374 Spring Street Newport

5 2 3,444 sq ft

The Property

This renovated two family in the heart of downtown Newport makes a great investment. Both units have been updated with stylish decor, new kitchens and baths, in unit laundry, ductless A/C and other mechanical updates. Other features include bright rooms, tasteful paint colors throughout and hardwood floors. With proven rental history yearly and seasonally, there is great income potential if you choose to rent both units, or live in one unit and rent the other.

Foundation needs repair and included in the disclosure. Structural Engineer quote to be provided upon request.

Rental Info 2022:

Unit 1- Summer $5750/month Winter- $2400

Unit 2- Summer $3750/month Sept 1 to Annual Lease- $2225

Unit 1 is available to immediate move in and vacant for the summer. It is rented for winter 2022-2023.

Unit 2 is fully rented until Sept 2023.

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Listing Details

MLS Number


Lot Size:

0.06 acres


  • Basement: Full
  • Porch
  • Shingles
  • Vinyl Siding
  • Heating: Individual Control, Zoned
  • Heating Fuel: Electric,Oil
  • Laundry
  • Corner
  • Type: Side/Side
  • Year Built: 1900
  • Water Amenities: Walk to Salt Water, Walk To Water

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Market Trends for Multi Family Homes
in Newport

  • Overview
    Homes for Sale Today12-94.3% decrease in inventory
    New on Market *6100% increase in new listings
    Avg. Asking Price/Sq.Ft. *$550.41$69 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,165,000$160,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.56%2.9% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$407.57$85 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *8326 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.



    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 Compass Real Estate, LLC

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