RI > Newport
Newport, RI 02840,87 Spring ST
Newport, RI 02840,87 Spring ST
Newport, RI 02840,87 Spring ST
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$1,850,000
Est. payment /mo
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7 Beds
4 Baths
2,906 SqFt
Active

87 Spring ST Newport, RI 02840

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31
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2026
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Eric Coury

Eric Coury

+1(508) 838-6956

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,906 sqft

Price per Sqft $636

MLS Listing ID 1401961

Bedrooms 7

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,906

Year Built 1898

Annual Tax Amount $10,696

Tax Year 2024

Lot Size 1,568 Sqft

Acres 0.036

Property Sub-Type Multi Family

Property Description

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.

Location

State RI

County Newport

Zoning GB

Rooms

Basement Full, Unfinished, Walk-Out Access

Interior

Heating Hot Water, Oil

Cooling Window Unit(s)

Flooring Ceramic Tile, Hardwood, Laminate

Fireplace No

Appliance Oil Water Heater

Laundry In Unit

Exterior

Garage No

Building

Foundation Stone

Sewer Public Sewer

Water Public

Structure Type Plaster

New Construction No

Others

Senior Community No

Tax ID 87SPRINGSTNEWP

© 2025 State-Wide Multiple Listing Service. All rights reserved.
Listed by Kirby & Kirby

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Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Coury Team Homes - KW ELITE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

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Tricia Coury

Executive Real Estate Specialist - Team Leader

+1(508) 838-6956

tricia@triciacoury.com

Eric Coury

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Eric Coury

Realtor - Team Manager

+1(508) 838-6956

eric@thecouryteam.com

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Scott Garcia

Home Buyer Specialist

+1(508) 821-8160

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Nathaly Castillo

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