571 Spring St

Newport, RI 02840

$1,350,000
Last Sold Price
8
Beds
6,014 Sq. Ft.
$224 / Sq. Ft.
6,014
Sq. Ft.
$224
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 8/26/25
Closed 8/26/25

Description

Don't miss this Morton Park beautiful multi-family home with large living spaces. The property provides 3 units. The first floor unit has a separate/private entrance, 3 beds/1 bath, a large living room and a spacious kitchen and dining area. The second floor unit also has 3 beds/1 bath, living room and an eat-in kitchen. These two units have high ceilings and tall windows. The third floor has a large entry, 2 bedrooms/1 bath with laundry, living room. Lovely private garden in rear. Newport attracts...Don't miss this Morton Park beautiful multi-family home with large living spaces. The property provides 3 units. The first floor unit has a separate/private entrance, 3 beds/1 bath, a large living room and a spacious kitchen and dining area. The second floor unit also has 3 beds/1 bath, living room and an eat-in kitchen. These two units have high ceilings and tall windows. The third floor has a large entry, 2 bedrooms/1 bath with laundry, living room. Lovely private garden in rear. Newport attracts roughly 4 million visitors annually, which means there's a global interest in living in this historic, exciting coastal city. Close to Salve Regina University, the location is right in the heart of the city with equal access to gorgeous beaches, fabulous seafood restaurants, historic mansions, museums, fine dining, cafes, and Newport's robust sailing community.
  1. Listed by Eddie Rayden • Brokerage DRE #REB.0016776 • Residential Properties Ltd.
    P: (425)-894-6344 erayden@residentialproperties.com

Property Details for 571 Spring Street

Subdivision Name
Morton Park
Waterfront Features
Walk To Water
LISTING CLOSED: 08/26/2025 12:00 AM

Property Details for 571 Spring Street

StatusClosed
MLS #1389848
Days on Market9
Taxes$8,944 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1896
Lot Size0.13 AC / 5,663 SF
CountyNewport County
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Location

Listing Courtesy of Residential Properties Ltd.

Sold By William Raveis Inspire

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Building Information for 571 Spring Street

Stories3Residences3Year Built1896Building Size-Lot Size0.13 AC / 5,663 SF

Payment Calculator

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$7,607 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,862

Property Taxes

$745

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 571 Spring Street

Summary
Location and General Information
  • City: Newport
  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Courts, Sidewalks
  • Postal City: Newport
  • Postal Code: 02840
  • Postal Code Plus4: 8600
  • State Or Province: RI
  • Zoning: R10
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 0
Taxes and HOA Information
  • Tax Annual Amount: $8,944.00
  • Tax Assessed Value: 1088100
  • Tax Lot: 373
  • Tax Map Number: 40
  • Tax Year: 2024
Property
Lot Information
  • Above Grade Fin SQFT: 6014.0
  • Building Area Total: 6014.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.13
  • Lot Size Area: 5663.0
  • Lot Size Square Feet: 5663.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 571SPRINGSTNEWP
  • Stories Total: 3
  • Structure Type: Apartment
Property and Assessments
  • 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: 1896
  • C L I P: 5,776,209,225
Utilities
  • Electric: Amps100, Separate Meters
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Foundation Details: Combination, Concrete Perimeter
Interior Features
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Disposal, Gas Water Heater, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater, Washer
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 8
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: Marble
  • Fireplaces Total: 2
  • Fireplace Y N: Yes
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl
  • Heating: Baseboard, Forced Air, Gas, Hot Water, Oil
  • Heating Y N: Yes
  • Interior Features: Stall Shower, Tub Shower
  • Laundry Features: Common Area
  • Rooms Total: 15
Multi Family
Income & Expenses Information
  • Operating Expense: $20,036.00
Unit 1 Information
  • Actual Rent: $1,850.00
  • Description: Pays $0 currently
  • Type: TwoBedroom
  • Unit Type Area: 1155.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $2,950.00
  • Unit Type Area: 1480.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $3,000.00
  • Unit Type Area: 1444.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Land Lease Y N: No

Property History for 571 Spring Street

DateEvent & SourcePriceAppreciation
Aug 26, 2025

Sold (Public Record)

Public Record #1911687421

$1,350,000

+15.7% / yr

Aug 26, 2025

Sold

Rhode Island Association of REALTORS® #1389848

$1,350,000—
Jul 24, 2025

Contract Signed

Rhode Island Association of REALTORS® #1389848

—
DateEvent & SourcePrice
08/26/2025

Sold (Public Record)

Public Record #1911687421

$1,350,000

+15.7% / yr

08/26/2025

Sold

Rhode Island Association of REALTORS® #1389848

$1,350,000
07/24/2025

Contract Signed

Rhode Island Association of REALTORS® #1389848

—

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

Public Records for 571 Spring Street

Taxable ValueLand$507,400Additions$580,700Total$1,088,100
Tax Record2025$9,455 ($788 / month)
Home Facts
Baths3Total Finished SqFt4,079 SqFtAbove Grade Finished SqFt4,079 SqFtStories3Lot Size5,863 SqFtStyleTriplexYear Built1896Year Renovated1987ZoningR10CountyNEWPORTAPNNEWP M:040 B:0373

Schools near 571 Spring Street

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Pell Elementary School
Public - PK to 4
Frank E. Thompson Middle School
Public - 5 to 8
Rogers High School
Public - 9 to 12
Newport Area Career Tech Center
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

Nearby home values

AddressSold priceBedsBathsSqftLot AC
573 Spring Street, Newport, RI 02840
$1,050,000
4
2,440
0.09
569 Spring Street, Unit 3, Newport, RI 02840
$440,000
2
1,190
–
569 Spring Street, Unit 1N, Newport, RI 02840
$322,500
2
1,250
–
569 Spring Street, Newport, RI 02840
–
–
–
–
–
569 Spring Street, Unit 2, Newport, RI 02840
$590,000
3
1,450
–

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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 Residential Properties Ltd.

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.