69 Spring ST, Newport, RI  |  Multi Family:$2,125,000
6   4
MLS Number: 1401952 - ACTIVE
Lot Size:0.07 Acres
Year Built:1750
Rooms:20
Listed By: Kirby & Kirby
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.
Appliances:
--
Appliances:
--
Architectural Style:
--
Buildings:
1
Business Type:
--
Community Features:
--
Construction Materials:
Plaster
Cooling:
Window Unit(s)
Door Features:
--
Electric:
Circuit Breakers
Existing Lease Type:
--
Finished Floor:
Ceramic Tile, Hardwood, Laminate
Garage Spaces:
0
Gross Bldg. Area:
2,625 sq. ft.
Handicap Accessible:
--
Has View:
--
Has Waterfront:
--
Heating:
Oil, Forced Water
Heating Systems:
1
Laundry:
In Unit
Levels:
--
Lot:
Local Historic District, Sidewalks
Lot Frontage:
Neighborhood:
--
Number Of Units Total:
4
Other Monthly Rent:
$11,416
Other Structures:
--
Owner Pays:
Heat
Owner Pays:
Heat
Parking Features:
No Garage
Pool:
--
Property Sub Type:
Apartment,Multi Family
PropertySubType:
Apartment,Multi Family
PropertyType:
Residential Income
Sewer:
Public Connected
Structure Type:
Apartment
Tenant Pays:
--
Tenant Pays:
--
Total Fireplaces:
None
Total Parking:
4
Under Construction:
No
View:
--
Waterfront Features:
Walk to Salt Water
Zip Code:
02840
Unit Details
 
Total Rooms
Bedrooms
Full Baths
Monthly Rent
Unit #1
3
1
1
$4,083
Unit #2
5
1
1
$1,600
Unit #3
5
1
1
$1,666
Unit #4
7
3
1
$4,000
57 Narragansett Avenue, Jamestown, RI 02835
401-423-2329  |  deb.foppert@gmail.com
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