Don’t miss this Morton Park beautiful multi-family home with large living spaces. The property provides 3 units. The first floor unit has a separate/private entrance, 3 beds/1 bath, a large living room and a spacious kitchen and dining area. The second floor unit also has 3 beds/1 bath, living room and an eat-in kitchen. These two units have high ceilings and tall windows. The third floor has a large entry, 2 bedrooms/1 bath with laundry, living room. Lovely private garden in rear. Newport attracts roughly 4 million visitors annually, which means there’s a global interest in living in this historic, exciting coastal city. Close to Salve Regina University, the location is right in the heart of the city with equal access to gorgeous beaches, fabulous seafood restaurants, historic mansions, museums, fine dining, cafes, and Newport’s robust sailing community.
Sold for $1,350,000
$1,350,000
571 Spring St, Newport, RI 02840
8beds
4,079sqft
Multi Family
Built in 1896
-- sqft lot
$1,621,000 Zestimate®
$331/sqft
$3,888 Estimated rent
Home value
$1,621,000
$1.41M - $1.86M
$3,888/mo
Zestimate® history
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List your homeWhat's special
Private garden in rearLarge living spacesHigh ceilingsTall windows
Zillow last checked:
Listing updated:
Listed by:
Eddie Rayden 425-894-6344,
Residential Properties Ltd.
Bought with:
The Bridge & Bay Group
William Raveis Inspire
Source: StateWide MLS RI,MLS#: 1389848
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Shower Stall, Bath w Tub & Shower
Heating
- Natural Gas, Oil, Baseboard, Forced Air, Forced Water
Cooling
- None
Appliances
- Included: Electric Water Heater, Gas Water Heater, Tankless Water Heater, Dishwasher, Dryer, Exhaust Fan, Disposal, Microwave, Oven/Range, Refrigerator, Washer
- Laundry: Common Area, In Building
Features
- Wall (Cermaic), Stairs, Plumbing (Mixed), Insulation (Unknown), Ceiling Fan(s)
- Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl
- Basement: Full,Interior and Exterior,Unfinished,Laundry,Storage Space,Utility
- Number of fireplaces: 2
- Fireplace features: Marble
Interior area
- Total structure area: 6,014
- Total interior livable area: 4,079 sqft
Property
Parking
- Parking features: No Garage
Features
- Stories: 3
- Waterfront features: Walk To Water
Lot
- Size: 5,662 Square Feet
- Features: Sidewalks
Details
- Parcel number: NEWPM040B0373
- Zoning: R10
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Ceramic, Vinyl Siding
- Foundation: Concrete Perimeter, Mixed
Condition
- New construction: No
- Year built: 1896
Utilities & green energy
- Electric: 100 Amp Service, Individual Meter
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
- Subdivision: Morton Park
HOA
- Has HOA: No
Location
- Region: Newport
Financial & listing details
- Price per square foot: $331/sqft
- Tax assessed value: $1,088,100
- Annual tax amount: $8,944
- Date on market: 7/15/2025
- Inclusions: 3rd unit currently pays no rent. Owner annual income states estimated rate for Unit 3 of $1875/mo., 2025 projected rents and 2024 expenses.
- Total actual rent: 7800
- Tenant pays: Heat
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2025 | Sold | $1,350,000-10%$331/sqft |
Source:  StateWide MLS RI #1389848 Report a problem | ||
| 7/25/2025 | Pending sale | $1,500,000$368/sqft |
Source: StateWide MLS RI #1389848 Report a problem | ||
| 7/15/2025 | Listed for sale | $1,500,000+122.2%$368/sqft |
Source: StateWide MLS RI #1389848 Report a problem | ||
| 12/31/2020 | Sold | $675,000-14%$165/sqft |
Source: Public Record Report a problem | ||
| 3/26/2020 | Listing removed | $785,000$192/sqft |
Source: Gustave White Sotheby's International Realty #1230613 Report a problem | ||
| 1/13/2020 | Price change | $785,000-1.3%$192/sqft |
Source: Gustave White Sotheby's International Realty #1230613 Report a problem | ||
| 8/1/2019 | Price change | $795,000-8.1%$195/sqft |
Source: Gustave White Sotheby's International Realty #1230613 Report a problem | ||
| 5/13/2019 | Listed for sale | $865,000+74.7%$212/sqft |
Source: Peter M. Scotti & Assoc.,Inc. #1223128 Report a problem | ||
| 4/18/2014 | Listing removed | $1,600 |
Source: William Raveis Report a problem | ||
| 3/8/2014 | Listed for rent | $1,600 |
Source: William Raveis Report a problem | ||
| 12/30/2003 | Sold | $495,000$121/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,455 +5.7% | $1,088,100 |
| 2024 | $8,944 +34% | $1,088,100 +56.6% |
| 2023 | $6,676 | $694,700 |
| 2022 | $6,676 +3% | $694,700 |
| 2021 | $6,482 -1.1% | $694,700 +9% |
| 2020 | $6,554 | $637,500 |
| 2019 | $6,554 +2.9% | $637,500 |
| 2018 | $6,369 +2% | $637,500 +14.5% |
| 2017 | $6,242 +2.6% | $556,800 |
| 2016 | $6,086 +2.4% | $556,800 |
| 2015 | $5,941 +13.7% | $556,800 +28.5% |
| 2014 | $5,224 +6.2% | $433,200 |
| 2012 | $4,921 -6.6% | $433,200 -18.4% |
| 2011 | $5,271 +3.9% | $530,800 |
| 2010 | $5,074 +0.4% | $530,800 |
| 2009 | $5,053 -6.3% | $530,800 -14.7% |
| 2008 | $5,394 +4% | $622,200 |
| 2007 | $5,189 +4% | $622,200 |
| 2006 | $4,990 +0.3% | $622,200 +78.8% |
| 2005 | $4,973 +11.2% | $348,000 |
| 2002 | $4,472 | $348,000 |
Find assessor info on the county website
Neighborhood: Fifth Ward
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Nearby schools
GreatSchools rating
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 1.3 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 0.6 mi
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 2.5 mi
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Estimated market value
$1,621,000
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Estimated market value
$1,621,000
- Rhode Island
- Newport County
- Newport
- 02840
- Fifth Ward
- 571 Spring St
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