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501 Spring Street, 
Newport, RI 02840

$1,875,000


10

Beds


6

Baths


4,068

Sq Ft


Multi-Family

Active

Listed by

Christopher Walker

The Aquidneck Team

William Raveis Inspire

Last updated:

August 17, 2025, 03:01 PM

MLS#

1391997

Source:

RI STATEWIDE

About This Home

501 Spring Street

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.

Home Facts

Multi-Family

6 Baths

10 Bedrooms

Built in 1900

Price Summary

1,875,000

$460 per Sq. Ft.

MLS #:

1391997

Last Updated:

August 17, 2025, 03:01 PM

Added:

13 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

10

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

4,068 Sq. Ft.


Structure

Structure

Building Area:

4,068 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

3,911


Finances & Disclosures

Finances

Price:

$1,875,000

Price per Sq. Ft:

$460 per Sq. Ft.

MLS Logo
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Coldwell Banker Coastal Homes are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 State-Wide MLS, Inc. All rights reserved. Date Last Update: August 17, 2025

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