Historic Mixed-Use
For Sale
$2,200,000
130 Spring Street, Newport, RI 02840
Fully occupied downtown property combines street-level retail with residential apartments above.
Property SizeContact for details
Days on Market752
Property Features for 130 Spring Street
General Information
Standard status
Active
Total Parking Spaces
5
Property subtype
Multi-family
Zoning
general business zone
Occupancy
100%
Building Details
Year Built
1849
Buildings
1
Tenancy
Multi
Listing Agency:
Teri Degnan RE & Consulting
(401) 474-9191
Listed By:
Teri Degnan
Source:
Milburyre
Added: Aug 9, 2024
Changed: Aug 30
Last Checked: Aug 30 at 8:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Teri Degnan RE & Consulting
Investment Insights
Based on property information with market context.
This historic mixed-use property in downtown Newport contains two combined retail spaces on the first floor and four residential apartments on the level above. The building dates to 1849 and includes five parking spaces. Kitchens and bathrooms have been updated, while two apartments include furnishings for immediate use.
The property sits in Newport’s downtown area and is located within a general business zone, supporting a flexible combination of retail and residential occupancy. The exterior was painted in August 2024, adding a recent maintenance update to the historic structure.
The property sits in Newport’s downtown area and is located within a general business zone, supporting a flexible combination of retail and residential occupancy. The exterior was painted in August 2024, adding a recent maintenance update to the historic structure.
Key Highlights
- Two combined first‑floor retail spaces
- Four residential apartments on the upper floor
- Fully occupied mixed‑use property
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,565
Businesses Nearby
Explore this area
Business Placement
Demographics for 02840, RI
23,902
Population
13,515
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
3,274
Density / Sq Mi
$83,515
Median Household Income
$41,228
Median Earnings
$1,610
Median Rent
$669,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied downtown property combines street-level retail with residential apartments above.
Where is this mixed-use property located?
The property is located at 130 Spring Street 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: Two combined first‑floor retail spaces; Four residential apartments on the upper floor; Fully occupied mixed‑use property
