$1,385,000

113 Spring St Unit 115 Newport, RI 02840

Historic Hill Neighborhood

Estimated payment $8,395/month

Total Views 19,109
2 Beds
1.5 Baths
1,994 Sq Ft
$695 Price per Sq Ft

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 3-minute walk to Queen Anne Square
  • 1 Fireplace

About This Home

Prime mixed-use property in the heart of Newport, RI, offering exceptional residential and commercial potential on lively Spring Street. Just steps from Thames Street's world-class restaurants, boutiques, and historic attractions, this property features a cozy 2-bedroom, 1-bath top-floor apartment with functional living spaces that provide a warm and welcoming retreat, plus a versatile first-floor commercial space, currently a locksmith shop with a half bath. A rare private backyard offers a serene escape, perfect for relaxing or entertaining. Bring your ideas this property is full of possibilities and could be tailored to suit your vision. With a little updating, this gem can truly shine. Don't miss this unique opportunity to own a property that combines comfort, commercial flexibility, and an unbeatable location. Schedule a showing today!

Listing Agent

Earl Magat

Revolv Real Estate License #RES.0046126

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,147

Year Built

  • Built in 1900

Lot Details

  • 2,887 Sq Ft Lot

Parking

  • No Garage

Home Design

  • Clapboard

Interior Spaces

  • 1,994 Sq Ft Home
  • 1 Fireplace
  • Wood Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 123
  • Assessor Parcel Number 113115SPRINGSTNEWP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,147

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0663
  • Inclusions: Property is currently used as a mixed use property, but has potential to be converted into duplex. Information is deemed reliable but not independently verified. Buyers and buyers' agent advised to perform due diligence.
  • Above Grade Finished Sq Ft: 1994.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Buildings: 1
  • Appliances: Common Water Heater
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Drywall, Clapboard

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2887.0
  • Parcel #: 113115SPRINGSTNEWP
  • Zoning: GB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 8146.99
  • Tax Lot: 123
  • Tax Map Number: 24
  • Tax Year: 2021

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 -- $580,300 $290,200 $290,100
2023 $0 $397,900 $258,400 $139,500
2022 $0 $397,900 $258,400 $139,500
2021 $0 $397,900 $258,400 $139,500
2020 $0 $361,800 $206,100 $155,700
2019 $0 $361,800 $206,100 $155,700
2018 $0 $361,800 $206,100 $155,700
2017 $0 $347,900 $131,000 $216,900
2016 -- $347,900 $131,000 $216,900
2015 -- $347,900 $131,000 $216,900
2014 -- $338,300 $131,000 $207,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2024 12/04/24 For Sale $1,385,000 0.0% $695 / Sq Ft
12/04/2024 12/04/24 For Sale $1,385,000 0.0% $695 / Sq Ft
12/04/2024 12/04/24 For Sale $1,385,000 -- $695 / Sq Ft
Source: State-Wide MLS

Deed History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $115,000 Unknown
Closed $181,864 Commercial
Source: Public Records

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Source: State-Wide MLS

MLS Number: 1374125

State-Wide MLS

APN: NEWP-000024-000000-000123

Rhode Island Newport County Newport 02840 Historic Hill

113 Spring St Unit 115, Newport, RI

Homes for Sale in Newport, RI

This home is located at 113 Spring St Unit 115, Newport, RI 02840 and is currently priced at $1,385,000, approximately $694 per square foot. This property was built in 1900. 113 Spring St Unit 115 is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Agent
Earl Magat
Section Image
Revolv Real Estate
(401) 398-5343