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Off market
  • $1,298,600

    575 Spring St #577, Newport, RI 02840

    5beds
    2,446sqft
    MultiFamily
    Built in 1912
    -- sqft lot
    $1,298,600 Zestimate®
    $531/sqft
    $3,650 Estimated rent

    Home value

    $1,298,600

    $1.12M - $1.51M

    $3,650/mo

    Zestimate® history
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    Rent Zestimate®

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    $6,302/mo

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    $6,302/mo

    Est. payment

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    What's special

    Located on a large corner lot directly across from Morton Park, this two-unit multi-family property is waiting for your cosmetic updates. Owned and maintained by the same family for over 45 years, this home is bursting with potential. Plenty of living space in both apartments with each unit boasting their own private deck overlooking Spring Street and all separate utilities. There's also the opportunity to finish the large attic space as well. Vinyl siding, windows and the roof are all in great shape. Both furnaces are ten years old or younger and a Generac generator services both apartments in the event that they lose power. Off-street parking in the driveway for up to four cars and a manageable yard space surrounded by hedges for privacy. Bike to the beach, spend time relaxing in Morton Park or walk just a few minutes downtown to everything that Newport has to offer! Subject to seller finding suitable housing.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Oil
    Appliances
    • Included: Dishwasher, Microwave, Range / Oven, Refrigerator
    Features
    • Flooring: Carpet, Hardwood, Linoleum / Vinyl
    Interior area
    • Total interior livable area: 2,446 sqft

    Property

    Features
    • Exterior features: Vinyl
    Lot
    • Size: 4,216 sqft
    Details
    • Parcel number: NEWPM040B0229

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1912

    Utilities & green energy

    • Electric: Circuit Breaker, Upgradeable, Generator-Whole House
    • Sewer: Connected, Municipal

    Community & neighborhood

    Location
    • Region: Newport

    Other

    Other facts
    • BasementRoomsType: Storage Area
    • Exterior: Vinyl Siding, Insulated Glass Windows, Porch, Deck
    • FinishedFloor: Hardwood, Vinyl, Wall to Wall Carpet
    • BasementFinish: Unfinished
    • Electric: Circuit Breaker, Upgradeable, Generator-Whole House
    • Equipment: Oven/Range, Refrigerator, Cable TV, Dishwasher, Microwave, Ceiling Fan, Exhaust Fan, Hood
    • BasementAccess: Interior and Exterior
    • BasementType: Full
    • HeatingFuel: Oil
    • HotWater: Electric
    • WaterSupply: Individual Meter, Connected, Municipal
    • Type: Up/Down
    • LotDescription: Paved Driveway, Sidewalks, Fenced, Corner, Underground Utilities
    • Plumbing: Mixed
    • PropertyType: 2-4 Units Multi Family
    • Sewer: Connected, Municipal
    • SubsidizedHousing: 0
    • HeatPaidBy: Mixed, Owner
    • UnderConstruction: 0
    • Interior: Attic, Skylight, Attic Stairs
    • HandicapAccess: Ramps (No steps), Complete Handicapped Fixtures, Wide Doors, Extra Wide Halls and Doors, Low Pile Carpet
    • HeatingSystem: Forced Water, Individual Control
    • Insulation: Unknown
    • Historic: Unknown
    • Cooling: Window Units
    • TimeShareYN: 0
    • ApxHeatCost: 1501-1800

    Price history

    DateEventPrice
    9/23/2020Sold$640,000-1.4%$262/sqft
    Source: StateWide MLS RI #1258114 Report a problem
    7/7/2020Listed for sale$649,000$265/sqft
    Source: RE/MAX Profnl. Newport, Inc. #1258114 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,814 +5.7%$1,014,400
    2024$8,338 +32.8%$1,014,400 +55.2%
    2023$6,279 $653,400

    Find assessor info on the county website

    Neighborhood: Fifth Ward

    Nearby schools

    GreatSchools rating
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