$2,200,000

130 Spring St Newport, RI 02840

$10,000
Closing credit¹
9 beds
5 full
0.2 acres
Multi-Family

Property details

About 130 Spring St

130-132 Spring St is a classic historic Newport building in the heart of downtown with two 1st floor retail spaces combined and 4 residential apartments upstairs. The building is fully occupied and has 5 parking space. Use is versatile since it is located in a general business zone. Kitchens and baths have been updated, the building exterior was just painted in August 2024. Two of the units are turnkey with furnishings too. Strong rental history and also a solid candidate for a condo conversion. Steps away from all the bustling activity.

Highlights

Home typeMulti Family
HeatingCentral, Electric, Forced Air, Natural Gas, Other, Space Heater(s), Zoned
StatusActive
CoolingNone, Wall Unit(s), Central Air
Lot size0.17 Acres
Year built1849
ParkingNo Garage
MLS #1366507

Summary

  • Full Bathrooms: 5
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Water Heater, Washer
  • Basement: No
  • Flooring Type: Hardwood
  • Interior: Bathtub, Stall Shower, Tub Shower, Furnished
  • Fireplace: None
  • Total Bedroom Count: 9
  • Parking: No Garage
  • Heating: Central, Electric, Forced Air, Natural Gas, Other, Space Heater(s), Zoned
  • Cooling: None, Wall Unit(s), Central Air
  • List Price: $2,200,000
  • Lot: Corner Lot
  • Year Built: 1849
  • Lot Size: 0.17 Acres
  • MLS Number: 1366507
  • MLS Name: RIS
  • Office Name: Teri Degnan RE & Consulting
  • Office Phone: (401) 619-8222
  • Office Email: teri@teridegnan.com

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/19/2025, 9:20:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$2,200,000

130 Spring St

$10,000

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

4

Claiborne Pell Elementary School

Public District PK-4

1.5 mi

35 Dexter St

5

Joseph Gaudet Academy

Public District 4-4

2.8 mi

1113 Aquidneck Ave

7

Melrose Avenue School

Public District PK-4

3.6 mi

76 Melrose Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $61,111. The majority of Newport, RI residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

30%
<35k
48%
35k-100k
16%
100k-200k
6%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

70%
Single, No Kids
4%
Single, with Kids
19%
Married, No Kids
7%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
2%
12-17 yrs old
31%
18-34 yrs old
44%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • Yoga/pilatesYoga/pilates
  • Symphony or OperaSymphony or Opera
  • Continuing Education CoursesContinuing Education Courses

Where do the neighbors shop?

  • H&MH&M
  • Chico'sChico's
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • Boston MarketBoston Market
  • QdobaQdoba

What do the neighbors drive?

  • AudiAudi
  • VolvoVolvo
  • VolkswagenVolkswagen

What do the neighbors listen to?

  • AlternativeAlternative
  • Talk/PersonalityTalk/Personality
  • Urban ContemporaryUrban Contemporary
All data provided by Home Junction and Claritas

Frequently asked questions

Living in Newport, RI

Newport's transportation infrastructure supports both private and public transit options, with a network of roads and bridges connecting the city to the rest of Rhode Island and beyond. Public transportation services are available, providing connections to key areas within the city and to neighboring communities. The city is also bike-friendly, with several designated paths and lanes. For those without a vehicle, ride-sharing services are a popular choice for getting around.

The community benefits from a robust educational system, with a number of public and private schools providing a range of educational opportunities. Healthcare services are comprehensive, with local hospitals and clinics offering a variety of medical care options. Newport's public library system serves as a valuable resource for residents, and the city's array of shops and restaurants reflects the local culture, with an emphasis on seafood and coastal cuisine.

Newport is celebrated for its vibrant history and maritime culture, with the community taking pride in its well-preserved architecture and famous seaside attractions. The city's character is further enriched by annual events such as the Newport Jazz Festival and the Newport International Boat Show, which draw visitors from around the world and contribute to the area's lively atmosphere.

Newport's housing market is characterized by a blend of historic charm and modern luxury, with a significant presence of colonial and Victorian-style homes that reflect the city's rich history. The housing landscape is diverse, offering a mix of single-family homes, apartments, and townhouses. While the majority of homes are owner-occupied, there is also a substantial rental market catering to the city's seasonal population and year-round residents alike.

About 130 Spring St

This home is located at 130 Spring St in Newport, RI and zip code 02840. Features: 9 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $2,200,000.

Newport, RI housing market in April 2025 saw over 2 listings sold above listed price, more than 4 sold at listed price and over 12 sold below. The inventory of homes for sale in Newport, RI between March and April 2025 increased by 40.6%. While the average time on the market in April 2025 was 45 days, the median list price was $925,000.

From Rocket Homes Real Estate and based on county public records data.

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