Sold
374 Spring Street
Newport RI, 02840
$800,000
$232.29 per sqft
Sold
5 Beds
2 Baths
3,444 sqft
Multi-family
Built in 1900
This renovated two family in the heart of downtown Newport makes a great investment. Both units have been updated with stylish decor, new kitchens and baths, in unit laundry, ductless A/C and other mechanical updates. Other features include bright rooms, tasteful paint colors throughout and hardwood floors. With proven rental history yearly and seasonally, there is great income potential if you choose to rent both units, or live in one unit and rent the other. Foundation needs repair and included in the disclosure. Structural Engineer quote to be provided upon request.
Rental Info 2022:
Unit 1- Summer $5750/month Winter- $2400
Unit 2- Summer $3750/month Sept 1 to Annual Lease- $2225
Unit 1 is available to immediate move in and vacant for the summer. It is rented for winter 2022-2023.
Unit 2 is fully rented until Sept 2023.
1310336
MLSⓇ ID
May 16, 2022
Listed
February 10, 2024
Updated
Map
374 Spring Street
Newport RI, 02840
Interior Features
Total Stories
2
Bedrooms
5 Beds
Bathrooms
2 Baths
Interior Features
Tub Shower, Furnished
Appliances
Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Water Heater, Washer
Laundry Description
In Unit
Floor Description
Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Ductless
Heating
Yes
Heating Description
Electric, Individual, Oil, Zoned
Exterior/Building Features
Lot Size
0.06 Acres
Exterior Features
Porch
Lot Features
Corner Lot
Sewer
Connected
Other Property Details
Taxes
$5,657
Tax Frequency
Annually
Days on Market
28
Garage
No
Parking
No Garage
Parking Total
0
View
No
County
Newport
Water Source
Connected
Pool
No
Waterfront
Yes
Zoning
R10
Buyer Agency Compensation
2.5%
Courtesy of Compass Real Estate, LLC
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 10:33 AM UTC, 2/10/2024.