




440 Broadway, Newport, RI, 02840
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
Schools
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
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Rhode Island Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,447 | $77,364 |
| Home Insurance * | $427 | $5,124 |
| Property Taxes | $743 | $8,916 |
| Electricity | $440 | $5,288 |
| Total | $8,057 | $96,684 |
Income You'd Need if You Spent...
Rhode Island FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-18 | Listed for sale | $1,275,000 |
| 2005-10-27 | Sold | $530,000 |
