CCertihomes
512 Broadway, Newport, RI 02840

$950,000

3 beds 2 baths Built 1925Active

About this home

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.

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
$6,990/mo

Real estate (PITI + HOA + PMI)
$6,046
Principal + interest$4,309
Property tax + insurance$1,381
PMI / 2nd mortgage$356
Utilities
$2,165
Heating + cooling$936
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$6,990/mo TLC
Budget$7,490/mo
Remaining after TLC$500/mo
Purchase price
$950,000
Down payment
$47,500 (5%)
Loan amount
$902,500
APR
4%

Quick facts

Type
Rental
Style
Year built
1925
Lot size
0.1162 ac
Stories
3
Heating
Oil, Baseboard, Forced Water
Cooling
None
Water
Connected
HOA
Annual tax
$4,057
MLS #
1359770
County
Newport

At a glance

Fireplace
Basement
Garage (1)
Dishwasher

Home features

Appliances
DishwasherExhaust FanDisposalRange HoodMicrowaveOven/RangeRefrigerator
Interior
AtticAttic StairsAttic StorageRough BathPlumbing: Mixed
Parking
Detached
Fireplace
Marble
Flooring
Ceramic Tile, Hardwood, Laminate
Sewer
Connected

Lot features

Paved Driveway, Sidewalks

Neighborhood — 02840

MetricThis ZIPCountyUSA
Population25,6781,095,423299,088,112
Population Change Since1990-8.00%9.00%20.00%
Population Density3,344994
Male12,039529,266147,432,321
Female13,562566,157151,655,844
Never Married7,807266,40463,775,926
Married8,167435,678123,120,365
Separated1,47343,64212,639,686
Widowed1,69966,66815,467,586
Divorced2,69183,84323,075,029
Number Of House Hold10,531410,399111,826,380
Average House Hold Size2.272.562.60
Medial Age38.5237.2735.46
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 R7.00%7.00%
W C J80.40%78.02%77.74%
(Zip) Code
2840

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

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 5/30/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.

512 Broadway · Newport — $950,000 · Certihomes