For sale

$2,125,000

69 Spring St, Newport, RI 02840

6beds

2,747sqft

Est.:

Multi Family

Built in 1750

-- sqft lot

$1,979,200 Zestimate^®

$774/sqft

$-- HOA

What's special

Exceptional investment property in the heart of Newport's tourist district. 69 Spring Street is a 4-unit multifamily featuring 3 Fully City Licensed Short Term Rental units and 1 year round tenancy apartment. The property features a driveway with 4 dedicated parking spaces- a rare and valuable amenity in this high demand location. The licensed short-term rental units are turnkey and ready to continue generating revenue, while the long-term tenant provides reliable baseline income. Profit and Loss statements are available for review; gross income for 2025 projected at $199,000. BEING SOLD as a package with 87 Spring Street (MLS #1401961) for $3,950,000. Reach out today to schedule a tour.

36 days

1,096

24

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Bathroom

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

Heating

Oil, Forced Water

Cooling

Window Unit(s)

Appliances

Laundry: In Unit

Features

Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
Flooring: Ceramic Tile, Hardwood, Laminate
Basement: Full,Walk-Out Access,Unfinished
Has fireplace: Yes
Fireplace features: Brick

Interior area

Total structure area: 2,625
Total interior livable area: 2,747 sqft

Property

Parking

Total spaces: 4
Parking features: No Garage

Features

Stories: 3
Waterfront features: Walk to Salt Water

Lot

Size: 3,179.88 Square Feet
Features: Local Historic District, Sidewalks

Details

Parcel number: NEWPM024B0026
Zoning: GB

Construction

Type & style

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

Materials

Plaster
Foundation: Stone

Condition

New construction: No
Year built: 1750

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Connected
Water: Municipal

Community & HOA

HOA

Has HOA: No

Location

Region: Newport

Financial & listing details

Price per square foot: $774/sqft
Tax assessed value: $898,900
Annual tax amount: $9,678
Date on market: 12/18/2025
Total actual rent: 11349

Estimated market value

$1,979,200

$1.88M - $2.08M

$3,255/mo

Price history

Date	Event	Price
12/18/2025	Listed for sale	$2,125,000+232%$774/sqft
Source: StateWide MLS RI #1401952 Report a problem
8/22/2017	Sold	$640,000+2.4%$233/sqft
Source: StateWide MLS RI #1162883 Report a problem
6/10/2017	Pending sale	$625,000$228/sqft
Source: BerkshireHathaway HomeServices #1162883 Report a problem
5/30/2017	Listed for sale	$625,000$228/sqft
Source: BerkshireHathaway HomeServices #1162883 Report a problem
9/28/2013	Listing removed	$1,100
Source: Wm. Raveis Chapman Enstone Report a problem