$2,200,000

130 Spring St Unit 132 Newport, RI 02840

Historic Hill Neighborhood

Estimated payment $12,576/month

Total Views 27,117
9 Beds
5 Baths
6,330 Sq Ft
$348 Price per Sq Ft

Highlights

  • 0.17 Acre Lot
  • Corner Lot
  • Bathtub with Shower
  • Wood Flooring
  • Furnished
  • 2-minute walk to Queen Anne Square

About This Home

130-132 Spring St is a classic historic Newport building in the heart of downtown with two 1st floor retail spaces combined and 4 residential apartments upstairs. The building is fully occupied and has 5 parking space. Use is versatile since it is located in a general business zone. Kitchens and baths have been updated, the building exterior was just painted in August 2024. Two of the units are turnkey with furnishings too. Strong rental history and also a solid candidate for a condo conversion. Steps away from all the bustling activity.

Listing Agent

Teri Degnan

Teri Degnan RE & Consulting License #REC.0015615 Listed on: 09/11/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,492

Year Built

  • Built in 1849

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot

Home Design

  • Slab Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 6,330 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Wood Flooring
  • Unfinished Basement

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 10 Parking Spaces
  • No Garage

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Zoned Heating and Cooling System
  • Space Heater
  • Heating System Uses Gas
  • 200+ Amp Service
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 152/163
  • Assessor Parcel Number 130132SPRINGSTNEWP

Community Details

Overview

  • 4 Units
  • Downtown Subdivision

Building Details

  • Operating Expense $29,042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,492

Year Built

Built in 1849

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Subdivision Name: Downtown
  • Above Grade Finished Sq Ft: 6330.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1849
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Has Basement: None, Unfinished
  • Basement YN: No
  • Full Bathrooms: 5
  • Total Bedrooms: 9
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Bathtub, Stall Shower, Tub Shower, Furnished
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Drywall, Plaster, Clapboard
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 10.0

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: None, Wall Unit(s), Central Air
  • Cooling Y N: No
  • Heating: Central, Electric, Forced Air, Gas, Other, Space Heater, Zoned
  • Heating Yn: Yes
  • Electric: 100 Amp Service, 150 Amp Service, 200+ Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.0
  • Parcel #: 130132SPRINGSTNEWP
  • Zoning: GB
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 29042.0

Tax Info

  • Tax Annual Amount: 11492.0
  • Tax Lot: 152/163
  • Tax Map Number: 24
  • Tax Year: 2024

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
2025 $7,887 $1,098,400 $332,900 $765,500
2024 -- $1,098,400 $332,900 $765,500
2023 $0 $945,700 $296,400 $649,300
2022 $0 $945,700 $296,400 $649,300
2021 $0 $945,700 $296,400 $649,300
2020 $0 $966,500 $308,800 $657,700
2019 $0 $966,500 $308,800 $657,700
2018 $0 $966,500 $308,800 $657,700
2017 $0 $651,500 $146,700 $504,800
2016 -- $651,500 $146,700 $504,800
2015 -- $651,500 $146,700 $504,800
2014 -- $640,600 $146,700 $493,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2024 09/11/24 For Sale $2,200,000 -- $348 / Sq Ft
Source: State-Wide MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $980,000 --
Source: Public Records

Source: State-Wide MLS

MLS Number: 1366507

State-Wide MLS

APN: NEWP-000024-000000-000152

Rhode Island Newport County Newport 02840 Historic Hill

130 Spring St Unit 132, Newport, RI

This home is located at 130 Spring St Unit 132, Newport, RI 02840 and is currently priced at $2,200,000, approximately $347 per square foot. This property was built in 1849. 130 Spring St Unit 132 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.

State-Wide MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2025 State-Wide MLS, Inc. All rights reserved.

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Listing Agent
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Teri Degnan RE & Consulting
(401) 409-8557