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87 Spring Street, 
Newport, RI 02840

$1,850,000

7

Beds

4

Baths

2,906

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Molly Kirby

Kirby & Kirby

Last updated:

December 29, 2025, 05:52 AM

MLS#

1401961

Source:

RI STATEWIDE

About This Home

87 Spring Street

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.

Home Facts

Multi-Family

4 Baths

7 Bedrooms

Built in 1898

Price Summary

1,850,000

$636 per Sq. Ft.

MLS #:

1401961

Last Updated:

December 29, 2025, 05:52 AM

Added:

14 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,906 Sq. Ft.

Structure

Structure

Building Area:

2,906 Sq. Ft.

Year Built:

1898

Lot

Lot Size (Sq. Ft):

1,568

Finances & Disclosures

Finances

Price:

$1,850,000

Price per Sq. Ft:

$636 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 2026 State-Wide MLS, Inc. All rights reserved. Date Last Update: December 29, 2025

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.