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
Price Per Unit $692,500
Sale Type Investment
No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
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 - -
Walk Score®
Walker's Paradise (97)

PROPERTY TAXES

zoning

Zoning Code GB (Comerical and residential)
  • Listing ID: 34135428

  • Date on Market: 12/9/2024

  • Last Updated:

  • Address: 113-115 Spring St, Newport, RI 02840