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440 Broadway, Newport, RI, 02840

2beds
2baths
2,164sqft
$1,275,000
$589price/sqft
$8,057/moest. monthly cost
$322,280/yrincome needed

About This Home

Rare mixed-use investment opportunity in the heart of Newport's thriving Broadway district. Positioned on a highly visible corner lot, 440 Broadway offers a compelling combination of commercial and residential income potential in one of the city's most desirable and walkable neighborhoods. The property features a fully built-out professional office space on the first floor, currently occupied by a well established dental practice with three exam rooms, laboratory, private office, reception area, waiting room, bathroom, and storage. The dental business is not included in the sale of the real estate and will be sold separately. The second-floor residential unit consists of a bright and spacious two-bedroom, one-bath apartment with hardwood floors, high ceilings, abundant natural light, and a private deck. The residential component provides additional income potential and strong rental appeal in Newport's historically supply-constrained housing market. Additional features include a detached two-car garage, two additional off-street parking spaces, private yard, full basement, and walk-up attic offering valuable storage and operational flexibility. The corner-lot location provides excellent visibility, accessibility, and long-term investment appeal. Whether added to an existing portfolio or acquired as a strategic owner-user investment, 440 Broadway presents a unique opportunity to own a versatile mixed-use asset in one of Newport's most established commercial corridors.

Getting Around

73
WalkingVery Walkable
35
TransitSome Transit
61
BikeBikeable

Schools

4/10
Pell Elementary SchoolGrades PK-40.5 mi
4/10
Rogers High SchoolGrades 9-122.4 mi

Construction

Condition

  • Year built: 1935

Materials

  • Construction materials: Clapboard

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Interior Entry,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Stairs
  • Flooring: Hardwood,Carpet
  • Fireplace features: None
  • Attic: Attic Stairs, Attic Storage

Heating & Cooling

  • Heating features: Oil,Radiant
  • Cooling features: None

Interior Area

  • Total structure area: 2,164
  • Total interior livable area: 2,164 sqft

Property

Details

  • Parcel number: NEWPM007B0438
  • Attached to another structure: Yes
  • Zoning: R10

Features

  • Stories: 2

Lot

  • Lot size: 5,009 sqft
  • Features: Corner Lot

Parking

  • Total spaces: 4
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Strong Wind
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,447$77,364
Home Insurance *$427$5,124
Property Taxes $743$8,916
Electricity $440$5,288
Total$8,057$96,684
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$276,240/yr
40% on housing$241,710/yr
45% on housing$214,853/yr

Rhode Island FAIR Plan Programs

Rhode Island Joint Reinsurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 16,029Commercial: 109
Total Premiums$36.73M
Total Exposure$6.14B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -1.7%
-1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$589This listing

vs Other Active Listings

Avg $/sqft

ZIP 02840$743
Newport County$547

vs Homes Sold Last Month

Median $/sqft

ZIP 02840$651
Newport County$380

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-18Listed for sale$1,275,000
2005-10-27Sold$530,000

For Sale by Agent

AgentStefanie Carr
BrokerageCompass

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