Sold
382 Spring Street
Newport RI, 02840
$1,350,000
$414.62 per sqft
Sold
8 Beds
3.5 Baths
3,256 sqft
Multi-family
Built in 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.
1300327
MLSⓇ ID
December 20, 2021
Listed
February 10, 2024
Updated
Map
382 Spring Street
Newport RI, 02840
Interior Features
Total Stories
0
Bedrooms
8 Beds
Bathrooms
3.5 Baths
Appliances
Oven, Oil Water Heater, Range, Refrigerator
Floor Description
Ceramic Tile, Hardwood
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Hot Water, Oil
Exterior/Building Features
Lot Size
0.13 Acres
Exterior Features
Paved Driveway
Sewer
Connected
Other Property Details
Taxes
$6,718
Tax Frequency
Annually
Days on Market
165
Garage
Yes
Garage Spaces
5
Parking
Detached, Garage
Parking Total
11
View
Yes
View Description
Saltwater, Water
County
Newport
Water Source
Connected
Pool
No
Waterfront
Yes
Buyer Agency Compensation
1.75% Net Sale to RI MLS
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.
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Data last updated 10:31 AM UTC, 2/10/2024.