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501 Spring Street, Newport, RI 02840

Beds
10
Baths
6
Sqft
4,068

View property features, location on map, relevant school information and overview from seller's agent.

Listed byWilliam Raveis Inspire
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Overview

Large 3-family in downtown Newport. This buildings combination of size, location, parking, and rentability make it a great asset for anyone's Real Estate portfolio.

This building encompases three large apartments for a total of 10 beds, 6 baths, and 6 parking spots. The 1st floor is a 3 bed 2 bath and it's kitchen is renovated. The 2nd floor is a 3 bed 2 bath and it has a renovated bathroom. The 3rd floor is a 4 bed 2 bath and it has a new granite counter top, as well as charming sky lights and exposed beams. All three apartments come with 2 parking spots, hardwood floors, and the furniture in the units. All apartments have been fully rented for the past decade and are currently rented through May 2026, making this property is perfectly positioned for investors looking to capitalize on Newports dynamic market.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
3
Number of bedrooms
10
Number of bathrooms
6
Square feet
4,068
Lot size (acres)
0.09
Year built
1900

Interior features

Basement
Yes, Unfinished
Fireplaces
1

Utilities

Heating
Natural gas, Forced air, Oil
Cooling
None

Taxes

Tax Annual Amount (2025)
$11,447

Public schools

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Sourced from: StateWide MLS MLS®#: 1391997 Last checked:

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