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$485,000

  • For Sale
  • Active
  • Office
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This unbeatable retail opportunity is perfectly positioned directly across from Trinity Church and Queen Anne Square on Spring Street, one of Newport's primary thoroughfares. Boasting exceptional drive-by exposure and high foot traffic, the two-level space has been transformed by a comprehensive interior renovation. Large windows flood the floor plan with natural light, highlighting newly redone floors, updated light fixtures, and a brand-new air conditioning systems. The space is now fully equipped for modern operations with an updated bathroom and the addition of a sleek kitchenette featuring a refrigerator, wine refrigerator, microwave, sink, and custom adjustable storage. Complemented by a rear storage/workroom and a recent exterior refresh, this turnkey property is ready for immediate occupancy, allowing you to hit the ground running just in time for the lucrative summer and fall seasons.

Full Property Details for 138 Spring St #1

General

  • Price: $485,000
  • HOA FEE: $126/month
  • Taxes: $2,199 (2026)
  • Status: Active
  • Type: Office
  • Source: STWMLS
  • MLS ID: 1418048
  • Updated: 7/16/2026
  • Added to Site: 90 day(s) ago

Business

  • Business Type: Accounting, Arts and Entertainment, Administrative a

Additional Information

  • Tennis: Yes
  • Security/Safety: Fire Alarm, Smoke Detector(s), Fire Sprinkler System

Location

  • County: Newport
  • Building Name: Queen Anne Condominium

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: 1 Unit, Wall Unit(s)
  • Heating Type: Gas

Utilities

  • Sewer: Connected, Public Sewer
  • Water: Connected, Multiple Meters, Public
  • Utility Description: Natural Gas Connected, Sewer Connected

Structural Information

  • # Buildings: 1
  • Property Detached: Yes
  • Detached/Attached: Detached
  • Basement: Yes
  • Basement Desc.: Full
  • Stories/Levels: 2
  • Year Built: 1900

Lot Features

  • Frontage: City Street
  • Sidewalks: Yes
  • Lot Features: Historic District
  • Potential Use: Office, Retail

Financial Considerations

  • Association Fee: $126
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $2,199.66
  • Tax Year: 2026

Disclosures and Reports

  • Inclusions: Association fees paid in six month increments.
  • Property ID: 138SPRINGST1NEWP
  • Lot Number: 363-1

Listed by Lila Delman Compass

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Listing agent

— 138 Spring St #1 —

  • Lila Delman Compass

401-338-3771

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 138 Spring St #1

School District:Newport School District, Newport, RI
NameGradesDistance
Frank E. Thompson Middle School
55 Broadway, Newport, RI 02840
5-80.3 mi
Pell Elementary School
35 Dexter Street, Newport, RI 02840
PK-41.5 mi
Rogers High School
15 Wickham Road, Newport, RI 02840
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 138 Spring St #1 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/27/2026
Listed
$485,000
49.23%
MLS
12/16/2025
Sold
$325,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 138 Spring St #1

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,177
-7%
$202,100
-10%
2024
$2,349
25%
$224,600
77%
2023
$1,884
3%
$126,600
—
2022
$1,824
3%
$126,600
—
2021
$1,771
-4%
$126,600
6%
2020
$1,849
—
$119,900
—
2019
$1,849
3%
$119,900
—
2018
$1,796
21%
$119,900
26%
2017
$1,483
3%
$95,400
—
2016
$1,446
2%
$95,400
—
2015
$1,411
-26%
$95,400
-17%
2014
$1,916
3%
$114,600
—
2013
$1,860
—
$114,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 138 Spring St #1

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Lila Delman Compass

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138 Spring Street #1, Newport, RI 02840 (MLS# 1418048) is a Office property. 138 Spring Street #1 is currently listed for $485,000 and was received on April 27, 2026. Want to learn more about 138 Spring Street #1? Do you have questions about finding other Office real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.

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