138 Spring Street 1 Newport, RI $ 485,000
138 Spring Street 1
$ 485,000
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138 Spring Street 1

Newport, RI, 02840
$ 485,000
Baths1.1 Sq 580

Monthly Estimate*

$ 2,986

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Studio

Condo for sale in Newport, RI

for $485,000 with 1 full bath, 1 half bath. This 580 square foot condo was built in 1900.

This unbeatable retail opportunity is perfectly positioned directly across from Trinity Church and Queen Anne Square on Spring Street, one of Newport's primary thoroughfares. Boasting exceptional drive-by exposure and high foot traffic, the two-level space has been transformed by a comprehensive interior renovation. Large windows flood the floor plan with natural light, highlighting newly redone floors, updated light fixtures, and a brand-new air conditioning systems. The space is now fully equipped for modern operations with an updated bathroom and the addition of a sleek kitchenette featuring a refrigerator, wine refrigerator, microwave, sink, and custom adjustable storage. Complemented by a rear storage/workroom and a recent exterior refresh, this turnkey property is ready for immediate occupancy, allowing you to hit the ground running just in time for the lucrative spring and summer seasons.

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Condo Active

Price

$ 485,000

Bedrooms

Studio

Full Bath

1

Half Bath

1

Property Type

Condo

Taxes

$ 2,199

Style

Year Built

1900

Town/City

Newport

County/Region

Newport

MLS | Web ID

1411160

Features
General
Sewer Connected Public Sewer
Heating Gas
Cooling 1 Unit Wall Unit(s)
Utilities Sewer Connected
Possession Close Through 45 Days
Zoning GB
Garage Spaces 0
Construction Materials Drywall Plaster Clapboard
Pets Allowed Yes
Year Built 1900
Electric 100 Amp Service Circuit Breakers Separate Meters
Stories Count 2
Levels One Two
Unit Number 1
Property Subtype Condominium
Tax Year 2026
Community Features Marina Near Hospital Near Schools Public Transportation Recreation Area Restaurant Shopping Tennis Court(s)
Building Name Queen Anne Condominium
County Newport
New Construction false
Property Type Residential
Subdivision Name Historic Hill
Garage Y/N false
Total Rooms 3
Full Baths 0
Status Active
City Newport
Entry Location First Floor Access
Senior Community Y/N false
Lot Size Units Square Feet
Lot Size Square Feet 0
Tax Annual Amount 2199.66
Virtual Tour https://tour.RiLiving.com/138-Spring-Street-Unit-1-Newport-RI-02840
Standard Status Active
Tax Assessed Value 202100
Tax Lot 363-1
Property Sub Type Additional Condominium
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Interior
Basement Full Unfinished
Flooring Hardwood
Total Fireplaces 0
Fireplace Features None
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 1
Total Bedrooms 0
Below Grade Finished Area 0
Entry Level 1
Total Baths 1
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Exterior
Parking Features No Garage Unassigned
Water Source Connected Multiple Meters Public
Total Parking 0
Inclusions Association fees paid in six month increments.
Lot Size Area 0
Foundation Details Combination
Building Area Total 580
Lot Size Acres 0
Covered Spaces 0
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* Excluded Features
List By
Lila Delman Compass

Broker

Karin.Jackson@LilaDelman.com

Email

Affordability Calculator

$3,169
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,986
Monthly Property Taxes
$183
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
4/28/2026$485,000 Listed Price

Map


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138 Spring Street 1, Newport, RI, 02840 is a Condo for sale at $485,000 with 580 sqft. 138 Spring Street 1 is a studio with 1.1 baths and was built in 1900. The property's zip code is 02840 which is in Newport, RI