440 Broadway Newport

$1,275,000
2 1.5 2,164 sq ft

The Property

Rare mixed-use investment opportunity in the heart of Newport’s thriving Broadway district. Positioned on a highly visible corner lot, 440 Broadway offers a compelling combination of commercial and residential income potential in one of the city’s most desirable and walkable neighborhoods. The property features a fully built-out professional office space on the first floor, currently occupied by a well established dental practice with three exam rooms, laboratory, private office, reception area, waiting room, bathroom, and storage. The dental business is not included in the sale of the real estate and will be sold separately. The second-floor residential unit consists of a bright and spacious two-bedroom, one-bath apartment with hardwood floors, high ceilings, abundant natural light, and a private deck.

The residential component provides additional income potential and strong rental appeal in Newport’s historically supply-constrained housing market. Additional features include a detached two-car garage, two additional off-street parking spaces, private yard, full basement, and walk-up attic offering valuable storage and operational flexibility. The corner-lot location provides excellent visibility, accessibility, and long-term investment appeal. Whether added to an existing portfolio or acquired as a strategic owner-user investment, 440 Broadway presents a unique opportunity to own a versatile mixed-use asset in one of Newport’s most established commercial corridors.

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Listing Details

MLS Number

1415571

Lot Size:

0.11 acres

Features

  • Basement: Full, Interior Only, Unfinished
  • Heating: Oil, Radiant
  • Heating Fuel: Oil, Radiant
  • Garage: 1
  • Corner Lot
  • Year Built: 1935

Market Trends for Single Family Homes
in Newport

  • Overview
    Homes for Sale Today99-91.3% decrease in inventory
    New on Market *5312.8% increase in new listings
    Avg. Asking Price/Sq.Ft. *$883.32$75 increase in List Price/Sq.Ft.
    Avg. Sale Price *$1,458,134$252,830 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.23%-1% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$710.71$23 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *656 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Compass

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