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Listed price in listed location currency (USD).
$1,850,000

740

MLS® 1401961

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2906 sqft
Garage No
Taxes $10,696
Days Active 0
Lot Size 0.036 acres
Approx. Age 1898
Avg. Price Per Sqft $636
MLS® Number 1401961

Property Address: 87 Spring St, Newport, RI, 02840-6804

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional investment property in the heart of Newport's tourist district. 87 Spring Street is a 4-unit multifamily featuring 3 Fully City Licensed Short Term Rental units and 1 year round tenancy apartment. 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 projected income for 2025-2026 $203, 600. BEING SOLD as a package with 69 Spring Street (MLS #1401952) for $3, 950, 000. Reach out today to schedule a tour.
MLS® Number1401961
Laundry LevelIn Unit
Central VacNo
FireplaceNo
Acreage0.036
Exterior
GarageNo
Approx. Age1898
BasementFull, Unfinished, Walk Out Access
DrivewayNo Garage
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 18, 2025List Date
$1,850,000List Price
  • Commute

Commute

Starting Address
Destination Address
87 Spring St, Newport, RI

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