87 Spring St

Newport RI 02840

2906 sq. ft.

1568 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Exceptional investment property in the heart of Newport's tourist district. 87 Spring Street is a 4-unit multifamily featuring 3 Fully City Licensed Short Term Rental units and 1 year round tenancy apartment. 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 projected income for 2025-2026 $203,600. BEING SOLD as a package with 69 Spring Street (MLS #1401952) for $3,950,000. Reach out today to schedule a tour.

Features

7 bedrooms

4 bathrooms

2906 sq. ft. floor area

1568 sq. ft. lot size

Multi-Family

Property history for 87 Spring St

2018

Sold

$610,000

15 Mar 2018 by Michelle Drum, of Gustave White Sotheby's Realty

2018

Sold

$610,000

15 Mar 2018 by Michelle Drum

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.

Local market activity for 7 bedroom multi families in Newport

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Molly Kirby

at Kirby & Kirby

View listing

Sales:: (619) 566-0008

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