28 Weaver Avenue Newport

$3,100,000
5,181 sq ft

The Property

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.

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Listing Details

MLS Number

1406499

Lot Size:

0.12 acres

Features

  • Basement: Full
  • Laundry Room
  • Restrooms
  • Security
  • Security Lights
  • Sprinklers
  • Recreation Room
  • Downtown
  • Shopping Mall
  • Year Built: 1863

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Market Trends for Commercial Properties
in Newport

  • Overview
    Homes for Sale Today13-88.1% decrease in inventory
    New on Market *5150% increase in new listings
    Avg. Asking Price/Sq.Ft. *$372.44$283 increase in List Price/Sq.Ft.
    Avg. Sale Price *$2,000,000$2,000,000 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.00%100% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$175.78$176 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *-11 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?

    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 Coldwell Banker Realty

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