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.
Sold for $905,000
$905,000
512 Broadway, Newport, RI 02840
3beds
2,113sqft
Multi Family
Built in 1925
-- sqft lot
$1,029,400 Zestimate®
$428/sqft
$3,133 Estimated rent
Home value
$1,029,400
$968,000 - $1.11M
$3,133/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Carolyn Morabit 401-280-0331,
Edge Realty RI,
Alexander Fraioli 401-255-9109,
Edge Realty RI
Bought with:
Chris Farley, REB.0018255
Century 21 Topsail Realty
Source: StateWide MLS RI,MLS#: 1359770
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Features: Bath w Shower Stall, Bath w Tub & Shower
Heating
- Oil, Baseboard, Forced Water
Cooling
- None
Appliances
- Included: Dishwasher, Exhaust Fan, Disposal, Range Hood, Microwave, Oven/Range, Refrigerator
Features
- Rough Bath, Plumbing (Mixed), Ceiling Fan(s)
- Flooring: Ceramic Tile, Hardwood, Laminate
- Basement: Full,Interior Entry,Unfinished
- Attic: Attic Stairs, Attic Storage
- Number of fireplaces: 1
- Fireplace features: Marble
Interior area
- Total structure area: 2,114
- Total interior livable area: 2,113 sqft
Property
Parking
- Total spaces: 6
- Parking features: Detached, Driveway
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 5,061 sqft
- Features: Sidewalks
Details
- Parcel number: NEWPM007B0300
- Zoning: R10
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Electric: 200+ Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Highway Access, Hospital, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Newport
HOA & financial
Other financial information
- Total actual rent: 8400
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2024 | Sold | $905,000-4.7%$428/sqft |
Source:  StateWide MLS RI #1359770 Report a problem | ||
| 6/19/2024 | Contingent | $950,000$450/sqft |
Source: StateWide MLS RI #1359770 Report a problem | ||
| 5/30/2024 | Listed for sale | $950,000+52%$450/sqft |
Source: StateWide MLS RI #1359770 Report a problem | ||
| 7/28/2023 | Sold | $625,000-10.6%$296/sqft |
Source: StateWide MLS RI #1337982 Report a problem | ||
| 7/20/2023 | Pending sale | $699,000$331/sqft |
Source: StateWide MLS RI #1337982 Report a problem | ||
| 7/6/2023 | Contingent | $699,000$331/sqft |
Source: StateWide MLS RI #1337982 Report a problem | ||
| 6/22/2023 | Listed for sale | $699,000$331/sqft |
Source: StateWide MLS RI #1337982 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,244 +37.2% | $869,600 +57% |
| 2024 | $4,552 | $553,800 +35.3% |
| 2023 | -- | $409,400 |
| 2022 | -- | $409,400 |
| 2021 | -- | $409,400 +11.9% |
| 2020 | -- | $365,800 |
| 2019 | -- | $365,800 |
| 2018 | -- | $365,800 +23.3% |
| 2017 | -- | $296,600 |
| 2016 | -- | $296,600 |
| 2015 | -- | $296,600 |
Find assessor info on the county website
Neighborhood: Broadway
Nearby schools
GreatSchools rating
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 0.3 mi
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 1 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 2.7 mi
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Estimated market value
$1,029,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,029,400
- Rhode Island
- Newport County
- Newport
- 02840
- Broadway
- 512 Broadway
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