Skip To Content

501 Spring Street

Newport, RI 02840
  • $1,800,000
  • STATUS: Closed
  • ON SITE: 397 Days
  • MLS #: 1391997
Sold - 10/15/2025
$1,800,000
SOLD - 10/15/2025
  • 10
    BEDS
  • 0.09
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,068
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

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.

Monthly Payment Calculator



[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-09-07T23:37:37.933.
www.lavonnelopes.com/homes/166651605
Print Image

501 Spring Street Newport, RI 02840

  • Price: $1,875,000
  • Status: Closed
  • On Site: 397 Days
  • Updated: 173 min ago
  • MLS #: 1391997
10
Beds
6
Baths
0
½ Baths
0.09
Acres
4,068
SQFT
$0
$/SQFT
1900
Built
Neighborhood:
Yachting Village
County:
Newport
Area:
Newport
Property Description
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.
Exterior Features

Construction Materials Plaster Clapboard Shingle Siding Covered Spaces 0 Foundation Details Stone Frontage Length 32 Garage YN No Parking Features No Garage Parking Total 6

Interior Features

Appliances Dryer Dishwasher Gas Water Heater Microwave Oven Oil Water Heater Range Refrigerator Washer Basement Exterior Entry Full Interior Entry Unfinished Basement YN Yes Cooling None Cooling YN No Fireplace Features None Fireplace YN No Fireplaces Total 1 Flooring Hardwood Furnished Furnished Heating Forced Air Gas Oil Heating YN Yes Interior Features Interior Steps Skylights Furnished Window Features Skylight(s)

Property Features

Buyer Financing Cash Community Features Highway Access Marina Near Hospital Near Schools Public Transportation Recreation Area Restaurant Shopping Tennis Court(s) Electric 100 Amp Service Human Modified YN Yes Land Lease YN No Laundry Features Common Area New Construction YN No Operating Expense 26588 Property Sub Type Multi Family Senior Community YN No Sewer Connected Tax Annual Amount 11447 Tax Assessed Value 1392400 Tax Lot 092 Tax Year 2025 Utilities Sewer Connected Water Source Connected

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of William Raveis Inspire: .



[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-09-07T23:37:37.933.
 
https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1391997-2.jpg https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1391997-2.jpg https://bt-photos.global.ssl.fastly.net/rhodeisland/orig_boomver_1_1391997-2.jpg
Logo
The Lavonne Lopes Group | Keller Williams Coastal
501 Centerville Rd. Suite 201
Warwick RI, 02886