$2,125,000

69 Spring St Newport, RI 02840

Historic Hill Neighborhood

Estimated payment $11,941/month

Total Views 2,361
6 Beds
4 Baths
2,625 Sq Ft
$810 Price per Sq Ft

Highlights

  • Wood Flooring
  • Window Unit Cooling System
  • Hot Water Heating System
  • Walking Distance to Water
  • Bathtub with Shower
  • 1-minute walk to Eisenhower Park

About This Home

Exceptional investment property in the heart of Newport's tourist district. 69 Spring Street is a 4-unit multifamily featuring 3 Fully City Licensed Short Term Rental units and 1 year round tenancy apartment. The property features a driveway with 4 dedicated parking spaces- a rare and valuable amenity in this high demand location. The licensed short-term rental units are turnkey and ready to continue generating revenue, while the long-term tenant provides reliable baseline income. Profit and Loss statements are available for review; gross income for 2025 projected at $199,000. BEING SOLD as a package with 87 Spring Street (MLS #1401961) for $3,950,000. Reach out today to schedule a tour.

Listing Agent

Molly Kirby

Kirby & Kirby License #REB.0019291 Listed on: 12/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,678

Year Built

  • Built in 1750

Home Design

  • Fixer Upper
  • Stone Foundation
  • Plaster

Interior Spaces

  • 2,625 Sq Ft Home
  • 3-Story Property
  • Fireplace Features Masonry
  • Laundry in unit

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

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

Additional Features

  • Walking Distance to Water
  • 3,181 Sq Ft Lot

Community Details

  • 4 Units
  • Operating Expense $57,465

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 69SPRINGSTNEWP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,678

Year Built

Built in 1750

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.073
  • Above Grade Finished Sq Ft: 2625.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1750
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Fireplace Features: Masonry
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Stall Shower, Tub Shower
  • Stories: 3

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Plaster
  • Foundation Details: Stone
  • Property Condition: Fixer

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3181.0
  • Parcel #: 69SPRINGSTNEWP
  • Zoning: GB

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 57465.0

Tax Info

  • Tax Annual Amount: 9678.0
  • Tax Lot: 26
  • Tax Year: 2025

Map

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/18/2025 12/18/25 For Sale $2,125,000 0.0% $810 / Sq Ft
11/25/2022 11/25/22 Rented $1,675 0.0% --
10/16/2022 10/16/22 For Rent $1,675 0.0% --
08/22/2017 08/22/17 Sold $640,000 +2.4% $242 / Sq Ft View Prior Sale
07/23/2017 07/23/17 Pending -- -- --
05/30/2017 05/30/17 For Sale $625,000 -- $236 / Sq Ft
Source: State-Wide MLS

Source: State-Wide MLS

MLS Number: 1401952

State-Wide MLS
Rhode Island Newport County Newport 02840 Historic Hill

69 Spring St, Newport, RI

For Sale

MultiFamily

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.

Nearby Homes
Molly Kirby
Listing Agent
Molly Kirby
Section Image
Kirby & Kirby
(401) 358-5099