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For sale
  • $1,875,000

    501 Spring St, Newport, RI 02840

    10beds
    4,026sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $1,793,700 Zestimate®
    $466/sqft
    $-- HOA

    What's special

    Furniture in the unitsNew granite counter topParking spotsExposed beamsHardwood floorsRenovated bathroomCharming sky lights
    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.
    9 days
    on Zillow
    |
    2,195
    |
    100
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    Zillow last checked: 7 hours ago

    Listing updated: August 14, 2025 at 07:09am

    Listed by:

    Christopher Walker 401-207-3970,

    William Raveis Inspire,

    The Aquidneck Team 401-640-0807,

    William Raveis Inspire

    Source: StateWide MLS RI,MLS#: 1391997MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 501 Spring St.

    Next available tour time:Today at 2pm

    Open house

    • Sat, Aug 16

      12:00 PM - 2:00 PM

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Natural Gas, Oil, Forced Air
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
    • Laundry: In Building
    Features
    • Wall (Plaster), Skylight, Stairs, Plumbing (Mixed), Ceiling Fan(s)
    • Flooring: Hardwood
    • Windows: Skylight(s)
    • Basement: Full,Interior and Exterior,Unfinished
    • Number of fireplaces: 1
    • Fireplace features: None
    Interior area
    • Total structure area: 4,068
    • Total interior livable area: 4,026 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: No Garage
    Features
    • Stories: 3
    Lot
    • Size: 3,911.69 Square Feet
    Details
    • Parcel number: NEWPM035B0092

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Plaster, Clapboard, Shingles
    • Foundation: Stone
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: 100 Amp Service
    • Utilities for property: Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Near Public Transport, Highway Access, Hospital, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
    • Subdivision: Yachting Village
    HOA
    • Has HOA: No
    Location
    • Region: Newport

    Financial & listing details

    • Price per square foot: $466/sqft
    • Tax assessed value: $1,392,400
    • Annual tax amount: $11,447
    • Date on market: 8/6/2025
    • Total actual rent: 10437
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