382 Spring Street

Newport, RI, 02840

$1,550,000

$476 per ft²
$1,550,000
$476 per ft²
Pending
Pending
 - For Sale
beds
8 Beds
baths
4 Baths
carpenters-square
3,256 ft²
property_type
Multi-family
calendar
Built 1870
Located in the heart of Newport, this property can continue to be the great investment property it has been for generations, or it could become a new family compound. Its present use is 3 residential rental units plus 1 commercial space which houses an active cafe and sandwich shop. At the rear of the property is a separate structure with 5 garage bays. There is plenty of parking on the premises as well as adequate off-street parking out front. Two of the residential units are currently rented - the owners have held off renting the third leaving it for the new owner to decide. Hardwood floors are throughout the building keeping up with the charm of the 1870 built home. Future plans could include an expansion over the garage bays or conversion back to a single-family home. The possibilities for the property are truly endless all while continuing to have great income generating investment potential.
MLS® ID:
1300327
Listed:
12/19/21
Updated:
6/25/22

Interior Features

Kitchen Appliances
Oven, Oil Water Heater, Range, Refrigerator
Total Bedrooms
8
Full Bathrooms
3
Half Bathrooms
1
Floor Description
Ceramic Tile, Hardwood
Fireplace
None
Cooling
None
Heating
Hot Water, Oil

Exterior/Building Features

Lot Size
5,663 ft² lot
Exterior Features
Paved Driveway
Architectural Style
Apartment
Sewer
Connected

Other Property Details

Taxes
$6717.6
Tax Frequency
per YEAR
HOA Amenities
Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Sidewalks
Attached Garage
Yes
Garage Spaces
5
Parking
Detached, Garage
Parking Total
11.0
View
Y
County
Newport
Utilities
Sewer Connected
Water Source
Connected
Pool
No

Property History

Date
Event
Price
Value
6/3/22
Pending
-
-
5/27/22
Price Change
$1,550,000
-6%
4/10/22
Price Change
$1,650,000
-2%
4/9/22
Active
-
-
3/29/22
Active Under Contract
-
-
3/14/22
Price Change
$1,700,000
-2%

 

Courtesy of J.E. Group Properties

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2022 State-Wide MLS, Inc. All rights reserved.

Data last updated 4:31 PM UTC, 6/25/22.

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