512 Broadway

Newport, RI 02840

$950,000
Price
3
Beds
2
Baths
2,114 Sq. Ft.
$449 / Sq. Ft.
2,114
Sq. Ft.
$449
per Sq. Ft.

Description

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...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.
  1. Listed by Carolyn Morabit • Edge Realty RI
    P: 401-280-0331 carolyn.morabit@edgerealtyri.com
  2. Listed by Alexander Fraioli • Edge Realty RI
    P: 401-255-9109 C: 401-255-9109 fraioli42@gmail.com

Amenities

  • Attic
  • Baseboard Heating
  • Basement
  • Ceramic Floors
  • Detached Parking
  • Dishwasher
  • Disposal
  • Driveway

Location

Listing Courtesy of Edge Realty RI
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LISTING UPDATED: 06/19/2024 11:13 AM

Property Details for 512 Broadway

StatusActive Under Contract
MLS #1359770
Days on Market21
Taxes$4,057 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1925
Lot Size0.12 AC / 5,060 SF
CountyNewport County

Location

Listing Courtesy of Edge Realty RI
Add your commute

Building Information for 512 Broadway

Stories3Residences2Year Built1925Building Size-Lot Size0.12 AC / 5,060 SF

Payment Calculator

$5,523 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,185

Property Taxes

$338

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 512 Broadway

Summary
Location and General Information
  • City: Newport
  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Courts, Sidewalks
  • Postal City: Newport
  • Postal Code: 02840
  • State Or Province: RI
  • Zoning: R10
  • Human Modified Y N: Yes
Parking
  • Attached Garage Y N: No
  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage Y N: Yes
  • Parking Features: Detached, Garage
  • Parking Total: 6
Taxes and HOA Information
  • Tax Annual Amount: $4,057.00
  • Tax Assessed Value: 438400
  • Tax Lot: 300
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 2114.0
  • Building Area Total: 2114.0
  • Living Area Source: Other
  • Lot Size Acres: 0.1162
  • Lot Size Area: 5060.0
  • Lot Size Square Feet: 5060.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Parcel Number: 512BROADWAYNEWP
  • Stories Total: 3
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1925
  • C L I P: 9,238,560,880
Utilities
  • Electric: Item200Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Paved Driveway
Interior Features
  • Appliances: Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood
  • Basement: Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 3
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: Marble
  • Fireplaces Total: 1
  • Fireplace Y N: Yes
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Heating: Baseboard, Hot Water, Oil
  • Heating Y N: Yes
  • Interior Features: Attic, Bathroom Rough In, Permanent Attic Stairs, Tub Shower
  • Rooms Total: 11
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $8,400.00
  • Description: Summer rental
  • Unit Type Area: 1056.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $.00
  • Occupant Type: Owner
  • Unit Type Area: 1057.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 512 Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 512 Broadway

Taxable ValueLand$99,000Additions$310,400Total$409,400
Home Facts
Baths3Total Finished SqFt2,057 SqFtAbove Grade Finished SqFt2,057 SqFtStories2Lot Size5,062 SqFtStyleClubsYear Built1925Year Renovated1987ZoningR10CountyNEWPORTAPNNEWP M:007 B:0300Fireplace TypeHas Fireplace

Schools near 512 Broadway

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Pell Elementary School
PublicPK to 4

Frank E. Thompson Middle School
Public5 to 8

Rogers High School
Public9 to 12

Newport Area Career Tech Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Edge Realty RI

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.