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    130 Spring St Newport, RI 02840

    For Sale
    $2,200,000

    MULTI_FAMILY - Newport, RI

    Type:Apartment
    Lot size:
    0.17 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 130 Spring St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    GB
    Rooms
    Bathroom 3, Bedroom 6, Bathroom 5, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 9, Bedroom 8, Bedroom 5
    Bedrooms
    9
    Bathrooms
    5
    Parking
    10
    Parking features
    Garage
    Interior features
    Wall (Dry Wall), Wall (Plaster), Stairs, Insulation (Unknown)
    Appliances
    Gas Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air, Electric (Heating), Central, Space Heater, Zoned, Natural Gas
    Cooling system
    Central Air, Wall Unit(s)

    Building Details

    Year built
    1849
    Floors in Building
    3
    Number of units
    4
    Flooring type
    Hardwood
    Building materials
    Dry Wall, Plaster, Clapboard

    Teri Degnan Real Estate & Consulting, LTD (401) 474-9191 [email protected]

    Listing agent Teri Degnan (401) 474-9191

    Listing date Dec 1, 2025

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Newport Mixed-Use Building

    Located in the heart of downtown Newport, this classic historic building at 130-132 Spring St features two combined first-floor retail spaces and four residential apartments upstairs. The building is fully occupied and includes five parking spaces. The property's general business zoning allows for versatile use. Kitchens and baths have been updated, and the building exterior was painted in August 2024. Two of the units are turnkey and include furnishings. The property has a strong rental history and is a solid candidate for condo conversion. The property is located steps away from the area's activity.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.312763
    Latitude
    41.487771

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    FAQs

    What type of property is this?
    Apartment building - Classic building with retail and residential units in downtown Newport.
    Where is this apartment building located?
    The property is located at 130 Spring St Newport, RI.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Prime downtown Newport location, steps from bustling activity.; - Versatile general business zoning allows for varied use.; - Fully occupied building with strong rental history.
    (401) 474-9191
    Request Owner's contact information
    130 Spring St Newport, RI 02840
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    130 Spring St Newport, RI 02840
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