130-132 Spring St - Apartments FOR SALE


Newport, RI 02840
$2,200,000 USD
401-474-9191
130-132 Spring St, Newport, RI for Sale
$2,200,000 USD
Apartments - FOR SALE
1/47
null | Request Cap Rate

130-132 Spring St
Newport, RI 02840


OVERVIEW

130-132 Spring St is a classic historic Newport building in the heart of downtown with two 1st floor retail spaces combined and 4 residential apartments upstairs. The building is fully occupied and has 5 parking space. Use is versatile since it is located in a general business zone. Kitchens and baths have been updated, the building exterior was just painted in August 2024. Two of the units are turnkey with furnishings too. Strong rental history and also a solid candidate for a condo conversion. Steps away from all the bustling activity.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

6

PRICE/UNIT

$366,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1849

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

GB

APN/PARCEL ID

NEWP-000024-000000-000152

ASK ABOUT THIS PROPERTY

Teri DegnanTeri Degnan Real Estate & Consulting, LTDMore Info
401-474-9191

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Teri DegnanTeri Degnan Real Estate & Consulting, LTDMore Info
401-474-9191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.