501 Spring Street, Newport, Rhode Island 02840
Listed By William Raveis Inspire
The Multi Family Home for Sale located at Newport, Rhode Island 02840 is currently for sale. Newport, Rhode Island 02840 is listed for $1,875,000. This property has 10 bedrooms, 6 bathrooms, Marina Club features. If the property located at Newport, Rhode Island 02840 isn't what you're looking for, visit https://www.rilivingglobal.com to see other Multi Family Homes for Sale in Newport .
Date Updated : Aug 7, 2025
MLS#: 1391997
$1,875,000 USD
- TypeMulti Family Home
- Bedrooms10
- Bathrooms6
- Home/Lot size
378 m² (4,068 ft²)
Property features
Key features
- Marina Club
Construction details
- Year built: 1900
Other features
- Property features: Basement Garage
- Appliances: Gas Water Heater Oven / Range Washer Microwave Refrigerator Dryer Dishwasher
- Heating system: Natural Gas Oil Forced Air
Area
- Property size:
378 m² (4,068 ft²) - Land/Lot size:
363 m² (3,912 ft²) - Bedrooms: 10
- Bathrooms: 6
- Total rooms: 16
Description
Large 3-family in downtown Newport. This buildings combination of size, location, parking, and rentability make it a great asset for anyone's Real Estate portfolio.
This building encompases three large apartments for a total of 10 beds, 6 baths, and 6 parking spots. The 1st floor is a 3 bed 2 bath and it's kitchen is renovated. The 2nd floor is a 3 bed 2 bath and it has a renovated bathroom. The 3rd floor is a 4 bed 2 bath and it has a renovated kitchen, as well as charming sky lights and exposed beams. All three apartments come with 2 parking spots, hardwood floors, and the furniture in the units. All apartments have been fully rented for the past decade and are currently rented through May 2026, making this property is perfectly positioned for investors looking to capitalize on Newports dynamic market.
Location
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.