113-115 Spring St, Newport, RI 02840 | 113-115 Spring St
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113-115 Spring St, Newport, RI 02840 113-115 Spring St
2 Unit Apartment Building $1,385,000 ($692,500/Unit) Newport, RI 02840
INVESTMENT HIGHLIGHTS
- Heart of Newport
- High versatility for varies commercial/residential utilization
- Heavy foot traffic
EXECUTIVE SUMMARY
Prime mixed-use property in the heart of Newport, RI, offering exceptional residential and commercial potential on lively Spring Street. Just steps from Thames Streets world-class restaurants, boutiques, and historic attractions, this property features a cozy 2-bedroom, 1-bath top-floor apartment with functional living spaces that provide a warm and welcoming retreat, plus a versatile first-floor commercial space, currently a locksmith shop with a half bath. A rare private backyard offers a serene escape, perfect for relaxing or entertaining. Bring your ideas. The property is full of possibilities and could be tailored to suit your vision. With a little updating, this gem can truly shine. Dont miss this unique opportunity to own a property that combines comfort, commercial flexibility, and an unbeatable location. Schedule a showing today
PROPERTY FACTS
| Price | $1,385,000 | Property Subtype | |
| Price Per Unit | $692,500 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 1,994 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Price | $1,385,000 |
| Price Per Unit | $692,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | |
| Lot Size | 0.07 AC |
| Building Size | 1,994 SF |
| No. Stories | 2 |
| Year Built | 1900 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
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Walk Score®
Walker's Paradise (97)
PROPERTY TAXES
| Parcel Number | NEWP-000024-000000-000123 | Improvements Assessment | $290,100 |
| Land Assessment | $290,200 | Total Assessment | $580,300 |
PROPERTY TAXES
Parcel Number
NEWP-000024-000000-000123
Land Assessment
$290,200
Improvements Assessment
$290,100
Total Assessment
$580,300
ZONING
| Zoning Code | GB (Comerical and residential) |
| GB (Comerical and residential) |
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113-115 Spring St, Newport, RI 02840 | 113-115 Spring St
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