130-132 Spring St is a classic historic Newport building in the heart of downtown with two 1st floor retail spaces combined and 4 residential apartments upstairs. The building is fully occupied and has 5 parking space. Use is versatile since it is located in a general business zone. Kitchens and baths have been updated, the building exterior was just painted in August 2024. Two of the units are turnkey with furnishings too. Strong rental history and also a solid candidate for a condo conversion. Steps away from all the bustling activity.
For sale
$2,200,000
130 Spring St #132, Newport, RI 02840
9beds
5,120sqft
Est.:
Multi Family
Built in 1849
-- sqft lot
$-- Zestimate®
$430/sqft
$-- HOA
What's special
- 548 days |
- 741 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: March 13, 2026 at 05:30am
Listed by:
Teri Degnan 401-474-9191,
Teri Degnan RE & Consulting
Source: StateWide MLS RI,MLS#: 1366507
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
- Full bathrooms: 5
Bathroom
- Features: Bath w Tub, Bath w Shower Stall, Bath w Tub & Shower
Heating
- Electric, Natural Gas, Central Air, Central, Forced Air, Gas Connected, Other, Space Heater, Zoned
Cooling
- Central Air, None, Wall Unit(s)
Appliances
- Included: Gas Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
- Laundry: In Building, In Unit
Features
- Wall (Dry Wall), Wall (Plaster), Stairs, Insulation (Unknown)
- Flooring: Hardwood
- Basement: None,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 6,330
- Total interior livable area: 5,120 sqft
Video & virtual tour
Property
Parking
- Total spaces: 10
- Parking features: No Garage
Features
- Stories: 3
Lot
- Size: 7,405.2 Square Feet
- Features: Local Historic District, Corner Lot
Details
- Parcel number: NEWPM024B0152
- Zoning: GB
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Plaster, Clapboard
- Foundation: Slab
Condition
- New construction: No
- Year built: 1849
Utilities & green energy
- Electric: 100 Amp Service, 150 Amp Service, 200+ Amp Service
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Downtown
HOA
- Has HOA: No
Location
- Region: Newport
Financial & listing details
- Price per square foot: $430/sqft
- Tax assessed value: $1,098,400
- Annual tax amount: $11,492
- Date on market: 9/26/2024
- Total actual rent: 13371
- Tenant pays: Heat
Estimated market value
Not available
Estimated sales range
Not available
$3,207/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2024 | Listed for sale | $2,200,000-31.3%$430/sqft |
Source:  StateWide MLS RI #1366507 Report a problem | ||
| 12/2/2021 | Listing removed | -- |
Source: StateWide MLS RI #1271561 Report a problem | ||
| 12/9/2020 | Listed for sale | $3,200,000+226.5%$625/sqft |
Source: Teri Degnan RE & Consulting #1271561 Report a problem | ||
| 10/20/2017 | Sold | $980,000$191/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,887 | $1,098,400 |
| 2024 | -- | $1,098,400 +16.1% |
| 2023 | -- | $945,700 |
| 2022 | -- | $945,700 |
| 2021 | -- | $945,700 -2.2% |
| 2020 | -- | $966,500 |
| 2019 | -- | $966,500 |
| 2018 | -- | $966,500 +48.3% |
| 2017 | -- | $651,500 |
| 2016 | -- | $651,500 |
| 2015 | -- | $651,500 -8.6% |
| 2010 | -- | $713,100 |
| 2009 | -- | $713,100 +14.6% |
| 2008 | -- | $622,100 |
| 2007 | -- | $622,100 +0.5% |
| 2006 | -- | $619,100 +75.8% |
| 2002 | -- | $352,100 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$12,720/mo
Principal & interest
$11345
Property taxes
$1375
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Climate risks
Neighborhood: Historic Hill
Nearby schools
GreatSchools rating
- 3/10Frank E. Thompson Middle SchoolGrades: 5-8Distance: 0.3 mi
- 4/10Rogers High SchoolGrades: 9-12Distance: 1.4 mi
- 4/10Pell Elementary SchoolGrades: PK-4Distance: 1.5 mi
Local experts in 02840
- Rhode Island
- Newport County
- Newport
- 02840
- Historic Hill
- 130 Spring St Unit 132
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