RENTED DEC 2, 2025

571 Spring St Unit 2 Newport, RI 02840

Fifth Ward Neighborhood

Estimated Value: $1,307,000 - $1,402,000

3 Beds
2 Baths
1,480 Sq Ft
$926/Sq Ft Est. Value

Highlights

  • Marina
  • Wood Flooring
  • Tennis Courts
  • Golf Course Community
  • No HOA
  • Window Unit Cooling System

About This Home

As of December 2025

Available NOVEMBER 1 for yearly unfurnished rental! Apartments like this are hard to come by these days. Spacious second floor apartment in a convenient location near Morton Park, minutes to Downtown and Bellevue. High ceilings and large windows for tons of natural light. Modern kitchen and bath plus 3 large bedrooms and 2 FULL bathrooms. In-unit washer and dryer to be added. Updated electrical and fresh paint depending on move in date. ONE small dog may be considered. No cats please.

Last Agent to Rent the Property

Jason Brown

William Raveis Inspire Listed on: 10/28/2025

William Raveis Inspire

Last Renter's Agent

Amy Brown

William Raveis Inspire License #RES.0041584

William Raveis Inspire

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1896

Home Design

  • Entry on the 2nd floor
  • Clapboard
  • Plaster

Interior Spaces

  • 1,480 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Electric Water Heater

Additional Features

  • Sprinkler System
  • Property near a hospital

Listing and Financial Details

  • Property Available on 11/1/25
  • 12 Month Lease Term
  • Assessor Parcel Number 571SPRINGST2NEWP

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Morton Park Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Apartment

Year Built

Built in 1896

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2025-11-01
  • Security Deposit: 2950.0

Listing Details

  • Prop. Type: Residential Lease
  • Co List Office Mls Id: CHAP
  • Co List Office Phone: 401-846-3800
  • Subdivision Name: Morton Park
  • Above Grade Finished Sq Ft: 1480.0
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • Building Stories: 3
  • Structure Type: Apartment
  • Year Built: 1896
  • Pets No Pets Comments: Pets Negotiable,Small Dogs (under 25 lbs.)
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Location: First Floor Access
  • Flooring: Hardwood
  • Interior Amenities: Interior Steps, Stall Shower, Tub Shower
  • Living Area: 1480.0
  • Stories: 3

Exterior Features

  • Lot Features: Sprinkler System
  • Construction Type: Drywall, Plaster, Clapboard
  • Exterior Features: Sprinkler/Irrigation

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No
  • HOA Rent Includes: Trash Collection
  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 571SPRINGST2NEWP

Multi Family

  • Number Of Units In Community: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2025
Sold by
K & M Investments Llc
Bought by
571 Spring Realty Llc
Current Estimated Value
$1,369,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$997,403
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$372,487

Purchase Details

Closed on
Nov 20, 2020
Sold by
Perlman Adam
Bought by
K & M Investments Llc

Purchase Details

Closed on
Dec 30, 2003
Sold by
Bolhouse Daniel and Bolhouse Carol
Bought by
Perlman Adam
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
571 Spring Realty Llc $1,350,000 --
571 Spring Realty Llc $1,350,000 --
K & M Investments Llc $675,000 None Available
K & M Investments Llc $675,000 None Available
Perlman Adam $495,000 --
Perlman Adam $495,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 571 Spring Realty Llc $1,000,000
Closed 571 Spring Realty Llc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2025 12/02/25 Rented $3,000 0.0% --
11/24/2025 11/24/25 Under Contract -- -- --
11/05/2025 11/05/25 Price Changed $3,000 +1.7% $2 / Sq Ft
10/28/2025 10/28/25 For Rent $2,950 +6.3% --
07/28/2020 07/28/20 For Rent $2,775 0.0% --
07/28/2020 07/28/20 Rented $2,775 -- --
Source: State-Wide MLS

Tax History Compared to Growth

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 $9,455 $1,088,100 $507,400 $580,700
2024 $8,944 $1,088,100 $507,400 $580,700
2023 $6,891 $694,700 $334,000 $360,700
2022 $6,676 $694,700 $334,000 $360,700
2021 $6,482 $694,700 $334,000 $360,700
2020 $6,554 $637,500 $295,900 $341,600
2019 $6,554 $637,500 $295,900 $341,600
2018 $6,369 $637,500 $295,900 $341,600
2017 $6,242 $556,800 $227,600 $329,200
2016 $6,086 $556,800 $227,600 $329,200
2015 $5,941 $556,800 $227,600 $329,200
2014 $5,224 $433,200 $178,000 $255,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2025

    Jason Brown

    William Raveis Inspire

    (401) 846-3800

    8 in this area

    26 Total Sales

    Jason Brown
    Section Image

  • A

    Tenant's Agent in 2025

    Amy Brown

    William Raveis Inspire

    (401) 829-2278

    Amy Brown
    Section Image
  • Marty Saklad

    Seller's Agent in 2020

    Marty Saklad

    Samson Realty, Ltd.

    (401) 454-5454

    19 Total Sales

    Marty Saklad
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1398890

State-Wide MLS

APN: NEWP-000040-000000-000373

Rhode Island Newport County Newport 02840 Fifth Ward

571 Spring St Unit 2, Newport, RI

Not Listed for Sale

MultiFamily

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