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130-132 Spring St
Newport, RI 02840

Multifamily Property For Sale · 6 Units

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Executive Summary

130-132 Spring St is a classic historic Newport building in the heart of downtown with two 1st floor retail spaces combined and 4 residential apartments upstairs. The building is fully occupied and has 5 parking space. Use is versatile since it is located in a general business zone. Kitchens and baths have been updated, the building exterior was just painted in August 2024. Two of the units are turnkey with furnishings too. Strong rental history and also a solid candidate for a condo conversion. Steps away from all the bustling activity.

PROPERTY FACTS

Price Per Unit	$527,120 CAD	Building Class	B
Sale Type	Investment	Lot Size	0.17 AC
No. Units	6	Building Size	1 SF
Property Type	Multifamily	Average Occupancy	100%
Property Subtype	Apartment	No. Stories	1
Apartment Style	Low Rise	Year Built	1849

Price Per Unit	$527,120 CAD
Sale Type	Investment
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.17 AC
Building Size	1 SF
Average Occupancy	100%
No. Stories	1
Year Built	1849

PROPERTY TAXES

Parcel Number	NEWP-000024-000000-000152	Improvements Assessment	$1,103,009 CAD
Land Assessment	$479,676 CAD	Total Assessment	$1,582,685 CAD

PROPERTY TAXES

Parcel Number

NEWP-000024-000000-000152

Land Assessment

$479,676 CAD

Improvements Assessment

$1,103,009 CAD

Total Assessment

$1,582,685 CAD

zoning

Zoning Code	GB (Mixed Use, Historical)
GB (Mixed Use, Historical)

Listing ID: 33535635
Date on Market: 2024-10-16
Last Updated:
Address: 130-132 Spring St, Newport, RI 02840

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