OFF MARKET

Off market nov 2017 for $660K

—

•

4,385

sq ft

118 122 Spring St, Newport, RI 02840

About this home

Opportunity Awaits at 118-122 Spring St. on Historic Hill in Newport. This 4 Family Investment Property has Stellar Rental History and is Located in the Center of Downtown. Plenty of Character & History and is located in the center of Downtown. 2 Outdoor Areas. All Heating Systems have been replaced within 7 Years. Separate Utilities. Newly Painted. Fire Systems up to code. Air B & B Potential and Seasonal Rental Opportunity.

Multi-familyProperty Type

1850Year Built

2,836 sq ftLot Size

$151Price/Sq.Ft.

Listed by Kyle Luderer • Keller Williams Coastal

Bought with Kyle Luderer • Keller Williams Coastal

Redfin checked: 2 minutes ago

•Source:RIS #1171105

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 02840, RI

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.1%

1.0% MoM

Median sale price

$1.0M

$59K MoM

Avg. days on market

46d

10 days MoM

Recently sold homes

6 MoM

New listings for sale

NEW 24 HRS AGO
$4,500,000
3 beds3 baths2,411 sq ft
26 Brown And Howard #206, Newport, RI 02840
NEW 24 HRS AGO
$499,000
3 beds1 bath1,297 sq ft
1 Leal Ter, Newport, RI 02840
OPEN SUN, 1PM TO 3PM
$1,550,000
4 beds3.5 baths2,086 sq ft
10 12 Champlin St #10, Newport, RI 02840
$749,000
4 beds2 baths3,978 sq ft
7 Princeton St, Newport, RI 02840
$1,795,000
2 beds2.5 baths1,741 sq ft
157 Harrison Ave #7, Newport, RI 02840
HOT HOME
$719,000
3 beds1.5 baths1,182 sq ft
1 Russell Ave, Newport, RI 02840
$999,990
2 beds2 baths1,129 sq ft
1314 Capella South #1314, Newport, RI 02840
10 Hammond St, Newport, RI 02840
$1,150,000
6 beds3 baths2,128 sq ft
10 Hammond St, Newport, RI 02840
$3,300,000
4 beds4.5 baths2,883 sq ft
50 School St #8, Newport, RI 02840
$399,000
4 beds1 bath1,472 sq ft
54 Homer St, Newport, RI 02840
See all

Provided by Redfin

Sale history for 118 122 Spring St

Tax history for 118 122 Spring St

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

3,049 Sq. Ft.

Year renovated

1982

Sq. Ft.

5,141

Year built

1850

Style

Multi-Family (5+ Unit)

County

Newport County

APN

362365

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 22, 2026.

Property details

Parking

Parking
Features: No Garage

Interior

Bathroom Information
# of Full Bathrooms: 5

Room Information
# of Rooms (Total): 18
Has Basement
Basement Information: Partial, Unfinished

Laundry Information
Features: Common Area

Equipment
Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer

Interior Features
Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet
Other Features: Tub Shower

Multi Unit Information
# Of Units Total: 4
# Of Buildings: 1

Multi Unit Financial Information
Operating Expense: $35,750

Exterior

Building Information
Stories (Total): 3
Construction Details: Plaster, Clapboard, Shingle Siding

Exterior Features
Exterior Features: Patio
Patio And Porch Features: Patio

Lot Information
Lot Size Area: 2,836
Lot Size Acres: 0.07
Waterfront Features: Walk to Water
Zoning: GB

Property Information
Above Grade Finished Area: 4,385
Foundation Details: Combination

Financial

Assessments and Fees
Assessed Value: $442,400

Tax Information
Annual Tax Amount: $6,707
Tax Year: 2016

Utilities

Utility Information
Utilities: Sewer Connected
Electic On Property
Electric: 200+ Amp Service, Circuit Breakers
Sewer: Connected
Water Source: Connected

Heating & Cooling
Has Cooling
Cooling: 1 Unit
Has Heating
Heating: Baseboard, Gas, Hot Water, Oil

Location

Community Information
Community Features: Marina, Recreation Area, Shopping, Tennis Court(s), Sidewalks

Public facts

Beds: 6
Baths: 4.0
Sq. Ft.: 5,141
Stories: 2.0
Lot Size: 3,049 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1850
Year Renovated: 1982
County: Newport County
APN: 362365

Home facts updated by county records on Jun 22, 2026

Around this home

Schools

Frank E. Thompson Middle School

Public 5-8 • Assigned • 0.3mi

3/10

Rogers High School

Public 9-12 • Assigned • 1.4mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 89° expected this year, 17 days in 30 years

8/10 Wind Factor

80% chance of strong winds in next 30 years

2/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Newport, RI • 02840

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9 hours in June and 4.6 hours in December, which is comparable to the U.S. average for solar exposure.

9 hrs

4.6 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 02840

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NEW 24 HRS AGO

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OPEN SUN, 1PM TO 3PM

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Home values near 118 122 Spring St

Data from public records.

Address	Redfin Estimate
119 Spring Street, Newport, RI 4 Beds \| 4 Baths \| 3529 Sq. Ft.	—
112 Spring Street, Newport, RI 7 Beds \| 3 Baths \| 2800 Sq. Ft.	$1,500,444

Address	Redfin Estimate
128 Spring Street, Newport, RI 3 Beds \| 1.5 Baths \| 1890 Sq. Ft.	$814,844
122 Spring Street #118A, Newport, RI 2 Beds \| 1 Baths \| 677 Sq. Ft.	$627,508

Address	Redfin Estimate
132 Spring Street, Newport, RI 8 Beds \| 5 Baths \| 6330 Sq. Ft.	—
122 Spring Street #120B, Newport, RI 4 Beds \| 2 Baths \| 1287 Sq. Ft.	$988,262

Property information provided by RIS when last listed in 2017. This data may not match . Learn more.

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