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
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 2 | - | - |
1 of 1
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 |
zoning
Zoning Code | GB (Comerical and residential) |