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.

©2024 State-Wide MLS, Inc. All rights reserved.

Data last updated 10:33 AM UTC, 2/10/2024.

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