388 Spring Street
Description
- Listed by: STEPHANIE GUINAN 401.848.6766 sg@stephanieguinan.com Brokerage DRE #REB.0010327 • RE/MAX Profnl. Newport, Inc.
Recent comparable sales
Median sold price
$956,000
Avg days on market
30
Sale-to-list ratio
93.7%
Newport, RI
9 comparable properties found
$1,410,000
Sold 12/30/25
- 6
- Bedrooms
- 3
- Bathrooms
- 2,828
- Square Feet
- 0.08
- Acres
$1,350,000
Sold 03/03/26
- 6
- Bedrooms
- 3
- Bathrooms
- 2,613
- Square Feet
- 0.11
- Acres
$2,400,000
Sold 02/05/25
- 7
- Bedrooms
- 3
- Bathrooms
- 4,036
- Square Feet
- 0.11
- Acres
$910,000
Sold 12/12/25
- 6
- Bedrooms
- 3
- Bathrooms
- 2,524
- Square Feet
- 0.06
- Acres
$1,055,250
Sold 03/26/25
- 6
- Bedrooms
- 3
- Bathrooms
- 2,568
- Square Feet
- 0.10
- Acres
$912,500
Sold 12/02/25
- 8
- Bedrooms
- 3
- Bathrooms
- 2,934
- Square Feet
- 0.11
- Acres
$740,000
Sold 01/30/25
- 6
- Bedrooms
- 3
- Bathrooms
- 3,128
- Square Feet
- 0.14
- Acres
$253,000
Sold 09/04/26
- 6
- Bedrooms
- 3
- Bathrooms
- 2,606
- Square Feet
- 0.76
- Acres
Location
Sold By AMERICA'S REALTY OF NEW
$1,633 per month
30 year fixed, 7.03% Interest
$1,335
$299
$0
1Property Information for 388 Spring Street
Property Details
- Taxes: $3,585 / year
- MLS Type: Residential Income / Multi Family
- County: Newport County
- Subdivision Name: YACHTING VILLAGE
- Waterfront Features: Water Access, Waterfront, Walk To Water
Building Information
- Stories: 3
- Residences: 2
- Year Built: 1900
- Lot Size: 0.12 AC / 5,026 SF
Summary
- City: Newport
- Community Features: Marina, Near Schools, Public Transportation, Shopping, Sidewalks
- Postal City: Newport
- Postal Code: 02840
- State Or Province: RI
- Zoning: R10
- Human Modified Y N: No
- Attached Garage Y N: No
- Covered Spaces: 2
- Garage Spaces: 2
- Garage Y N: Yes
- Parking Features: Detached, Garage
- Parking Total: 6
- Association Fee: $.00
- Tax Annual Amount: $3,585.00
- Tax Assessed Value: 150000
- Tax Block: 0000
- Tax Lot: 150000
- Tax Year: 1999
Property
- Above Grade Fin SQFT: 2866.0
- Building Area Total: 2866.0
- Frontage Length: 0
- Living Area: 2,866.00
- Lot Size Acres: 0.1154
- Lot Size Area: 5026.0
- Lot Size Square Feet: 5026.0
- Lot Size Units: Square Feet
- Number Of Buildings: 2
- Parcel Number: 388SPRINGSTNEWP
- Stories Total: 3
- Buyer Financing: Conventional
- New Construction Y N: No
- Number Of Units Total: 2
- Property Sub Type: Multi Family
- Property Type: ResidentialIncome
- Senior Community Y N: No
- Year Built: 1900
- C L I P: 9,038,950,633
- Electric: Amps100, Circuit Breakers
- Sewer: Connected
- Utilities: Sewer Connected
- Water Source: Connected
Interior and Exterior Features
- Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
- Basement: Full, Walk Out Access
- Basement Y N: Yes
- Bathrooms Full: 3
- Bathrooms Half: 0
- Bathrooms Total Integer: 3
- Bedrooms Total: 7
- Cooling: None
- Cooling Y N: No
- Fireplaces Total: 0
- Fireplace Y N: No
- Flooring: Hardwood, Vinyl
- Heating: Hot Water, Oil
- Heating Y N: Yes
- Laundry Features: In Unit
- Rooms Total: 12
Multi Family
- Operating Expense: $.00
- Actual Rent: $1,150.00
- Description: LR 4BR EIK 2 BATHS
- Total Rent: $1,750.00
- Baths Total: 2
- Beds Total: 4
- Num of Full Baths: 2
- Num of Half Baths: 0
- Actual Rent: $600.00
- Description: LR 3BR EIK BATH
- Total Rent: $1,750.00
- Baths Total: 1
- Beds Total: 3
