130 Spring Street

Newport, RI 02840

$2,200,000
Price
9
Beds
5
Baths
6,330 Sq. Ft.
$348 / Sq. Ft.
6,330
Sq. Ft.
$348
per Sq. Ft.

Description

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....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.
  1. Listed by Teri Degnan • Teri Degnan RE & Consulting
    P: (401)-474-9191 teri@teridegnan.com

Property Details for 130 Spring Street

Subdivision Name
Downtown
Furnished
Furnished
LISTING UPDATED: 09/22/2024 12:32 AM

Property Details for 130 Spring Street

StatusActive
MLS #1366507
Days on Market40
Taxes$11,492 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1849
Lot Size0.17 AC / 7,405 SF
CountyNewport County

Building Information for 130 Spring Street

Stories3Residences4Year Built1849Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 130 Spring Street

Summary
Location and General Information
  • City: Newport
  • Postal City: Newport
  • Postal Code: 02840
  • State Or Province: RI
  • Zoning: GB
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 10
Taxes and HOA Information
  • Tax Annual Amount: $11,492.00
  • Tax Assessed Value: 1098400
  • Tax Lot: 152/163
  • Tax Year: 2024
Property
Lot Information
  • Above Grade Fin SQFT: 6330.0
  • Building Area Total: 6330.0
  • Living Area Source: Public Records
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.17
  • Lot Size Area: 7405.0
  • Lot Size Square Feet: 7405.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 130132SPRINGSTNEWP
  • Stories Total: 3
  • Structure Type: Apartment
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1849
  • C L I P: 4,177,332,528
Utilities
  • Electric: Item100Amp Service, Item150Amp Service, Item200Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Foundation Details: Slab
Interior Features
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Basement: None, Unfinished
  • Basement Y N: No
  • Bathrooms Full: 5
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 9
  • Cooling: None, Wall Units, Central Air
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood
  • Heating: Central, Electric, Forced Air, Gas, Other, Space Heater, Zoned
  • Heating Y N: Yes
  • Interior Features: Bathtub, Stall Shower, Tub Shower, Furnished
  • Laundry Features: Common Area, In Unit
  • Rooms Total: 20
Multi Family
Income & Expenses Information
  • Operating Expense: $29,042.00
Unit 1 Information
  • Actual Rent: $4,546.00
  • Description: 2N & 3N
  • Unit Type Area: 900.0
  • Baths Total: 2
  • Beds Total: 4
  • Num of Full Baths: 2
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $3,400.00
  • Description: 3S
  • Unit Type Area: 1210.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $2,425.00
  • Description: 2S
  • Unit Type Area: 900.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $3,000.00
  • Description: commercial
  • Unit Type Area: 2110.0
  • Baths Total: 1
  • Beds Total: 0
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 130 Spring Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 130 Spring Street

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
Frank E. Thompson Middle School
Public5 to 8

Rogers High School
Public9 to 12

Newport Area Career Tech Center
Public9 to 12

Pell Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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130 Spring Street is a multi-family home for sale in Newport, RI 02840. This property was listed for sale on September 11, 2024 by Teri Degnan RE & Consulting, it's currently listed at $2,200,000. This listing's school district is Newport School District. Nearby schools include Frank E. Thompson Middle School, Rogers High School and Newport Area Career Tech Center. 130 Spring Street is a 9-bed, 5-bath, 6,330 sqft multi-family home built in 1849.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Teri Degnan RE & Consulting

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.