For sale

Price cut: $150K (6/16)

$2,050,000

130 Spring St #132, Newport, RI 02840

9beds

5,120sqft

Get pre-qualified

Multi Family

Built in 1849

-- sqft lot

$-- Zestimate^®

$400/sqft

$-- HOA

What's special

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.

638 days

562

13

Loading...

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 5
Full bathrooms: 5

Bathroom

Features: Bath w Tub, Bath w Shower Stall, Bath w Tub & Shower

Heating

Electric, Natural Gas, Central Air, Central, Forced Air, Gas Connected, Other, Space Heater, Zoned

Cooling

Central Air, None, Wall Unit(s)

Appliances

Included: Gas Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
Laundry: In Building, In Unit

Features

Wall (Dry Wall), Wall (Plaster), Stairs, Insulation (Unknown)
Flooring: Hardwood
Basement: None,Unfinished
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 6,330
Total interior livable area: 5,120 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 10
Parking features: No Garage

Features

Stories: 3

Lot

Size: 7,405 Square Feet
Features: Local Historic District, Corner Lot

Details

Parcel number: NEWPM024B0152
Zoning: GB

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Dry Wall, Plaster, Clapboard
Foundation: Slab

Condition

New construction: No
Year built: 1849

Utilities & green energy

Electric: 100 Amp Service, 150 Amp Service, 200+ Amp Service
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Downtown

HOA

Has HOA: No

Location

Region: Newport

Financial & listing details

Price per square foot: $400/sqft
Tax assessed value: $1,098,400
Annual tax amount: $11,492
Date on market: 9/26/2024
Total actual rent: 13445
Tenant pays: Heat

Estimated market value

Not available

Estimated sales range

Not available

$3,207/mo

Price history

Date	Event	Price
6/16/2026	Price change	$2,050,000-6.8%$400/sqft
Source: StateWide MLS RI #1366507 Report a problem
9/11/2024	Listed for sale	$2,200,000-31.3%$430/sqft
Source: StateWide MLS RI #1366507 Report a problem
12/2/2021	Listing removed	--
Source: StateWide MLS RI #1271561 Report a problem
12/9/2020	Listed for sale	$3,200,000+226.5%$625/sqft
Source: Teri Degnan RE & Consulting #1271561 Report a problem
10/20/2017	Sold	$980,000$191/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,887	$1,098,400
2024	--	$1,098,400 +16.1%
2023	--	$945,700
2022	--	$945,700
2021	--	$945,700 -2.2%
2020	--	$966,500
2019	--	$966,500
2018	--	$966,500 +48.3%
2017	--	$651,500
2016	--	$651,500
2015	--	$651,500 -8.6%
2010	--	$713,100
2009	--	$713,100 +14.6%
2008	--	$622,100
2007	--	$622,100 +0.5%
2006	--	$619,100 +75.8%
2002	--	$352,100

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified