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512 Broadway Newport

$950,000
3 2 2,114 sq ft

The Property

Completely renovated two unit multifamily less than a mile from all that Newport has to offer. Right on Broadway with easy access to beaches, restaurants and nightlife without all the noise of the downtown area. Refinished original 1925 picture frame hardwood floors and Victorian accents throughout. Unit 1 offers 1-2 bedrooms (one is currently being used as an office), a beautiful updated bathroom, functioning original fireplace, and an additional 1033 sf of unfinished basement space that has framing for 2 potential additional rooms as well as rough plumbing for an additional bathroom.

Unit 2 offers 2 spacious bedrooms, a brand new bathroom and kitchen, and an additional 882 sf of unfinished attic space for a potential master suite. Property also includes a detached 2 car garage with rough framing, plumbing and electric, a driveway for 5-6 cars, and a 3 floor commercial grade sprinkler and fire alarm system. Can easily be converted back to a single family. This luxury multifamily is a fantastic opportunity for a beautiful move-in ready property with endless potential.

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Listing Details

MLS Number

1359770

Lot Size:

0.12 acres

Features

  • Basement: Full
  • Vinyl Siding
  • Fireplace: Marble
  • Heating: Baseboard, Forced Water
  • Heating Fuel: Oil
  • Garage: Detached
  • Paved Driveway
  • Sidewalks
  • Type: Up/Down
  • Year Built: 1925

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Market Trends for Multi Family Homes
in Newport

  • Overview
    Homes for Sale Today10-95.4% decrease in inventory
    New on Market *1-85.7% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$510.09$65 increase in List Price/Sq.Ft.
    Avg. Sale Price *$785,000$565,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *104.81%2.7% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$596.50$180 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *4829 increase 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?

    Contact Us

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

Listed by Edge Realty RI

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