No photos available for this listing

$2,900,000

28 Weaver Avenue

Newport, RI 02840

Listed by Gaye Barnett

Bedrooms

N/A

Bathrooms

N/A

Living area

N/A

Year built

1863

About this home

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.

Property details

MLS #: 1406499
Property type: Hotel/Motel,Commercial
Subdivision: N/A
Status: Active
Days on market: 104
On market date: N/A
Stories: N/A
Garage spaces: N/A
Lot size: 5,227 sqft

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary

Aquidneck School

1.6 mi away · Grades -1-3

Nearest school -- attendance-zone data not available here

4.0

Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating

Enrollment: 308
Student:teacher ratio: 12.8:1
District: Middletown

Middle

Frank E. Thompson Middle

0.82 mi away · Grades 5-8

Nearest school -- attendance-zone data not available here

5.0

Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating

Enrollment: 565
Student:teacher ratio: 9.7:1
District: Newport

High

Rogers High School

1.24 mi away · Grades 9-12

Nearest school -- attendance-zone data not available here

5.0

Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating

Enrollment: 639
Student:teacher ratio: 11.4:1
District: Newport

Mortgage calculator

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Est. monthly payment

$17,614/mo

$580,000 down

$2,320,000 loan

Principal & interest$15,047

Property tax (est.)$2,417

Home insurance (est.)$150

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Listed by List with Lyon Team

Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated July 1, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.