440 Broadway Newport

$1,175,000
2 1.5 2,164 sq ft

The Property

Rare mixed-use opportunity in the heart of Newport’s vibrant Broadway district. Prominently positioned on a highly visible corner lot, 440 Broadway offers a versatile combination of commercial and residential space in one of the city’s most desirable and walkable neighborhoods. The first-floor professional office space will be available this fall, offering an ideal opportunity for a business owner to establish a presence in this thriving commercial corridor while benefiting from residential income above. The second-floor unit features two bedrooms and one bath with hardwood floors, high ceilings, abundant natural light, and a private deck.

Additional features include a detached two-car garage, two additional off-street parking spaces, private yard, full basement, and walk-up attic. Ideal for an investor, business owner, or owner-occupant, the property also offers potential for conversion back to a single-family residence, subject to applicable approvals. A unique and flexible opportunity in the heart of Newport. Whether added to an existing portfolio or acquired as a strategic owner-user investment, 440 Broadway presents an incredible 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

1423457

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 Today126-89.8% decrease in inventory
    New on Market *6251.2% increase in new listings
    Avg. Asking Price/Sq.Ft. *$718.01$54 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,487,300$418,414 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *99.38%5.1% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$834.49$80 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *6273 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
Email:
Phone: 401-274-1644

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