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    8-Unit Apartment Property
    Updated: Apr 24
    8-Unit Apartment Property

    69 Spring St, Newport, RI 02840

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    Two‑building apartment property totaling 8 units
    69 Spring Street includes a driveway with 4 dedicated parking spaces
    City‑licensed Airbnb units included
    2 established year‑round residential tenants
    Located near Newport's waterfront, historic attractions, dining, and shopping
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Newport, RI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    11-Unit Townhouse Apartment Portfolio
    11-Unit Townhouse Apartment Portfolio

    46 Statue Way, Portsmouth, RI 02871

    $4,000,000
    13,740 sqft

    Condominium-structured rental property with townhouse buildings, decks, in-unit laundry, and garage parking.

    View details
    Mixed-Use Buildings with Income Potential
    Mixed-Use Buildings with Income Potential

    28-30-32 Main Road, Tiverton, RI 02878

    $1,400,000
    13,253 sqft

    Three buildings with 13 rentable units, offering income potential.

    View details
    Mixed-Use Property with Income Potential
    Mixed-Use Property with Income Potential

    28-30-32 Main Road, Tiverton, RI 02878

    $1,400,000
    13,231 sqft 0.44 AC lot

    Three buildings with 13 rentable units grossing $98,280 annually.

    View details
    11-Unit Apartment Portfolio
    11-Unit Apartment Portfolio

    46 Statue Way, Portsmouth, RI 02871

    $4,000,000

    Condominium rental holdings comprising townhouse buildings with decks, in-unit laundry, and garage parking.

    View details

    Newport, RI Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Newport, RI on our real estate platform.

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    Demographics Overview

    Population 25K
    Population Growth (5Y) -5.8%
    Median Household Income $83,515
    College Educated 81.9%

    Taxes & Financing

    Tax Rate (average for all types) 1.47%
    Property Tax per SF $6.96 per SF
    Tax Rate vs County Average 0.18 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Newport County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Newport County

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    Residential Income

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