- Num of Full Baths: 1
- Num of Half Baths: 0
Rental
- Lease Amount Per Area Unit: DollarsPerSquareFoot
Property History for 388 Spring Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Sep 22, 2000 | Sold (Public Record) Public Record #170920006 | $250,000 | +15.7% / yr |
| Sep 21, 2000 | Sold Rhode Island Association of REALTORS® #012278 | $250,000 | — |
| Aug 15, 2000 | Contract Signed Rhode Island Association of REALTORS® #012278 | — | |
| Aug 8, 2000 | Listed (Active) Rhode Island Association of REALTORS® #012278 | $250,000 | — |
| Mar 13, 1998 | Sold (Public Record) Public Record #170910573 | $173,000 | +1.2% / yr |
| Mar 13, 1998 | Sold Rhode Island Association of REALTORS® #722578 | $173,000 | — |
| Mar 2, 1998 | Contract Signed Rhode Island Association of REALTORS® #722578 | — | |
| Dec 20, 1997 | Listed (Active) Rhode Island Association of REALTORS® #722578 | $179,876 | — |
| May 17, 1991 | Sold (Public Record) Public Record #170914010 | $160,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 09/22/2000 | Sold (Public Record) Public Record #170920006 | $250,000 +15.7% / yr |
| 09/21/2000 | Sold Rhode Island Association of REALTORS® #012278 | $250,000 |
| 08/15/2000 | Contract Signed Rhode Island Association of REALTORS® #012278 | — |
| 08/08/2000 | Listed (Active) Rhode Island Association of REALTORS® #012278 | $250,000 |
| 03/13/1998 | Sold (Public Record) Public Record #170910573 | $173,000 +1.2% / yr |
| 03/13/1998 | Sold Rhode Island Association of REALTORS® #722578 | $173,000 |
| 03/02/1998 | Contract Signed Rhode Island Association of REALTORS® #722578 | — |
| 12/20/1997 | Listed (Active) Rhode Island Association of REALTORS® #722578 | $179,876 |
| 05/17/1991 | Sold (Public Record) Public Record #170914010 | $160,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 388 Spring Street
Taxable Value
Land
$423,900Additions
$722,900Tax Record
2025
$9,965 ($830 / month)Home Facts
Baths
4Total Finished SqFt
3,492 SqFtAbove Grade Finished SqFt
3,492 SqFtStories
3Lot Size
5,027 SqFtStyle
TriplexYear Built
1890Year Renovated
1992Zoning
R10County
NEWPORTAPN
NEWP M:032 B:0132Schools near 388 Spring Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Pell Elementary School PublicPK to 4 | ||
Frank E. Thompson Middle School Public5 to 8 | ||
Rogers High School Public9 to 12 | ||
Newport Area Career Tech Center Public9 to 12 |
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.
Similar Homes
New listings in 02840
Nearby home values
| Address | Sold price | Beds | Baths | Sqft | Lot (Sqft) |
|---|---|---|---|---|---|
This home: 388 Spring Street, Newport, RI 02840 | $250,000 | 7 | 3 | 2,866 | 5,026 |
$200,000 | 4 | 3.5 | 2,118 | 6,050 | |
$700,000 | 3 | 3 | 2,764 | 1,726 | |
$945,000 | 4 | 6 | 3,369 | 6,145 | |
$850,000 | 3 | 4 | 2,080 | 2,178 | |
$414,000 | 4 | 1 | 1,557 | 6,706 | |
$329,200 | 3 | 2 | 1,278 | 2,176 | |
$700,000 | 2 | 4.5 | 4,009 | 6,948 | |
– | 1 | 1 | 520 | 1,002 | |
$380,000 | 2 | 2 | 1,627 | 2,613 | |
$743,000 | 4 | 3 | 1,814 | 1,127 | |
$120,000 | 4 | 2 | 2,221 | 5,859 | |
$775,000 | 2 | 2 | 1,248 | 2,190 | |
$485,000 | 3 | 2.5 | 1,641 | 3,933 | |
$395,000 | 2 | 2 | 1,236 | 1,306 | |
$290,000 | 3 | 1 | 1,040 | 2,613 |
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of RE/MAX Profnl. Newport, Inc.
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.
