92 Spring St

2,595 Sq. Ft.
$281 / Sq. Ft.
2,595
Sq. Ft.
$281
per Sq. Ft.

Description

This three unit building is located in the heart of downtown Newport right on Spring St and is zoned General Business Walk to the harbor, shops and restaurants from this Historic Hill location. This property is zoned for short term weekly rentals subject to buyer registering with the City. Strong rental and income history. 2-2 bedroom units and 1-1 bedroom unit. Features included bright rooms, high ceilings, hardwood floors, and a charming back patio. This is a great opportunity for someone looking...This three unit building is located in the heart of downtown Newport right on Spring St and is zoned General Business Walk to the harbor, shops and restaurants from this Historic Hill location. This property is zoned for short term weekly rentals subject to buyer registering with the City. Strong rental and income history. 2-2 bedroom units and 1-1 bedroom unit. Features included bright rooms, high ceilings, hardwood floors, and a charming back patio. This is a great opportunity for someone looking for an investment property.
  1. Listed by Fitzpatrick Team • Brokerage DRE #REB.0010327 • RE/MAX Profnl. Newport, Inc.
    P: (401)-848-7827 justinek@remaxnewportri.com

Amenities

  • Air Conditioning
  • Basement
  • Crawl Space
  • Deck
  • Electric Heat
  • Gas Heat
  • Hardwood Floors
  • High Ceilings
LISTING CLOSED: 08/28/2020 12:00 AM

Property Details for 92 Spring Street

StatusClosed
MLS #1246781
Days on Market196
Taxes$6,282 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1850
Lot Size0.03 AC / 1,425 SF
CountyNewport County

Location

Listing Courtesy of RE/MAX Profnl. Newport, Inc.

Sold By Mott & Chace Sotheby's Intl.

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Building Information for 92 Spring Street

Stories-Residences3Year Built1850Building Size-Lot Size0.03 AC / 1,425 SF

Payment Calculator

$4,234 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,711

Property Taxes

$524

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 92 Spring Street

Summary
Location and General Information
  • City: Newport
  • Postal City: Newport
  • Postal Code: 02840
  • Postal Code Plus4: 6878
  • 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: 0
Taxes and HOA Information
  • Tax Annual Amount: $6,282.00
  • Tax Assessed Value: 628800
  • Tax Lot: 095
  • Tax Year: 2020
Property
Lot Information
  • Above Grade Fin SQFT: 2595.0
  • Building Area Total: 2595.0
  • Living Area Source: Public Records
  • Lot Size Acres: 0.0327
  • Lot Size Area: 1425.0
  • Lot Size Square Feet: 1425.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 92SPRINGSTNEWP
  • Stories Total: 0
  • Structure Type: Apartment
Property and Assessments
  • Buyer Financing: Fha, Va
  • 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: 1850
  • C L I P: 7,641,212,380
Utilities
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck
  • Foundation Details: Combination
Interior Features
  • Appliances: Gas Water Heater
  • Basement: Crawl Space, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Hardwood, Vinyl
  • Heating: Electric, Gas, Hot Water
  • Heating Y N: Yes
  • Patio And Porch Features: Deck
  • Rooms Total: 11
Multi Family
Income & Expenses Information
  • Operating Expense: $7,500.00
Unit 1 Information
  • Unit Type Area: 857.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Unit Type Area: 609.0
  • Baths Total: 1
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Unit Type Area: 1120.0
  • Baths Total: 1
  • Beds Total: 2
  • 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 92 Spring Street

DateEvent & SourcePriceAppreciation
Aug 28, 2020

Sold

Rhode Island Association of REALTORS® #1246781

$730,000
Aug 24, 2020

Contract Signed

Rhode Island Association of REALTORS® #1246781

Aug 20, 2020

Sold (Public Record)

Public Record #677512427

$730,000

+4.2% / yr

DateEvent & SourcePrice
08/28/2020

Sold

Rhode Island Association of REALTORS® #1246781

$730,000
08/24/2020

Contract Signed

Rhode Island Association of REALTORS® #1246781

08/20/2020

Sold (Public Record)

Public Record #677512427

$730,000

+4.2% / yr

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

Public Records for 92 Spring Street

Taxable ValueLand$322,600Additions$697,100Total$1,019,700
Tax Record2025$8,860 ($738 / month)
Home Facts
Baths3Total Finished SqFt2,108 SqFtAbove Grade Finished SqFt2,108 SqFtStories3Lot Size1,424 SqFtStyleMulti-Family Dwelling (2-4)Year Built1850Year Renovated1993ZoningGBCountyNEWPORTAPNNEWP M:024 B:0095

Schools near 92 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.

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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.

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.