This home's estimate is 24% lower than the average sale price ($1.78M) of 6 comparable homes.
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21 Spring St, Newport, RI 02840
About this home
Exceptionally sited in downtown Newport and within the General Business zone is this historical and unique mixed-use offering. Located just steps out your front door to the restaurants and shops of Broadway and minutes to Washington Square, Newport Harbor this 3 unit property is a great investment. The first floor is comprised of a large and bright open concept office space featuring period detail, high ceilings, conference space private bath and kitchenette. Opportunity exists to divide into 2 spaces if desired. The apartments above are accessed via large shared deck space overlooking the historic garden next door and tucked back from the street for privacy. Unit 2 is a spacious and charming 1 bedroom, 1 full bath apartment featuring flexible floorplan, large sunny living room with beautiful decorative fireplace and kitchen with generously sized storage pantry. Unit 3 is a bright and welcoming 2 bedroom, 1 full bath apartment with original hardwood flooring and paneled ceiling. Strong rental history and tenants in place make this an inviting and turnkey investor opportunity to immediately start generating income while retaining the flexibility to live or work on site in the future.
Redfin Estimate
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Market trends in 02840, RI
Last updated August 2026
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Sale history for 21 Spring St
$214/sq ft
$248/sq ft
$276/sq ft
$132/sq ft
$148/sq ft
$86/sq ft
$95/sq ft

LOCATED ON CORNER OF SPRING AND STONE STREETS. 2 STORE FRONTS AND 2 APARTMENTS. SELLER WILL HOLD MORTGAGE AT 7% WITH 25% DOWN.
Tax history for 21 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
Property details
Parking
- Parking
- Features: No Garage
Interior
- Bathroom Information
- # of Full Bathrooms: 3
- Room Information
- # of Rooms (Total): 12
- Has Basement
- Basement Information: Exterior Entry, Interior Entry, Partial, Unfinished
- Fireplace Information
- Has Fireplace
- # of Fireplaces: 1
- Equipment
- Appliances: Dishwasher, Gas Water Heater, Oven, Range, Refrigerator
- Interior Features
- Flooring: Ceramic Tile, Hardwood, Laminate
- Other Features: Bathtub, Tub Shower, Cable TV
Exterior
- Building Information
- Stories (Total): 3
- Construction Details: Drywall, Plaster, Clapboard, Wood Siding
- Exterior Features
- Exterior Features: Deck
- Patio And Porch Features: Deck
- Lot Information
- Lot Size Area: 1,122
- Lot Size Acres: 0.0258
- Lot Features: Corner Lot
- Waterfront Features: Walk to Water
- Zoning: GB
- Property Information
- Above Grade Finished Area: 3,966
- Foundation Details: Combination
Financial
- Assessments and Fees
- Assessed Value: $391,900
- Tax Information
- Annual Tax Amount: $4,020
- Tax Year: 2021
Utilities
- Utility Information
- Utilities: Sewer Connected, Water Connected
- Electric: 100 Amp Service
- Sewer: Connected, Public Sewer
- Water Source: Connected, Public
- Heating & Cooling
- Has Heating
- Heating: Gas
Location
- Multi Unit Information
- # Of Units Total: 3
- # Of Buildings: 1
- Community Information
- Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Shopping
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: 2,890
- Stories: 3.0
- Lot Size: 1,307 square feet
- Style: Other
- Year Built: 1860
- Year Renovated: 1978
- County: Newport County
- APN: 361607
Around this home
Schools
Public 5-8 • Assigned • 0.1mi
Public 9-12 • Assigned • 1.6mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
We're working on getting current and accurate flood risk information for this home.
We're working on getting current and accurate fire risk information for this home.
7 hot days expected this year, 18 days in 30 years
We're working on getting current and accurate wind risk information for this home.
2 unhealthy days expected this year, 2 days in 30 years
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Nearby similar homes
New listings for sale in 02840
Home values near 21 Spring St
| Address | Redfin Estimate |
|---|---|
4 Beds | 3 Baths | 2523 Sq. Ft. | $1,340,394 |
3 Beds | 2.5 Baths | 2370 Sq. Ft. | $1,294,301 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2.5 Baths | 2323 Sq. Ft. | $1,560,763 |
3 Beds | 2 Baths | 923 Sq. Ft. | $651,727 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 3 Baths | 2387 Sq. Ft. | $1,095,614 |
3 Beds | 2 Baths | 944 Sq. Ft. | $683,371 |
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