Located in the heart of Newport, this property can continue to be the great investment property it has been for generations, or it could become a new family compound. Its present use is 3 residential rental units plus 1 commercial space which houses an active cafe and sandwich shop. At the rear of the property is a separate structure with 5 garage bays. There is plenty of parking on the premises as well as adequate off-street parking out front. Two of the residential units are currently rented - the owners have held off renting the third leaving it for the new owner to decide. Hardwood floors are throughout the building keeping up with the charm of the 1870 built home. Future plans could include an expansion over the garage bays or conversion back to a single-family home. The possibilities for the property are truly endless all while continuing to have great income generating investment potential.
Source: School Digger
Source: Public Records
Source: Sperling's Best Places
89/100
Walk Score ®
29/100
Transit Score ®
61/100
Bike Score ®
6 nearby routes: 6 bus, 0 rail, 0 other
The average walkability score in the surrounding area is Walk Score: 28/100, Transit Score: 7/100, Bike Score: 35/100.
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Source: Realty.com
382 Spring Street, Newport, RI 02840 is a Multi Family, Residential Income property listed for $1,550,000 The property is 3256 sq. ft with 8 bedrooms and 4 bathrooms
Realty.com has 49 photos of 382 Spring Street.
Our records indicate that 382 Spring Street was built in 1870.
The full address for this home is 382 Spring Street, Newport, RI 02840.
382 Spring Street has been listed on Realty.com since Mon December 20, 2021
Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 28/100, Transit Score: 7/100, Bike Score: 35/100.
There are 3 schools assigned to this home. Check out the schools near 382 Spring Street. Claiborne Pell Elementary School (Grades: PK - 4), Frank E. Thompson Middle School (Grades: 5 - 8), Newport Area Career And Technical Center (Grades: 9 - 12)
Listing provided courtesy of:
J.e. Group Properties
(tel: 401-742-0958)
Listing agent:
Justin Gallant
(tel: 401-742-0958)
(#36424)
This content last refreshed on 2025-12-20 02:53:26. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 382 Spring Street, Newport, RI 02840 : MLS# 1300327
