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$2,900,000 -$200,000 (-6.45%) Price Reduced

  • For Sale
  • Active
  • Commercial Residential Facility
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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.

Full Property Details for 28 Weaver Ave

General

  • Price: $2,900,000
  • Taxes: $18,869 (2025)
  • Status: Active
  • Type: Commercial Residential Facility
  • Source: STWMLS
  • MLS ID: 1406499
  • Updated: 7/1/2026
  • Added to Site: 105 day(s) ago

Business

  • Name: 28 Weaver LLC
  • Business Type: Hotel/Motel

Rooms

Other Rooms

  • Laundry: Laundry Room

Additional Information

  • Shared Amenities: Recreation Room
  • Security/Safety: Fire Alarm, Fire Escape, Secured Garage/Parking, Smoke Detector(s), Building Security, Fire Sprinkler System, Security Lights

Parking

  • Total Spaces: 7

Location

  • County: Newport
  • Building Name: The Breakhouse

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air Conditioning, Ductless, 1 Unit

Utilities

  • Sewer: Connected, Public Sewer
  • Utility Description: Sewer Connected

Structural Information

  • # Buildings: 1
  • Detached/Attached: Attached
  • Construction: Frame
  • Basement: Yes
  • Basement Desc.: Full
  • Stories/Levels: 0
  • Building Size: 5181
  • Finished Total: 5,181 Sq. Ft.
  • Finished Above Grnd: 5,181 Sq. Ft.
  • Year Built: 1863
  • Other Struct. Feat.: Public Restrooms

Lot Features

  • Lot Size (Sq. Ft.): 5,227
  • Lot Size: 5227
  • Frontage: City Street
  • Sidewalks: Yes
  • Potential Use: Residential, Recreational

Financial Considerations

  • Tax Amount: $18,869
  • Tax Year: 2025
  • Owner Pays: Air Conditioning, Electricity, Exterior Maintenance, Gas, Grounds Care, Heat, Hot Water, Insurance, Management, Repairs

Disclosures and Reports

  • Property ID: 28WEAVERAVNEWP
  • Lot Number: 143
Buyer's Brokerage Compensation: Contact Listing Agent
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— 28 Weaver Ave —

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 28 Weaver Ave

School District:Newport School District, Newport, RI
NameGradesDistance
Frank E. Thompson Middle School
55 Broadway, Newport, RI 02840
5-80.8 mi
Pell Elementary School
35 Dexter Street, Newport, RI 02840
PK-41.9 mi
Rogers High School
15 Wickham Road, Newport, RI 02840
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 28 Weaver Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/01/2026
Price Reduced
$2,900,000
-6.45%
MLS
3/19/2026
Listed
$3,100,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 28 Weaver Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,869
3%
$1,752,000
—
2024
$18,326
48%
$1,752,000
110%
2023
$12,400
4%
$833,300
1%
2022
$11,946
20%
$829,000
17%
2021
$9,933
-10%
$710,000
-1%
2020
$11,053
—
$716,800
—
2019
$11,053
3%
$716,800
—
2018
$10,738
26%
$716,800
30%
2017
$8,553
3%
$550,000
—
2016
$8,338
5%
$550,000
2%
2015
$7,936
8%
$536,600
22%
2014
$7,327
3%
$438,200
—
2013
$7,112
—
$438,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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28 Weaver Avenue, Newport, RI 02840 (MLS# 1406499) is a Commercial Residential Facility property. 28 Weaver Avenue is currently listed for $2,900,000 and was received on March 19, 2026. This property is listed by Gaye Barnett from our Newport Office.Want to learn more about 28 Weaver Avenue? Do you have questions about finding other Commercial Residential Facility real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.

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