Beautifully maintained mixed-use property in a prime Spring Street location. The street level features two office spaces, with two residential units above. Accessed via a private rear courtyard, the second-floor residence offers two bedrooms and two baths, granite countertops, stainless steel appliances, and in-unit laundry. One bedroom is configured as a private efficiency suite with its own kitchenette, full bath, and separate entrance—ideal for guests or added flexibility. The third-floor unit includes two bedrooms, one bath, and an open-concept living/kitchen area. Additional highlights include parking for four vehicles, a charming rear courtyard, and separate utilities throughout, making this an excellent investment opportunity.
For sale
Price cut: $50K (1/23)
$1,775,000
2 Perry St, Newport, RI 02840
4beds
2,580sqft
Est.:
Multi Family
Built in 1870
-- sqft lot
$1,698,200 Zestimate®
$688/sqft
$-- HOA
What's special
Parking for four vehiclesIn-unit laundryCharming rear courtyardGranite countertopsStainless steel appliancesPrivate rear courtyard
- 110 days |
- 1,090 |
- 31 |
Zillow last checked:
Listing updated:
Listed by:
Mike Sweeney 401-849-3000,
Gustave White Sotheby's Realty
Source: StateWide MLS RI,MLS#: 1401964
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Bathroom
- Features: Bath w Shower Stall, Bath w Tub & Shower
Heating
- Natural Gas, Forced Water
Cooling
- None, Window Unit(s)
Appliances
- Included: Gas Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Wall (Dry Wall), Wall (Plaster), Skylight, Stairs, Plumbing (Mixed), Insulation (Unknown)
- Flooring: Hardwood, Carpet
- Windows: Skylight(s)
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,580
- Total interior livable area: 2,580 sqft
Property
Parking
- Total spaces: 4
- Parking features: No Garage
Features
- Stories: 3
- Waterfront features: Walk To Water
Lot
- Size: 5,227.2 Square Feet
- Features: Corner Lot
Details
- Parcel number: NEWPM032B0202
- Zoning: R10
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Plaster, Clapboard, Shingles
- Foundation: Mixed
Condition
- New construction: No
- Year built: 1870
Utilities & green energy
- Electric: 200+ Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Hospital, Marina, Private School, Public School, Recreational Facilities, Near Shopping, Near Swimming, Tennis
- Subdivision: Spring Street
HOA
- Has HOA: No
Location
- Region: Newport
Financial & listing details
- Price per square foot: $688/sqft
- Tax assessed value: $1,022,500
- Annual tax amount: $11,008
- Date on market: 12/29/2025
- Inclusions: Street level office space leased until 09/30/27. Second floor one-bedroom unit, month to month. Efficiency unit leased until 2/28/26. Third floor unit leased until 7/31/26.
- Total actual rent: 6725
- Tenant pays: Heat
Estimated market value
$1,698,200
$1.61M - $1.78M
$3,698/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Price change | $1,775,000-2.7%$688/sqft |
Source:  StateWide MLS RI #1401964 Report a problem | ||
| 12/29/2025 | Listed for sale | $1,825,000+22.1%$707/sqft |
Source: StateWide MLS RI #1401964 Report a problem | ||
| 3/10/2022 | Listing removed | -- |
Source: StateWide MLS RI #1299257 Report a problem | ||
| 1/26/2022 | Price change | $1,495,000-9.4%$579/sqft |
Source: StateWide MLS RI #1299257 Report a problem | ||
| 11/30/2021 | Listed for sale | $1,650,000+182.1%$640/sqft |
Source: StateWide MLS RI #1299257 Report a problem | ||
| 3/20/2008 | Sold | $585,000+6.4%$227/sqft |
Source: Public Record Report a problem | ||
| 1/14/2005 | Sold | $550,000+450%$213/sqft |
Source: Public Record Report a problem | ||
| 2/28/1994 | Sold | $100,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,342 | $1,022,500 |
| 2024 | -- | $1,022,500 +41.2% |
| 2023 | -- | $724,000 |
| 2022 | -- | $724,000 |
| 2021 | -- | $724,000 +25% |
| 2020 | -- | $579,300 |
| 2019 | -- | $579,300 |
| 2018 | -- | $579,300 +10% |
| 2017 | -- | $526,600 |
| 2016 | -- | $526,600 |
| 2015 | -- | $526,600 -0.1% |
| 2010 | -- | $527,000 |
| 2009 | -- | $527,000 -1.5% |
| 2008 | -- | $535,000 |
| 2007 | -- | $535,000 |
| 2006 | -- | $535,000 +188.7% |
| 2005 | -- | $185,300 |
| 2002 | -- | $185,300 |
Find assessor info on the county website
Monthly payment
Est. payment
$10,263/mo
Principal & interest
$9154
Property taxes
$1109
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Climate risks
Neighborhood: Memorial Boulevard
Nearby schools
GreatSchools rating
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 0.9 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 0.9 mi
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 2.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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