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113-115 Spring St, Newport, RI 02840 113-115 Spring St

2 Unit Block of Flats £1,084,870 (£542,435/Unit) Newport, RI 02840

Investment Highlights

  • Heart of Newport
  • High versatility for varies commercial/residential utilization
  • Heavy foot traffic

Executive Summary

Prime mixed-use property in the heart of Newport, RI, offering exceptional residential and commercial potential on lively Spring Street. Just steps from Thames Streets world-class restaurants, boutiques, and historic attractions, this property features a cozy 2-bedroom, 1-bath top-floor apartment with functional living spaces that provide a warm and welcoming retreat, plus a versatile first-floor commercial space, currently a locksmith shop with a half bath. A rare private backyard offers a serene escape, perfect for relaxing or entertaining. Bring your ideas. The property is full of possibilities and could be tailored to suit your vision. With a little updating, this gem can truly shine. Dont miss this unique opportunity to own a property that combines comfort, commercial flexibility, and an unbeatable location. Schedule a showing today

Property Facts

Price £1,084,870
Price Per Unit £542,435
Sale Type Investment
No. Units 2
Property Type Residential
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Lot Size 0.07 AC
Building Size 1,994 SF
Number of Floors 2
Year Built 1900

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 2 - -
Walk Score ®
Walker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NEWP-000024-000000-000123
Land Assessment
£227,314
Improvements Assessment
£227,235
Total Assessment
£454,549

zoning

Zoning Code GB (Comerical and residential)
GB (Comerical and residential)
  • Listing ID: 34135428

  • Date on Market: 09/12/2024

  • Last Updated:

  • Address: 113-115 Spring St, Newport, RI 02840

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