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$1,395,000 Just Listed
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Property Description
Located in a highly desirable area of Portsmouth, 81 Sprague Street presents a rare and versatile opportunity for developers, investors, or end-users looking to create something special. Set in a prime location with convenient access to major roadways, local amenities, and the charm of coastal Rhode Island, this property offers exceptional potential across a variety of uses. Whether you envision a thoughtfully designed subdivision, a private single-family estate, or a boutique condominium development, the possibilities here are abundant. The property may also lend itself well to a place of worship, community gathering space, or an elegant event venue, making it a unique offering in today's market. Surrounded by established neighborhoods and just minutes from beaches, marinas, dining, and shopping, this location combines accessibility with the lifestyle appeal that makes Portsmouth so sought-after. Opportunities like this where flexibility, location, and potential intersect are increasingly rare.
Full Property Details
Full Property Details for 81 Sprague St
General
- Price: $1,395,000
- Taxes: $9,061 (2024)
- Status: Active
- Type: Commercial Recreational
- Source: STWMLS
- MLS ID: 1406628
- Updated: Today (3/18/2026)
- Added to Site: Today
Business
- Name: St Johns Lodge
- Business Type: Commercial, Hospitality, Mixed, Recreation, Residentia
- Year Established: 1975
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
Parking
- Total Spaces: 40
Location
- County: Newport
- Near Highway: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Central, Ductless
Utilities
- Sewer: Septic Tank
- Water: Connected, Public
- Utility Description: Electricity Available, Municipal Utilities, Phone Available, Water Connected
Structural Information
- # Buildings: 1
- Detached/Attached: Attached
- Construction: Frame, Masonry
- Basement: Yes
- Basement Desc.: Full
- Stories/Levels: 3
- Year Built: 1975
- Other Struct. Feat.: Public Restrooms
Lot Features
- Lot Size (Acres): 2.95
- Lot Size (Sq. Ft.): 128,502
- Lot Size: 128502
- Potential Use: Commercial, Development, Investment, Mixed Use, Nursery, Office, Place of Worship, Residential, Recreational, Subdivision, Single Family
Financial Considerations
- Tax Amount: $9,061.94
- Tax Year: 2024
Disclosures and Reports
- Documents Avail.: Aerial
- Property ID: 81SPRAGUESTPORT
- Lot Number: 27
Listed by Serhant New England
Get Pre-Approved Today
Schools
Schools serving 81 Sprague St
School District:Portsmouth School District, Portsmouth, RI
| Name | Grades | Distance |
|---|---|---|
Howard Hathaway School 53 Tallman Avenue, Portsmouth, RI 02871 | K-4 | 0.2 mi |
Portsmouth Middle School, Portsmouth, RI 125 Jepson Lane, Portsmouth, RI 02871 | 5-8 | 4.6 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 81 Sprague St
Date
Details
Price
Change
Source
3/18/2026
Listed
$1,395,000
—
MLS
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
Tax History for 81 Sprague St
Year
Property Taxes
Change
Tax Assessment
Change
2025
100%
$687,500
—
2024
100%
$687,500
—
2023
100%
$687,500
10%
2022
100%
$625,400
—
2021
100%
$625,400
16%
2019
100%
$537,300
—
2018
100%
$537,300
—
2017
100%
$537,300
—
2016
100%
$538,700
—
2015
100%
$538,700
—
2014
100%
$538,700
-8%
2013
—
$584,700
—
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
Estimate the Cost for 81 Sprague St
81 Sprague Street, Portsmouth, RI 02871 (MLS# 1406628) is a Commercial Recreational property. 81 Sprague Street is currently listed for $1,395,000 and was received on March 18, 2026. Want to learn more about 81 Sprague Street? Do you have questions about finding other Commercial Recreational real estate for sale in Portsmouth? You can browse all Portsmouth real estate or contact a Coldwell Banker agent to request more information.

