$2,125,000

69 Spring St Newport, RI 02840

Historic Hill Neighborhood

Estimated payment $11,941/month

Total Views 1,727
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:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
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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

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