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$1,850,000
32 Days On Site
87 Spring StreetNewport, RI 02840
For Sale|Multi Family|Active
7
Beds
4
Total Baths
4
Full Baths
2,906
SqFt
$637
/SqFt
1898
Built
County:
Newport
Call Now: 401-323-8292
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401-323-8292
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Exceptional investment property in the heart of Newport's tourist district. 87 Spring Street is a 4-unit multifamily featuring 3 Fully City Licensed Short Term Rental units and 1 year round tenancy apartment. The licensed short-term rental units are turnkey and ready to continue generating revenue, while the long-term tenant provides reliable baseline income. Profit and Loss statements are available for review; gross projected income for 2025-2026 $203,600. BEING SOLD as a package with 69 Spring Street (MLS #1401952) for $3,950,000. Reach out today to schedule a tour.
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Listing Snapshot
Price
$1,850,000
Days On Site
32 Days
Bedrooms
7
Inside Area (SqFt)
2,906 sqft
Total Baths
4
Full Baths
4
Partial Baths
N/A
Lot Size
0.036 Acres
Year Built
1898
MLS® Number
1401961
Status
Active
Property Tax
$10,696
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records
Friends & Family
Recent Activity
| a month ago | Listing first seen on site | |
| a month ago | Listing updated with changes from the MLS® |
General Features
Acres
0.036
Foundation
Stone
Land Lease
No
Number Of Stories
3
Parking
No Garage
Property Condition
Fixer
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Above
2906
SqFt Total
2906
Water Source
Public
Zoning
GB
Interior Features
Appliances
Water Heater
Basement
FullUnfinishedWalk-Out Access
Cooling
Window Unit(s)
Electric
Circuit Breakers
Flooring
Ceramic TileHardwoodLaminate
Heating
Hot WaterOil
Laundry Features
Laundry RoomIn Unit
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Exterior Features
Construction Details
Plaster
Listing courtesy of Molly Kirby of Kirby & Kirby (401) 477-4130
Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for 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 not guaranteed. Copyright 2026, State-Wide MLS of Rhode Island, Inc.
Last checked: 2026-01-20 11:29 AM UTC
Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for 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 not guaranteed. Copyright 2026, State-Wide MLS of Rhode Island, Inc.
Last checked: 2026-01-20 11:29 AM UTC
Neighborhood & Commute
Source: Walkscore
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