$1,800,000
$1,875,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
501 Spring ST Newport, RI 02840
10 Beds
6 Baths
4,068 SqFt
Key Details
Sold Price $1,800,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,068 sqft
Price per Sqft $442
Subdivision Yachting Village
MLS Listing ID 1391997
Sold Date 10/15/25
Bedrooms 10
Full Baths 6
HOA Y/N No
Abv Grd Liv Area 4,068
Year Built 1900
Annual Tax Amount $11,447
Tax Year 2025
Lot Size 3,911 Sqft
Acres 0.0898
Property Sub-Type Multi Family
Property Description
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
State RI
County Newport
Community Yachting Village
Rooms
Basement Exterior Entry, Full, Interior Entry, Unfinished
Interior
Interior Features Interior Steps, Skylights, Furnished
Heating Forced Air, Gas, Oil
Cooling None
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type None
Furnishings Furnished
Fireplace No
Window Features Skylight(s)
Appliance Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Washer
Laundry Common Area
Exterior
Community Features Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
Utilities Available Sewer Connected
Total Parking Spaces 6
Garage No
Building
Foundation Stone
Sewer Connected
Water Connected
Structure Type Plaster,Clapboard,Shingle Siding
New Construction No
Others
Senior Community No
Tax ID 501SPRINGSTNEWP
Financing Cash
Read Less
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Bought with William Raveis Inspire
