NOT LISTED FOR SALE

138 Spring St Unit 1 Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $388,698

Studio
2 Baths
580 Sq Ft
$670/Sq Ft Est. Value

About This Home

This unbeatable retail opportunity is perfectly positioned directly across from Trinity Church and Queen Anne Square on Spring Street, one of Newport's primary thoroughfares. Boasting exceptional drive-by exposure and high foot traffic, the two-level space has been transformed by a comprehensive interior renovation. Large windows flood the floor plan with natural light, highlighting newly redone floors, updated light fixtures, and a brand-new air conditioning systems. The space is now fully equipped for modern operations with an updated bathroom and the addition of a sleek kitchenette featuring a refrigerator, wine refrigerator, microwave, sink, and custom adjustable storage. Complemented by a rear storage/workroom and a recent exterior refresh, this turnkey property is ready for immediate occupancy, allowing you to hit the ground running just in time for the lucrative spring and summer seasons.

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2025
Sold by
Bought by
Current Estimated Value
$388,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Outstanding Balance
$229,319
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$159,379

Purchase Details

Closed on
Apr 18, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2021
Sold by
Bought by

Purchase Details

Closed on
Jul 17, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$290,000 None Available
$237,500 None Available
$155,000 None Available
$80,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $232,000
Previous Owner $190,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/28/2026 04/28/26 For Sale $485,000 -- $836 / Sq Ft

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,177 $202,100 $0 $202,100
2024 $2,349 $224,600 $0 $224,600
2023 $1,884 $126,600 $0 $126,600
2022 $1,824 $126,600 $0 $126,600
2021 $1,771 $126,600 $0 $126,600
2020 $1,849 $119,900 $0 $119,900
2019 $1,849 $119,900 $0 $119,900
2018 $1,796 $119,900 $0 $119,900
2017 $1,483 $95,400 $0 $95,400
2016 $1,446 $95,400 $0 $95,400
2015 $1,411 $95,400 $0 $95,400
2014 $1,916 $114,600 $0 $114,600
Source: Public Records

Agents Affiliated with this Home

  • Karin Jackson

    Seller's Agent in 2026

    Karin Jackson

    Lila Delman Compass

    (401) 338-3771

    8 in this area

    160 Total Sales

    Karin Jackson
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Map

Rhode Island Newport County Newport 02840 Historic Hill

138 Spring St Unit 1, Newport, RI

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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