28 Weaver Avenue
Newport, RI, 02840 $ 3,100,000
Baths0.0 Sq 5,181 Monthly Estimate*
$ 19,087
Studio for $3,100,000. This 5,181 square foot home was built in 1863.
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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FeaturesGeneralSewer Connected PublicSewer
Cooling CentralAir Ductless OneUnit
Utilities SewerConnected
Possession Negotiable
Security Features FireAlarm FireEscape SecuredGarageParking SmokeDetectors BuildingSecurity FireSprinklerSystem SecurityLights
Construction Materials Frame
Year Built 1863
Electric Amps200OrMore
Property Subtype Commercial
Tax Year 2025
Business Type HotelMotel
Community Features Clubhouse Sidewalks
Building Name The Breakhouse
Business Name 28 Weaver LLC
County Newport
New Construction false
Property Type CommercialSale
Possible Use Residential Recreational
Building Features PublicRestrooms
Status Active
City Newport
Number Of Units Total 2
Lot Size Units SquareFeet
Lot Size Square Feet 5227
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 18869
Virtual Tour https://tour.RiLiving.com/28-Weaver-Avenue-Newport-RI-02840--1406499
Standard Status Active
Tax Assessed Value 1752000
Tax Lot 143
Ownership Type Llc
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InteriorBasement Full
Total Stories 0
Basement (Y/N) true
Air Conditioning Y/N true
Laundry Features LaundryRoom
Total Baths 0
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ExteriorTotal Parking 7
Lot Size Area 5227
Number of Buildings 1
Building Area Total 5181
Road Frontage Type CityStreet
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
gaye.barnett@cbmoves.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $19,087
- Monthly Property Taxes
- $1,572
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Newport, RI
Average List Price $2,604,681
Percent of Sale Price 16%
About Newport, RI 25,085 Population
-5% Since 2002
$ 63,135 Median Income
37.91 Median Age
17% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/2/2026 | $3,100,000 | | Listed Price |