501 Spring St

Newport RI 02840

4068 sq. ft.

3912 sq. ft.

Multi-Family

Last sold for $1,800,000

Christopher Walker, last sold this property on 15 October 2025 after 69 days on market.

Overview

Large 3-family in downtown Newport. This buildings combination of size, location, parking, and rentability make it a great asset for anyone's Real Estate portfolio. This building encompases three large apartments for a total of 10 beds, 6 baths, and 6 parking spots. The 1st floor is a 3 bed 2 bath and it's kitchen is renovated. The 2nd floor is a 3 bed 2 bath and it has a renovated bathroom. The 3rd floor is a 4 bed 2 bath and it has a new granite counter top, as well as charming sky lights and exposed beams. All three apartments come with 2 parking spots, hardwood floors, and the furniture in the units. All apartments have been fully rented for the past decade and are currently rented through May 2026, making this property is perfectly positioned for investors looking to capitalize on Newports dynamic market.

Features

10 bedrooms

6 bathrooms

6 carspaces

4068 sq. ft. floor area

3912 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 10 bedroom multi families sold in Newport over the last 12 months.

Property history for 501 Spring St

2025

Sold

$1,800,000

15 Oct 2025 by Christopher Walker, of William Raveis Chapman Enstone

2017

Rented

Undisclosed

07 Feb 2017 by William Raveis Chapman Enstone

Happy sellers in Newport

We have insufficient information to provide an overview of customer satisfaction for Newport. Viewing the agent profiles, reviews and sales for Newport can provide insights for this location.