Newport, WA High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Newport, Washington Market population: 24K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Newport RI Properties: 0.7177%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Newport RI
Common questions from investors exploring commercial real estate in Newport RI.
What is the overall investment potential of Newport, RI, considering its demographics and economy?
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Newport, RI's median household income of $60,533 and poverty rate of 14.1% suggest a relatively stable market, while its top industries in Public Administration, Information, and Finance & Insurance indicate a diverse economy. The city's 18-minute average commute time and 91.7% health insurance coverage also contribute to its attractiveness, with a relatively low poverty rate and high health insurance coverage suggesting a working-class market with employment stability.
How does the ethnic diversity and industry mix in Newport, RI impact the demand for real estate investments?
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The city's ethnic diversity, with 43.6% White, 41.0% White Non-Hispanic, and 5.5% Hispanic populations, contributes to a vibrant cultural scene, while its top industries in Public Administration, Information, and Finance & Insurance drive demand for housing and commercial spaces. The median property value of $387,100 and median property taxes of $4,575 also indicate a relatively high-value market.
What are the key factors to consider when evaluating the quality of life in Newport, RI, and its impact on real estate investments?
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The 18-minute average commute time, with top commute methods including driving alone, working from home, and walking, suggests a convenient and flexible lifestyle. Additionally, the 91.7% health insurance coverage and relatively low poverty rate of 14.1% contribute to a high quality of life, making Newport, RI an attractive location for renters and buyers alike.
How does the income inequality and poverty rate in Newport, RI affect the affordability and accessibility of real estate investments?
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The GINI coefficient of 0.469 indicates a moderate level of income inequality, while the poverty rate of 14.1% suggests that there may be challenges in terms of affordability for some residents. However, the median household income of $60,533 and employed population of 12,602 also indicate a relatively stable economy, with opportunities for investors to provide affordable housing options.
What are the implications of the homeownership rate and median property value in Newport, RI for real estate investors?
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The homeownership rate of 44.1% and median property value of $387,100 suggest a relatively high-value market with opportunities for both rental and ownership investments. The median property taxes of $4,575 also indicate a relatively high-cost market, but the city's attractive quality of life and diverse economy may justify the investment, particularly for those targeting the high-end market or looking to capitalize on the city's strong demand for housing.
Newport RI Real Estate & City Facts
Key facts and real estate information about Newport RI.
What are some of the best neighborhoods to live in Newport?
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Some of the best neighborhoods to live in Newport include the Historic District, Thames Street, and Broadway. These neighborhoods offer a mix of historic homes, trendy shops and restaurants, and easy access to the city's scenic coastal areas.
What are some fun things to do in Newport?
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Newport has a lot to offer when it comes to things to do. You can take a stroll along the Cliff Walk, visit the historic mansions like The Breakers, or enjoy water activities like sailing or kayaking in Narragansett Bay. There are also plenty of great restaurants and bars to check out, like The Mooring Seafood Kitchen & Bar or The Red Parrot Restaurant.
What is the food scene like in Newport?
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The food scene in Newport is amazing, with a mix of fresh seafood, fine dining, and casual eateries. Some popular spots include The White Horse Tavern, Midtown Oyster Bar, and Pasta Beach Newport. There are also plenty of great food trucks and markets to check out, like the Newport Farmers Market.
What are the pros and cons of living in Newport?
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The pros of living in Newport include its beautiful coastal location, rich history, and vibrant cultural scene. However, some cons include the high cost of living, crowded tourist areas during the summer, and limited job opportunities in certain industries. Overall, Newport is a great place to live for those who value a unique and historic community.
Is Newport a good place to live?
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Newport is a great place to live for those who value a unique and historic community, with a mix of natural beauty, cultural attractions, and outdoor activities. While it may have some drawbacks, like a high cost of living, the pros definitely outweigh the cons for many people. From its scenic coastal areas to its vibrant food and arts scene, Newport has something to offer for everyone.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Newport RI Commercial Property: $60,533
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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