69 Spring St

$2,125,000
Price
6
Beds
2,625 Sq. Ft.
$810 / Sq. Ft.
2,625
Sq. Ft.
$810
per Sq. Ft.

Description

Exceptional investment property in the heart of Newport's tourist district. 69 Spring Street is a 4-unit multifamily featuring 3 Fully City Licensed Short Term Rental units and 1 year round tenancy apartment. The property features a driveway with 4 dedicated parking spaces- a rare and valuable amenity in this high demand location. The licensed short-term rental units are turnkey and ready to continue generating revenue, while the long-term tenant provides reliable baseline income. Profit and Loss...Exceptional investment property in the heart of Newport's tourist district. 69 Spring Street is a 4-unit multifamily featuring 3 Fully City Licensed Short Term Rental units and 1 year round tenancy apartment. The property features a driveway with 4 dedicated parking spaces- a rare and valuable amenity in this high demand location. The licensed short-term rental units are turnkey and ready to continue generating revenue, while the long-term tenant provides reliable baseline income. Profit and Loss statements are available for review; gross income for 2025 projected at $199,000. BEING SOLD as a package with 87 Spring Street (MLS #1401961) for $3,950,000. Reach out today to schedule a tour.
  1. Listed by Molly Kirby • Brokerage DRE #REB.0019291 • Kirby & Kirby
    P: (401)-477-4130 molly@KirbyKirby.com

Property Details for 69 Spring Street

Waterfront Features
Walk To Water
LISTING UPDATED: 12/18/2025 02:43 PM

Property Details for 69 Spring Street

StatusActive
MLS #1401952
Days on Market1
Taxes$9,678 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1750
Lot Size0.07 AC / 3,181 SF
CountyNewport County

Location

Listing Courtesy of Kirby & Kirby
Add your commute

Building Information for 69 Spring Street

Stories3Residences4Year Built1750Building Size-Lot Size0.07 AC / 3,181 SF

Payment Calculator

$11,307 per month

30 year fixed, 6.28% Interest

Principal and Interest

$10,500

Property Taxes

$807

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 69 Spring Street

Summary
Location and General Information
  • City: Newport
  • Community Features: Sidewalks
  • Postal City: Newport
  • Postal Code: 02840
  • State Or Province: RI
  • Zoning: GB
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 4
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Annual Amount: $9,678.00
  • Tax Assessed Value: 898900
  • Tax Lot: 26
  • Tax Map Number: 24
  • Tax Year: 2025
Property
Lot Information
  • Above Grade Fin SQFT: 2625.0
  • Building Area Total: 2625.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.073
  • Lot Size Area: 3181.0
  • Lot Size Square Feet: 3181.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 69SPRINGSTNEWP
  • Stories Total: 3
  • Structure Type: Apartment
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 4
  • Property Condition: Fixer
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1750
Utilities
  • Electric: Circuit Breakers
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Stone
Interior Features
  • Basement: Full, Unfinished, Walk Out Access
  • Basement Y N: Yes
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 6
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Fireplace Features: Masonry
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Heating: Hot Water, Oil
  • Heating Y N: Yes
  • Interior Features: Stall Shower, Tub Shower
  • Laundry Features: In Unit
  • Rooms Total: 20
Multi Family
Income & Expenses Information
  • Operating Expense: $57,465.00
Unit 1 Information
  • Actual Rent: $4,000.00
  • Description: Winter Student Renal until 5/31/26 paying $4,000/ month. Converts to Short Term Rental June 1, 2026
  • Unit Type Area: 1163.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $1,666.00
  • Description: Yearly tenant
  • Unit Type Area: 526.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $1,600.00
  • Description: Converted to Short Term Rental 10/1/2025, projected income 50k.
  • Unit Type Area: 605.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 4 Information
  • Actual Rent: $4,083.00
  • Description: Short Term Rental, 50k annual
  • Unit Type Area: 453.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Land Lease Y N: No

Property History for 69 Spring Street

DateEvent & SourcePriceAppreciation
Dec 18, 2025

Listed (Active)

Rhode Island Association of REALTORS® #1401952

$2,125,000
Aug 22, 2017

Sold

Rhode Island Association of REALTORS® #1162883

$640,000
Jun 20, 2017

Sold (Public Record)

Public Record #604373952

$640,000

+9.8% / yr

Jun 10, 2017

Contract Signed

Rhode Island Association of REALTORS® #1162883

May 30, 2017

Listed (Active)

Rhode Island Association of REALTORS® #1162883

$625,000
Jan 30, 2012

Permanently Off Market

Rhode Island Association of REALTORS® #996519

Jul 6, 2011

Listed (Active)

Rhode Island Association of REALTORS® #996519

$564,000
Jan 22, 1995

Sold (Public Record)

Public Record #170911863

$78,500
Dec 22, 1994

Sold (Public Record)

Public Record #170912909

$78,500
DateEvent & SourcePrice
12/18/2025

Listed (Active)

Rhode Island Association of REALTORS® #1401952

$2,125,000
08/22/2017

Sold

Rhode Island Association of REALTORS® #1162883

$640,000
06/20/2017

Sold (Public Record)

Public Record #604373952

$640,000

+9.8% / yr

06/10/2017

Contract Signed

Rhode Island Association of REALTORS® #1162883

05/30/2017

Listed (Active)

Rhode Island Association of REALTORS® #1162883

$625,000
01/30/2012

Permanently Off Market

Rhode Island Association of REALTORS® #996519

07/06/2011

Listed (Active)

Rhode Island Association of REALTORS® #996519

$564,000
01/22/1995

Sold (Public Record)

Public Record #170911863

$78,500
12/22/1994

Sold (Public Record)

Public Record #170912909

$78,500

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

Public Records for 69 Spring Street

Taxable ValueLand$371,400Additions$527,500Total$898,900
Tax Record2025$7,811 ($651 / month)
Home Facts
Baths4Total Finished SqFt2,625 SqFtAbove Grade Finished SqFt2,625 SqFtStories2Lot Size3,158 SqFtStyleMulti-Family Res (5+ Units)Year Built1982ZoningGBCountyNEWPORTAPNNEWP M:024 B:0026Fireplace TypeHas Fireplace

Schools near 69 Spring Street

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

Rogers High School
Public9 to 12

Pell Elementary School
PublicPK to 4

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

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69 Spring Street is a multi-family home for sale in Newport, RI 02840. This listing's school district is Newport School District. Nearby schools include Frank E. Thompson Middle School, Rogers High School and Pell Elementary School. 69 Spring Street is a 6-bed, 4-bath, 2,625 sqft multi-family home built in 1750.

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Kirby & Kirby

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.