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The BreakHouse Newport 28 Weaver Ave 12 Room Bed and Breakfast Newport, RI 02840 $3,100,000 ($258,333/Room)
INVESTMENT HIGHLIGHTS
- Walk to Downtown
- Each Room has Their Own Bathroom
- Off Street Parking
- Walk to Grocery Stores
EXECUTIVE SUMMARY
This turnkey 7-bedroom 5 car parking lot Airbnb (with a transient license) in the heart of Newport, RI, is a rare investment opportunity offering both immediate cash flow and long-term asset appreciation. Designed to accommodate up to 16 guests, the property consistently attracts high occupancy from vacationers, wedding parties, and seasonal events. Included in the sale is the building itself—giving buyers full ownership of a high-performing short-term rental in one of New England’s premier coastal destinations. Whether you're looking to expand your portfolio or enter the hospitality market, this property delivers strong returns and prime location value.
In addition to its proven success as a short-term rental, this versatile property also offers the flexibility to be converted into long-term rentals or used as a spacious private residence. Whether you're an investor seeking multiple income strategies or a buyer looking for a stunning new home in a prime Newport location, this property adapts to your goals while offering exceptional value and potential.
In addition to its proven success as a short-term rental, this versatile property also offers the flexibility to be converted into long-term rentals or used as a spacious private residence. Whether you're an investor seeking multiple income strategies or a buyer looking for a stunning new home in a prime Newport location, this property adapts to your goals while offering exceptional value and potential.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$275,000
|
$53.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$275,000
|
$53.08
|
| Taxes |
$19,000
|
$3.67
|
| Operating Expenses |
$30,000
|
$5.79
|
| Total Expenses |
$49,000
|
$9.46
|
| Net Operating Income |
$226,000
|
$43.62
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $275,000 |
| Annual Per SF | $53.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $275,000 |
| Annual Per SF | $53.08 |
| Taxes | |
|---|---|
| Annual | $19,000 |
| Annual Per SF | $3.67 |
| Operating Expenses | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $5.79 |
| Total Expenses | |
|---|---|
| Annual | $49,000 |
| Annual Per SF | $9.46 |
| Net Operating Income | |
|---|---|
| Annual | $226,000 |
| Annual Per SF | $43.62 |
PROPERTY FACTS
| Price | $3,100,000 | Building Size | 5,181 SF |
| Price Per Room | $258,333 | No. Rooms | 12 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1863/1982 |
| Property Subtype | Bed and Breakfast | Parking Ratio | 0.97/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.12 AC | ||
| Zoning | R-10 - Property in R-10 District, non-conforming lot. Use of property is that of guesthouse, permitted by special use permit, with 6 licensed guest rooms. | ||
| Price | $3,100,000 |
| Price Per Room | $258,333 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,181 SF |
| No. Rooms | 12 |
| No. Stories | 3 |
| Year Built/Renovated | 1863/1982 |
| Parking Ratio | 0.97/1,000 SF |
| Corridor | Interior |
| Zoning | R-10 - Property in R-10 District, non-conforming lot. Use of property is that of guesthouse, permitted by special use permit, with 6 licensed guest rooms. |
AMENITIES
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 8 | $150.00 | - |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | NEWP-000034-000000-000143 | Total Assessment | $1,752,000 (2025) |
| Land Assessment | $433,300 (2025) | Annual Taxes | $19,000 ($3.67/SF) |
| Improvements Assessment | $1,318,700 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
NEWP-000034-000000-000143
Land Assessment
$433,300 (2025)
Improvements Assessment
$1,318,700 (2025)
Total Assessment
$1,752,000 (2025)
Annual Taxes
$19,000 ($3.67/SF)
Tax Year
2024
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Presented by
Crew Investments LLC
The BreakHouse Newport | 28 Weaver Ave
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