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130-132 Spring St 6 Unit Apartment Building $2,200,000 ($366,667/Unit) Newport, RI 02840
Executive Summary
130-132 Spring St is a classic historic Newport building in the heart of downtown with two 1st floor retail spaces combined and 4 residential apartments upstairs. The building is fully occupied and has 5 parking space. Use is versatile since it is located in a general business zone. Kitchens and baths have been updated, the building exterior was just painted in August 2024. Two of the units are turnkey with furnishings too. Strong rental history and also a solid candidate for a condo conversion. Steps away from all the bustling activity.
Property Facts
| Price | $2,200,000 | Building Class | B |
| Price Per Unit | $366,667 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,907 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1849 |
| Apartment Style | Low-Rise | Parking Ratio | 0.85/1,000 SF |
| Zoning | GB - Mixed Use, Historical | ||
| Price | $2,200,000 |
| Price Per Unit | $366,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 5,907 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1849 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | GB - Mixed Use, Historical |
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Exceptionally walkable
90/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | NEWP-000024-000000-000152 | Improvements Assessment | $765,500 |
| Land Assessment | $332,900 | Total Assessment | $1,098,400 |
Property Taxes
Parcel Number
NEWP-000024-000000-000152
Land Assessment
$332,900
Improvements Assessment
$765,500
Total Assessment
$1,098,400
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130-132 Spring St
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