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69 & 87 Spring St, Newport, RI 2 Multifamily Properties Offered at $5,464,390 CAD in Newport, RI
EXECUTIVE SUMMARY
Two exceptional investment properties in the heart of Newport's tourist district.
This offering includes two buildings, totaling 8 units on desirable Spring Street. The property at 69 Spring Street features a driveway with 4 dedicated parking spaces—a rare and valuable amenity in this high-demand location. These properties also feature city-licensed Airbnb units, and 2 established year-round residential tenants.
Located steps from Newport's renowned waterfront, historic attractions, dining, and shopping, these properties benefit from the area's consistent tourism draw and thriving local economy. The licensed short-term rental units are turnkey and ready to continue generating revenue, while the long-term tenants provide reliable baseline income.
Whether you're looking to expand your investment portfolio or establish a presence in Downtown Newport, this is a rare opportunity to secure prime real estate in an irreplaceable location.
This offering includes two buildings, totaling 8 units on desirable Spring Street. The property at 69 Spring Street features a driveway with 4 dedicated parking spaces—a rare and valuable amenity in this high-demand location. These properties also feature city-licensed Airbnb units, and 2 established year-round residential tenants.
Located steps from Newport's renowned waterfront, historic attractions, dining, and shopping, these properties benefit from the area's consistent tourism draw and thriving local economy. The licensed short-term rental units are turnkey and ready to continue generating revenue, while the long-term tenants provide reliable baseline income.
Whether you're looking to expand your investment portfolio or establish a presence in Downtown Newport, this is a rare opportunity to secure prime real estate in an irreplaceable location.
PROPERTY FACTS
| Price | $5,464,390 CAD | Number of Properties | 2 |
| Price / SF | $674.62 CAD / SF | Individually For Sale | 0 |
| Sale Condition | Bulk/Portfolio Sale | Total Building Size | 8,100 SF |
| Sale Type | Investment | Total Land Area | 0.11 AC |
| Status | Active |
| Price | $5,464,390 CAD |
| Price / SF | $674.62 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,100 SF |
| Total Land Area | 0.11 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 87 Spring St, Newport, RI 02840 | Multifamily | 4,768 SF | 1898 | - |
| 69 Spring St, Newport, RI 02840 | Multifamily | 3,332 SF | 1898 | - |
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69 & 87 Spring St, Newport, RI
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