87 Spring Street

Newport, RI 02840 Directions
$1,850,000
  • 7Bed
  • 4Baths
  • 2,906Sqft
  • 0.04Acres
  • 1898Built
  • $637Price/Sqft

Property Highlights

  • Days on Market: 12
  • MLS: 1401961

Property Highlights

  • Days on Market: 12
  • MLS: 1401961

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. https://www.kirbykirby.com/listings/69-87-spring

Property Highlights

  • Days on Market: 12
  • MLS: 1401961

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. https://www.kirbykirby.com/listings/69-87-spring

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. https://www.kirbykirby.com/listings/69-87-spring

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  • Additional Information
    • Basement Description: Full, Unfinished, Walk-Out Access
    • Days On Market: 12
    • Electrical Features: Circuit Breakers
    • Living Area SqFt: 2906
    • On Market Date: 2025-12-18
    • Parking: No Garage
    • Sewer: Public Sewer
    • Tax Amount: $10,696
    • Tax Year: 2024
    • Type: Residential Income
    • Unit Count: 4
    • Year Built: 1898
  • Interior/Exterior Features
    • Appliances Included: Water Heater
    • Beds: 7
    • Construction Materials: Plaster
    • Cooling: Window Unit(s)
    • Flooring: Ceramic Tile, Hardwood, Laminate
    • Foundation: Stone
    • Full Baths: 4
    • Heat: Hot Water, Oil
    • Living SqFt Source: Public Records
    • Rooms: 20

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 William Pitt Sotheby's International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Data is updated as of 12/31/2025. Listed By: Molly Kirby of Kirby & Kirby.

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