RENTED DEC 16, 2025

235 Spring St Unit 4 Newport, RI 02840

Historic Hill Neighborhood

Estimated Value: $538,992 - $727,000

2 Beds
1 Bath
735 Sq Ft
$849/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $342,000 $465 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $3,641/month

Highlights

  • Water Views
  • Shops
  • Baseboard Heating
  • No HOA
  • Property near a hospital
  • 3-minute walk to Aquidneck Park

About This Home

As of December 2025

YEARLY RENTAL WITH PARKING, LAUNDRY, ROOFDECK ACCESS - Available November 1, 2025. Located in the heart of downtown Newport, this two-level, 2-bedroom, 1-bath townhouse-style apartment combines historic charm with modern convenience. The sun-filled living space features wide-plank hardwood floors and a bay window, while both bedrooms are tucked away upstairs for privacy. Enjoy the ease of in-unit laundry, two off-street parking spaces, and shared rooftop deck access with sweeping city views. Just steps from Thames Street, the waterfront, restaurants, shops, and Newport's cultural landmarks, this unit offers a true walk-to-everything lifestyle.

Last Agent to Rent the Property

Alex Fraioli

Edge Realty RI License #RES.0040250 Listed on: 09/08/2025

Last Renter's Agent

Nicholas Myers

Edge Realty RI License #RES.0048347

Property Details

Home Type

  • Apartment

Year Built

  • 1900

Interior Spaces

  • 735 Sq Ft Home
  • Water Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating

Listing and Financial Details

  • Property Available on 11/1/25
  • 12 Month Lease Term
  • Assessor Parcel Number 235SPRINGST4NEWP

Community Details

Overview

  • No Home Owners Association

Amenities

  • Shops
  • Restaurant

Pet Policy

  • Pets Allowed

Property Details

Home Type

Apartment

Year Built

1900

Lot Details

0 Sq Ft Lot

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2025-11-01
  • Security Deposit: 2500.0

Listing Details

  • Prop. Type: Residential Lease
  • Above Grade Finished Sq Ft: 735.0
  • Structure Type: Apartment
  • Pets No Pets Comments: Pets Negotiable
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 0
  • Year Built: 1900

Interior Features

  • Furnished: Unfurnished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: Second Floor Access
  • Living Area: 735.0

Exterior Features

  • View: Saltwater, Water
  • View: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Near Hospital, Restaurant, Shopping
  • Senior Community: No
  • HOA Rent Includes: Laundry Facilities, Parking, Snow Removal
  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 235SPRINGST4NEWP

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2020
Closed on
Mar 25, 2020
Sold by
Cusano Andrew K
Bought by
235 Spring Street Llc
Seller's Agent
Alex Fraioli
Edge Realty RI
Buyer's Agent
Angelica Cagley
Keller Williams Coastal
Sold Price
$1,850
Current Estimated Value
$623,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$621,898

Purchase Details

Listed on
Mar 11, 2019
Closed on
Apr 25, 2019
Sold by
Fisher Sarah F
Bought by
Cusano Andrea K
Seller's Agent
Alisha Juzapavicus
Warner Realty Group
Buyer's Agent
Alex Fraioli
Edge Realty RI
List Price
$350,000
Sold Price
$342,000
Premium/Discount to List
-$8,000
-2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.09%
Original Mortgage
$273,600
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2009
Sold by
Needham Lucy
Bought by
Fisher Sarah F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
4.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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

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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

Date Buyer Sale Price Title Company
235 Spring Street Llc -- None Available
Cusano Andrea K $342,000 --
Fisher Sarah F $207,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cusano Andrea K $273,600
Previous Owner Fisher Sarah F $166,000
Previous Owner Fisher Sarah F $166,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/16/2025 12/16/25 Rented $2,200 -12.0% --
10/25/2025 10/25/25 Off Market $2,500 -- --
10/22/2025 10/22/25 For Rent $2,500 0.0% --
10/10/2025 10/10/25 Price Changed $2,500 -10.7% $3 / Sq Ft
09/08/2025 09/08/25 For Rent $2,800 +12.0% --
03/26/2023 03/26/23 Rented $2,500 0.0% --
02/23/2023 02/23/23 For Rent $2,500 +8.7% --
03/14/2022 03/14/22 For Rent $2,300 0.0% --
03/14/2022 03/14/22 Rented $2,300 +24.3% --
03/16/2020 03/16/20 For Rent $1,850 0.0% --
03/16/2020 03/16/20 Rented $1,850 0.0% --
04/30/2019 04/30/19 Sold $342,000 -2.3% $465 / Sq Ft View Prior Sale
03/31/2019 03/31/19 Pending -- -- --
03/11/2019 03/11/19 For Sale $350,000 0.0% $476 / Sq Ft
09/13/2015 09/13/15 Rented $1,400 -6.7% --
08/14/2015 08/14/15 Under Contract -- -- --
08/13/2015 08/13/15 For Rent $1,500 -- --
Source: State-Wide MLS

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 $3,700 $425,800 $0 $425,800
2024 $3,677 $447,300 $0 $447,300
2023 $2,937 $296,100 $0 $296,100
2022 $2,846 $296,100 $0 $296,100
2021 $2,763 $296,100 $0 $296,100
2020 $2,302 $223,900 $0 $223,900
2019 $2,302 $223,900 $0 $223,900
2018 $2,237 $223,900 $0 $223,900
2017 $2,510 $223,900 $0 $223,900
2016 $2,447 $223,900 $0 $223,900
2015 $2,389 $223,900 $0 $223,900
2014 $2,542 $210,800 $0 $210,800
Source: Public Records

Agents Affiliated with this Home

  • Alex Fraioli

    Landlord's Agent in 2025

    Alex Fraioli

    Edge Realty RI

    (401) 255-9109

    12 in this area

    136 Total Sales

    Alex Fraioli
    Section Image

  • N

    Tenant's Agent in 2025

    Nicholas Myers

    Edge Realty RI

    (860) 876-7329

    Nicholas Myers
    Section Image

  • A

    Seller's Agent in 2023

    Alex Nunes

    Serhant New England

    (401) 316-5083

    20 Total Sales

    Alex Nunes
    Section Image
  • Karen Dill

    Buyer's Agent in 2022

    Karen Dill

    Homes By Connect

    (401) 741-2541

    27 Total Sales

    Karen Dill
    Section Image

  • A

    Buyer's Agent in 2020

    Angelica Cagley

    Keller Williams Coastal

  • Alisha Juzapavicus

    Seller's Agent in 2019

    Alisha Juzapavicus

    Warner Realty Group

    (631) 338-1771

    1 in this area

    39 Total Sales

    Alisha Juzapavicus
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1394594

State-Wide MLS

APN: NEWP-000027-000085-000004

Rhode Island Newport County Newport 02840 Historic Hill

235 Spring St Unit 4, Newport, RI

Not Listed for Sale

MultiFamily

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