69 Spring St

Newport RI 02840

2625 sq. ft.

3181 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Exceptional investment property in the heart of Newport's tourist district. 69 Spring Street is a 4-unit multifamily featuring 3 Fully City Licensed Short Term Rental units and 1 year round tenancy apartment. The property features a driveway with 4 dedicated parking spaces- a rare and valuable amenity in this high demand location. The licensed short-term rental units are turnkey and ready to continue generating revenue, while the long-term tenant provides reliable baseline income. Profit and Loss statements are available for review; gross income for 2025 projected at $199,000. BEING SOLD as a package with 87 Spring Street (MLS #1401961) for $3,950,000. Reach out today to schedule a tour.

Features

6 bedrooms

4 bathrooms

4 carspaces

2625 sq. ft. floor area

3181 sq. ft. lot size

Multi-Family

Property history for 69 Spring St

2022

Rented

Undisclosed

25 Nov 2022 by Warner Realty Group

2017

Sold

$640,000

22 Aug 2017 by Barry Clark, of Berkshire Hathaway HomeServices Commonwealth Real Estate (Newport, 02840)

Happy sellers in Newport

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