312 Broadway, Newport, RI 02840

$2,850,000

0 beds 0 baths — Built 1966Active

About this home

Centrally Located on Broadway. Currently a 100% occupied and has three commercial retail units & eight residential apartments. The building has (3) one bedrooms, (2) three bedrooms, (2) four bedrooms and (1) studio apartment. Rental rates are under market value. Income & Expense figures are based on monthly income & expenses. Updated commercial fire alarm & sprinkler system. All utilities are separate and paid by the Tenants except the city water & sewer. Twelve Off Street Parking Spaces. Recently replaced siding on east side of building. Ideal for a condo conversion.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment

$20,939/mo

Real estate (PITI + HOA + PMI): $18,632
Utilities: $6,317
Transportation: $129
Other (entertainment): $127

Your monthly budget

Budget$21,439/mo

Remaining after TLC$500/mo

Purchase price

$2,850,000

Down payment

$142,500 (5%)

Loan amount

$2,707,500

APR

Quick facts

Type

Commercial Sale

Style

—

Year built

1966

Lot size

0.24 ac

Stories

Heating

Baseboard, Forced Air, Forced Water, Gas Connected

Cooling

None

Water

Connected, Municipal

HOA

—

Annual tax

$17,317

MLS #

1321953

County

Newport

At a glance

Basement

Home features

Interior

Ceiling Height: 7-9 Ft

Sewer

Connected, Public Sewer

Lot features

Paved, Downtown

Neighborhood — 02840

Metric	This ZIP	County	USA
Population	25,678	1,095,423	299,088,112
Population Change Since1990	-8.00%	9.00%	20.00%
Population Density	3,344	994	—
Male	12,039	529,266	147,432,321
Female	13,562	566,157	151,655,844
Never Married	7,807	266,404	63,775,926
Married	8,167	435,678	123,120,365
Separated	1,473	43,642	12,639,686
Widowed	1,699	66,668	15,467,586
Divorced	2,691	83,843	23,075,029
Number Of House Hold	10,531	410,399	111,826,380
Average House Hold Size	2.27	2.56	2.60
Medial Age	38.52	37.27	35.46
Median House Hold Income	$48,216	$47,553	$48,276
Average House Hold Income	$65,270	$61,609	$63,629
P C I	$28,066	$23,965	$24,529
M D I	$41,065	$40,634	$41,133
A T H E	$52,096	$49,940	$50,898
S T R	7.00%	7.00%	—
W C J	80.40%	78.02%	77.74%

(Zip) Code

2840

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Walk Score

See walkability, transit, and bike scores for 312 Broadway, Newport, RI 02840 on walkscore.com →

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Listing information last refreshed 10/12/2022. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.