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130 - 132 Spring Street Newport

$2,200,000
9 5 6,330 sq ft

The Property

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.

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Listing Details

MLS Number

1366507

Lot Size:

0.17 acres

Features

  • Basement: None, Unfinished
  • Heating: Electric, Natural Gas, Central Air, Central, Forced Air, Gas Connected, Other, Space Heater, Zoned
  • Heating Fuel: Electric, Natural Gas, Central Air, Central, Forced Air, Gas Connected, Other, Space Heater, Zoned
  • Garage: 1
  • Laundry
  • Local Historic District
  • Corner Lot
  • Year Built: 1849

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Market Trends for Multi Family
in Newport

  • Overview
    Homes for Sale Today14-53.3% decrease in inventory
    New on Market *650% increase in new listings
    Avg. Asking Price/Sq.Ft. *$332.40$156 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,500,000$299,500 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *93.75%-7.2% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$317.26$245 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *2129 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Teri Degnan Re & Consulting

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