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Overview

  • Updated On:
  • August 23, 2025
  • 6
  • Bathrooms
  • 21
  • Rooms
  • 10
  • Bedrooms
  • 0 ac
  • Property Lot Size

501 Spring Street, Newport, Residential Income

$ 1,875,000
501 Spring Street, ,

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.

Property Id : 680704
Price: $ 1,875,000
Property Lot Size: 0 ac
Rooms: 21
Bedrooms: 10
Bathrooms: 6
Basement: Full,Interior and Exterior,Unfinished
Bathrooms Full: 6
Bathrooms Half: 0
Building Area Total (sqft): 4068
Community Features: Bus,Highway Access,Hospital,Marina,Private School,Public School,Recreational Facilities,Restaurants,Schools,Shopping,Near Swimming,Tennis
Construction Materials: Plaster,Clapboard,Shingles
Cooling: None
Other Equipment: Ceiling Fan
Parking Total: 6
Electric: 100 Amp Service
Fireplace Features: None
Fireplaces Total: 1
Flooring: Hardwood
Foundation Details: Stone
Garage Spaces: 0
Heating: Natural Gas,Oil,Forced Air
Laundry Features: In Building
MLS Listing #: 1391997
Living Area Source: Public Records
Living Area Units: Square Feet
Lot Size SQFT: 3912
MLS Status: Active
Number Of Units Total: 3
Parking Features: No Garage
Sewer: Connected
State: RI
Stories: 3
Street Name: Spring
Street Number: 501
StreetNumberNumeric: 501
Street Suffix: Street
Structure Type: Up/Down
Annual Taxes: 11447
Water Source: Connected
Year Built: 1900
Address: 501 Spring Street
City:
State/County:
Zip: 02840
Country: US
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Other Features
Dishwasher
Dryer
Gas Water Heater
Has Heating System
Microwave
Oven/Range
Plumbing (Mixed)
Property Attached
Refrigerator
Skylight
Stairs
Wall (Plaster)
Washer
$ 11,097.34
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 8,753.59
Thu 28 Aug
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DISCLAIMER TEXT: 501 Spring Street | 680704 : IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2024 State-Wide Multiple Listing Service. All rights reserved.

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