134 Spring St

3,168 Sq. Ft.
$331 / Sq. Ft.
3,168
Sq. Ft.
$331
per Sq. Ft.

Description

A great opportunity to own a corner of Newport's Historic Hill. This mixed use building on the corner of Church St and Spring St has many possibilities! An owner occupied building with the commercial space paying your mortgage or an investment property with the possibility of both short and long term rentals while also keeping an attic apartment for yourself to use. Also, property has a fenced in private side yard with garden, patio and BBQ plus driveway that fits 5 vehicles. Walk to everything and...A great opportunity to own a corner of Newport's Historic Hill. This mixed use building on the corner of Church St and Spring St has many possibilities! An owner occupied building with the commercial space paying your mortgage or an investment property with the possibility of both short and long term rentals while also keeping an attic apartment for yourself to use. Also, property has a fenced in private side yard with garden, patio and BBQ plus driveway that fits 5 vehicles. Walk to everything and park in your own driveway!
  1. Listed by Teri Degnan • Brokerage DRE #REC.0015615 • Teri Degnan RE & Consulting
    P: (401)-474-9191 teri@teridegnan.com

Property Details for 134 Spring Street

Subdivision Name
Spring/Downtown
LISTING CLOSED: 01/31/2022 12:00 AM

Property Details for 134 Spring Street

StatusClosed
MLS #1298084
Days on Market5
Taxes$10,234 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1704
Lot Size0.07 AC / 3,049 SF
CountyNewport County

Location

Listing Courtesy of Teri Degnan RE & Consulting

Sold By Teri Degnan RE & Consulting

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Building Information for 134 Spring Street

Stories3Residences3Year Built1704Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$6,190 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,337

Property Taxes

$853

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 134 Spring Street

Summary
Location and General Information
  • City: Newport
  • Postal City: Newport
  • Postal Code: 02840
  • State Or Province: RI
  • Zoning: GB
  • Human Modified Y N: No
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 5
Taxes and HOA Information
  • Tax Annual Amount: $10,234.00
  • Tax Assessed Value: 747700
  • Tax Lot: 163
  • Tax Year: 2020
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 3168.0
  • Building Area Total: 3168.0
  • Living Area Source: Public Records
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.07
  • Lot Size Area: 3049.0
  • Lot Size Square Feet: 3049.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 134SPRINGSTNEWP
  • Stories Total: 3
  • Structure Type: Apartment
Property and Assessments
  • Buyer Financing: Conventional
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1704
  • C L I P: 4,190,093,890
Utilities
  • Electric: Amps200Or More
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Foundation Details: Concrete Perimeter, Stone
Interior Features
  • Appliances: Gas Water Heater
  • Basement: Crawl Space, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 4
  • Cooling: None
  • Cooling Y N: No
  • Fireplaces Total: 1
  • Fireplace Y N: Yes
  • Flooring: Hardwood, Vinyl
  • Heating: Baseboard, Electric, Gas
  • Heating Y N: Yes
  • Interior Features: Tub Shower
  • Laundry Features: Common Area
  • Rooms Total: 11
Multi Family
Income & Expenses Information
  • Operating Expense: $28,100.00
Unit 1 Information
  • Actual Rent: $1,760.00
  • Description: academic year lease and summer monthly
  • Occupant Type: Vacant
  • Unit Type Area: 611.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $3,165.00
  • Description: academic year lease and summer monthly
  • Unit Type Area: 1310.0
  • Baths Total: 2
  • Beds Total: 3
  • Num of Full Baths: 2
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $2,300.00
  • Description: commercial space
  • Unit Type Area: 1053.0
  • Baths Total: 1
  • Beds Total: 0
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 134 Spring Street

DateEvent & SourcePriceAppreciation
Jan 31, 2022

Sold

Rhode Island Association of REALTORS® #1298084

$1,050,000
Dec 6, 2021

Contract Signed

Rhode Island Association of REALTORS® #1298084

Dec 1, 2021

Listed (Active)

Rhode Island Association of REALTORS® #1298084

$999,000
DateEvent & SourcePrice
01/31/2022

Sold

Rhode Island Association of REALTORS® #1298084

$1,050,000
12/06/2021

Contract Signed

Rhode Island Association of REALTORS® #1298084

12/01/2021

Listed (Active)

Rhode Island Association of REALTORS® #1298084

$999,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 134 Spring Street

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
Frank E. Thompson Middle School
Public5 to 8

Rogers High School
Public9 to 12

Newport Area Career Tech Center
Public9 to 12

Pell Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Teri Degnan RE & Consulting

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.