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$2,125,000

  • For Sale
  • Active
  • Apartment
  • 6 Beds
  • 4 Full Baths
  • 0.073 Acres
See This Home
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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.

Full Property Details for 69 Spring St

General

  • Price: $2,125,000
  • Taxes: $9,678 (2025)
  • Status: Active
  • Type: Apartment
  • Source: STWMLS
  • MLS ID: 1401952
  • Updated: 12/18/2025
  • Added to Site: 30 day(s) ago

Interior

  • Number of Rooms: 20
  • Interior Features: Stall Shower, Tub Shower
  • Fireplace(s): Masonry
  • Flooring: Ceramic Tile, Hardwood, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: In Unit

Parking

  • Total Spaces: 4
  • Parking Features: No Garage

Location

  • County: Newport

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Hot Water, Oil

Utilities

  • Sewer: Connected, Public Sewer
  • Water: Public
  • Utility Description: Sewer Connected

Structural Information

  • # Buildings: 1
  • Structure Type: Apartment
  • Detached/Attached: Detached
  • Construction: Plaster
  • Basement: Yes
  • Basement Desc.: Full, Unfinished, Walk-Out Access
  • Stories/Levels: 3
  • Building Size: 2625
  • Finished Total: 2,625 Sq. Ft.
  • Finished Above Grnd: 2,625 Sq. Ft.
  • Year Built: 1750
  • Property Condition: Fixer

Lot Features

  • Lot Size (Acres): 0.073
  • Lot Size (Sq. Ft.): 3,181
  • Lot Size: 3181
  • Sidewalks: Yes

Water Features

  • Water Front Desc.: Walk to Water

Financial Considerations

  • Operating Expenses: $57,465
  • Tax Amount: $9,678
  • Tax Year: 2025

Disclosures and Reports

  • Property ID: 69SPRINGSTNEWP
  • Lot Number: 26

Listed by Kirby & Kirby

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Listing agent

— 69 Spring St —

  • Kirby & Kirby

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 69 Spring St

School District:Newport School District, Newport, RI
NameGradesDistance
Rogers High School
15 Wickham Road, Newport, RI 02840
9-121.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 69 Spring St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/18/2025
Listed
$2,125,000
232.03%
MLS
6/20/2017
Sold
$640,000
—
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 69 Spring St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,811
6%
$898,900
—
2024
$7,389
13%
$898,900
36%
2023
$6,545
3%
$659,800
—
2022
$6,341
3%
$659,800
—
2021
$6,156
-6%
$659,800
3%
2020
$6,569
-33%
$639,000
—
2019
$9,853
3%
$639,000
—
2018
$9,572
50%
$639,000
56%
2017
$6,377
3%
$410,100
—
2016
$6,217
3%
$410,100
—
2015
$6,065
-9%
$410,100
2%
2014
$6,701
3%
$400,800
—
2013
$6,505
—
$400,800
—
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.

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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 Kirby & Kirby

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69 Spring Street, Newport, RI 02840 (MLS# 1401952) is a Apartment property with 6 bedrooms and 4 full bathrooms. 69 Spring Street is currently listed for $2,125,000 and was received on December 18, 2025. Want to learn more about 69 Spring Street? Do you have questions about finding other Apartment 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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