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87 Spring Street Newport, RI $ 1,850,000
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87 Spring Street
$ 1,850,000
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87 Spring Street

Newport, RI, 02840
$ 1,850,000
Bedrooms7 Baths4.0 Sq 2,906

Monthly Estimate*

$ 11,542

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Multi-Family Home for sale in Newport, RI

for $1,850,000 with 7 bedrooms and 4 full baths. This 2,906 square foot home was built in 1898 on a lot size of 0.036.

Exceptional investment property in the heart of Newport's tourist district. 87 Spring Street is a 4-unit multifamily featuring 3 Fully City Licensed Short Term Rental units and 1 year round tenancy apartment. 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 projected income for 2025-2026 $203,600. BEING SOLD as a package with 69 Spring Street (MLS #1401952) for $3,950,000. Reach out today to schedule a tour.

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Multi-Family Active

Price

$ 1,850,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,696

Style

Lot Size

0.036

Year Built

1898

Town/City

Newport

County/Region

Newport

MLS | Web ID

1401961
List By
Kirby & Kirby

Broker

molly@KirbyKirby.com

Email

Affordability Calculator

$12,433
Per Month
93%
7%
0%
Monthly Principal & Interest
$11,542
Monthly Property Taxes
$891
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
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Pricing History
DatePricePrice ChangeDescription
12/18/2025$1,850,000 Listed Price

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87 Spring Street, Newport, RI, 02840 is a Multi-Family Home for sale at $1,850,000 with 2,906 sqft and a lot size of 0.036. 87 Spring Street has 7 bedrooms, 4.0 baths, and was built in 1898. The property's zip code is 02840 which is in Newport, RI

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