker Realty | Gaye Barnett |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 9 Total |
| SQ Feet | 5,331 |
| Basement | Y |
| Story(s) | 3 |
| Zoning | R10 |
| Acreage | 0.12 |
| Water Front | Yes |
Interior
| Rooms Total | 11 |
|---|---|
| Heating | Natural Gas, Baseboard |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Water Heater, Dishwasher, Dryer, Exhaust Fan, Range Hood, Microwave, Oven/Range, Refrigerator, Washer |
| Interior Features | Wall (Plaster), Stairs, Insulation (Unknown) |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 1 |
| Fireplace Features | Brick |
Exterior
| Foundation Details | Mixed |
|---|---|
| Lot Features | Fenced, Paved Driveway, Paved, Sprinklers, Underground Utilities |
| Construction Materials | Plaster, Vinyl Siding |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | No Garage |
Utilities
| Sewer | Public |
|---|---|
| Electric | 200 Amps |
Taxes
| Tax Annual Amount | 18869 |
|---|---|
| Tax Assessed Value | 1752000 |
| Tax Lot | 143 |
| Tax Year | 2025 |
Area Information
| State | RI |
|---|---|
| County | Newport |
| City | Newport |
| Zip Code | 02840 |
| Area | Newport |
| Listing VS Median (in 02840) | |
Price: $2,900,000 low | high Med: $4,250 sqft: 5,331 low | high Med: 1,724 $ / sqft: $544 low | high Med: $2 On site: 205 low | high Med: 33 | |
Market Activity 02840
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Learn More About This Property
| State | RI |
|---|---|
| County | Newport |
| City | Newport |
| Zip Code | 02840 |
| Area | Newport |
| Listing VS Median (in 02840) | |
Price: $2,900,000 low | high Med: $4,250 sqft: 5,331 low | high Med: 1,724 $ / sqft: $544 low | high Med: $2 On site: 205 low | high Med: 33 | |
 | $2,900,00028 Weaver AvenueNewport, RI 02840 |