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130-132 Spring St 6 Unit Apartment Building $3,038,640 CAD ($506,440 CAD/Unit) Newport, RI 02840
Executive Summary
130-132 Spring St is a classic historic Newport building in the heart of downtown with two 1st floor retail spaces combined and 4 residential apartments upstairs. The building is fully occupied and has 5 parking space. Use is versatile since it is located in a general business zone. Kitchens and baths have been updated, the building exterior was just painted in August 2024. Two of the units are turnkey with furnishings too. Strong rental history and also a solid candidate for a condo conversion. Steps away from all the bustling activity.
Property Facts
| Price | $3,038,640 CAD | Building Class | B |
| Price Per Unit | $506,440 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,907 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1849 |
| Apartment Style | Low-Rise | Parking Ratio | 0.85/1,000 SF |
| Zoning | GB - Mixed Use, Historical | ||
| Price | $3,038,640 CAD |
| Price Per Unit | $506,440 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 5,907 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1849 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | GB - Mixed Use, Historical |
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Exceptionally walkable
90/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | NEWP-000024-000000-000152 | Improvements Assessment | $1,047,763 CAD |
| Land Assessment | $455,650 CAD | Total Assessment | $1,503,413 CAD |
Property Taxes
Parcel Number
NEWP-000024-000000-000152
Land Assessment
$455,650 CAD
Improvements Assessment
$1,047,763 CAD
Total Assessment
$1,503,413 CAD
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130-132 Spring St
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