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87 Spring Street, Newport, RI 02840

Local realty services provided by:CENTURY 21 North East
87 Spring Street,Newport, RI 02840
$1,850,000
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  • 7 Beds
  • 4 Baths
  • 2,906 sq. ft.
  • Multi-family
  • Active
Listed by: molly kirby
Office: kirby & kirby
MLS#:1401961
Source:RI_STATEWIDE

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$636.61

About this home

Exceptional investment property in the heart of Newport's tourist district. 87 Spring Street is a 4-unit multifamily featuring 3 Fully City Licensed Short Term Rental units and 1 year round tenancy apartment. The licensed short-term rental units are turnkey and ready to continue generating revenue, while the long-term tenant provides reliable baseline income. Profit and Loss statements are available for review; gross projected income for 2025-2026 $203,600. BEING SOLD as a package with 69 Spring Street (MLS #1401952) for $3,950,000. Reach out today to schedule a tour.

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Home facts

  • Year built:1898
  • Listing ID #:1401961
  • Added:1 day(s) ago
  • Updated:December 19, 2025 at 12:52 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:2,906 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Hot Water, Oil

Structure and exterior

  • Year built:1898
  • Building area:2,906 sq. ft.
  • Lot area:0.04 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$636.61
  • Tax amount:$10,696 (2024)
MLS LogoThe data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than CENTURY 21 North East are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved. Date Last Update: December 19, 2025

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