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87 Spring Street

Newport, RI 02840
Beds
7
Baths
4
Square Ft.
2,906
Active
Multifamily
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$1,850,000
Exceptional investment property in the heart of Newport's tourist district. 87 Spring Street is a 4-unit multifamily featuring 3 Fully City Licensed Short Term Rental units and 1 year round tenancy apartment. The licensed short-term rental units are turnkey and ready to continue generating revenue, while the long-term tenant provides… Read MoreRead Less
Courtesy of Kirby & Kirby.
Listing Snapshot
Days Online
0
Last Updated
Beds
7
Full Baths
4
Square Ft.
2,906
Lot Size
0.04 Acres
Year Built
1898
MLS Number
1401961
30 Days Snapshot Of 02840
$1.27M
-51%
(avg) sold price
19
+18%
homes sold
67
+24%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
OilWaterHeater
Basement
Full, Unfinished, WalkOutAccess
Building
Built in 1898, 2,906 above grade finished sqft, Total building area : 2906, Construction materials: Plaster, Structure type: Apartment, 1 building, 3 total stories
Cooling
WindowUnits
Expenses
Operating expense: $68,821
Floors
CeramicTile, Hardwood, Laminate
Heating
HotWater, Oil
Laundry
InUnit
Lot
0.036 acres, 1,568 sqft
Parking
NoGarage, Parking total: 0
Property
Zoning: GB
Sewer
PublicSewer
Taxes
Annual amount: $10,696, Year: 2024
Utilities
CircuitBreakers
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Monthly Payment
$0
Alex Parmenidez
Realtor
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Schools In The Area

Check out nearby schools with ratings and contact info.
Claiborne Pell Elementary School 401-842-1900 Public PK-4
Frank E. Thompson Middle School 401-847-1493 Public 5-8
Rogers High School 401-847-6235 Public 9-12
Claiborne Pell Elementary School 401-842-1900 Public PK-4
Frank E. Thompson Middle School 401-847-1493 Public 5-8
Claiborne Pell Elementary School 401-842-1900 Public PK-4
Frank E. Thompson Middle School 401-847-1493 Public 5-8
Rogers High School 401-847-6235 Public 9-12

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The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information herein is deemed reliable but not guaranteed.