138 Spring St, Unit 1

580 Sq. Ft.
$836 / Sq. Ft.
580
Sq. Ft.
$836
per Sq. Ft.

Description

This unbeatable retail opportunity is perfectly positioned directly across from Trinity Church and Queen Anne Square on Spring Street, one of Newport's primary thoroughfares. Boasting exceptional drive-by exposure and high foot traffic, the two-level space has been transformed by a comprehensive interior renovation. Large windows flood the floor plan with natural light, highlighting newly redone floors, updated light fixtures, and a brand-new air conditioning systems. The space is now fully equipped...This unbeatable retail opportunity is perfectly positioned directly across from Trinity Church and Queen Anne Square on Spring Street, one of Newport's primary thoroughfares. Boasting exceptional drive-by exposure and high foot traffic, the two-level space has been transformed by a comprehensive interior renovation. Large windows flood the floor plan with natural light, highlighting newly redone floors, updated light fixtures, and a brand-new air conditioning systems. The space is now fully equipped for modern operations with an updated bathroom and the addition of a sleek kitchenette featuring a refrigerator, wine refrigerator, microwave, sink, and custom adjustable storage. Complemented by a rear storage/workroom and a recent exterior refresh, this turnkey property is ready for immediate occupancy, allowing you to hit the ground running just in time for the lucrative spring and summer seasons.

Listing Agents

  1. Newport Living Group

    Newport Living Group

    Listing Agent

    Compass

    nlg@compass.com

    P: (401)-662-5165

  2. Candice Sandman

    Candice Sandman

    Alternative Listing Agent

    Compass

Property Details for 138 Spring Street, Unit 1

Subdivision Name
Historic Hill
Building Name
Queen Anne Condominium
Pets Allowed
Yes
LISTING UPDATED: 04/30/2026 12:01 PM

Property Details for 138 Spring Street, Unit 1

StatusActive
MLS #1411160
Days on Market3
Taxes$2,200 / year
HOA Fees$126 / month
Condo/Co-op Fees-
Property TypeCondo
MLS TypeResidential / Condominium
Year Built1900
CountyNewport County
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Building Information for 138 Spring Street, Unit 1

Building/ComplexQueen Anne CondominiumFloor1Stories2Residences1Pet PolicyAllowedPet Policy DetailsYesYear Built1900

Payment Calculator

$2,752 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,442

Property Taxes

$183

HOA Dues

$126

The Payment Calculator is for illustrative purposes only.

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Property Information for 138 Spring Street, Unit 1

Summary
Location and General Information
  • City: Newport
  • Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Courts
  • Postal City: Newport
  • Postal Code: 02840
  • State Or Province: RI
  • Zoning: GB
  • Human Modified Y N: Yes
Location and General Infromation
  • Complex Name: Queen Anne Condominium
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage, Unassigned
  • Parking Total: 0
Taxes and HOA Information
  • Association Fee: $126.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Insurance, Trash
  • Tax Annual Amount: $2,199.66
  • Tax Assessed Value: 202100
  • Tax Lot: 363-1
  • Tax Map Number: 24
  • Tax Year: 2026
Property
Lot Information
  • Above Grade Fin SQFT: 580.0
  • Below Grade Finished Area: 0.0
  • Building Area Total: 580.0
  • Living Area: 580.00
  • Living Area Source: Public Records
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Square Feet: 0.0
  • Lot Size Units: Square Feet
  • Parcel Number: 138SPRINGST1NEWP
  • Stories: 2
  • Stories Total: 2
  • Property Sub Type Additional: Condominium
Property and Assessments
  • Entry Level: 1
  • Entry Location: First Floor Access
  • New Construction Y N: No
  • Number Of Units In Community: 1
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community Y N: No
  • Year Built: 1900
Utilities
  • Electric: Amps100, Circuit Breakers, Separate Meters
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters, Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Combination
Interior Features
  • Appliances: Microwave, Refrigerator, Water Heater
  • Basement: Full, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 0
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 0
  • Cooling: One Unit, Wall Units
  • Cooling Y N: Yes
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood
  • Heating: Gas
  • Heating Y N: Yes
  • Levels: One, Two
  • Rooms Total: 3

Property History for 138 Spring Street, Unit 1

DateEvent & SourcePriceAppreciation
Apr 28, 2026

Listed (Active)

Rhode Island Association of REALTORS® #1411160

$485,000
Dec 16, 2025

Sold (Public Record)

Public Record #1924168923

$325,000

+23.9% / yr

Jun 5, 2025

Sold (Public Record)

Public Record #1882967583

$290,000

+9.8% / yr

DateEvent & SourcePrice
04/28/2026

Listed (Active)

Rhode Island Association of REALTORS® #1411160

$485,000
12/16/2025

Sold (Public Record)

Public Record #1924168923

$325,000

+23.9% / yr

06/05/2025

Sold (Public Record)

Public Record #1882967583

$290,000

+9.8% / yr

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

Public Records for 138 Spring Street, Unit 1

Taxable ValueLand-Additions$202,100Total-
Tax Record2025$2,177 ($181 / month)
Home Facts
Total Finished SqFt580 SqFtAbove Grade Finished SqFt580 SqFtStories1StyleMiscellaneous CommercialYear Built1900Year Renovated1981ZoningGBCountyNEWPORTAPNNEWP M:024 B:0363 L:1

Schools near 138 Spring Street, Unit 1

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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138 Spring Street, Unit 1 is a condo for sale in Newport, RI 02840. This property was listed for sale on April 28, 2026 by Compass, it's currently listed at $485,000. It has been on the market for a total of 3 days and was last sold on December 16, 2025. This listing's school district is Newport School District. Nearby schools include Frank E. Thompson Middle School, Rogers High School and Newport Area Career Tech Center. 138 Spring Street, Unit 1 is a 0-bed, 1-bath, 580 sqft condo built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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.