OFF MARKET

Off Market Jul 2022 for $1.3M

$1,817,739

•

3,256

sq ft

382 Spring St, Newport, RI 02840

About this home

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.

Multi-familyProperty Type

1870Year Built

5,663 sq ftLot Size

$558Est. Price/Sq.Ft.

5 car garageParking

Listed by Justin Gallant • J.E. Group Properties

Bought with Olivia White • BHHS Commonwealth Real Estate

Redfin checked: a minute ago

•Source:RIS #1300327

Redfin Estimate

$1,817,739

$468K since sold in July 2022$1,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 8.9% higher than the average sale price ($1.67M) of 6 comparable homes.

SOLD MAR 23, 2026
$1,875,000
A
5 beds3.5 baths2,930 sq ft
604 Thames & 4 Dixon St, Newport, RI 02840
SOLD JUL 1, 2026
$1,700,000
B
4 beds3.5 baths2,187 sq ft
4 Atlantic St, Newport, RI 02840
SOLD JUN 3, 2026
$1,300,000
C
4 beds3.5 baths2,186 sq ft
60 Prospect Hill St, Newport, RI 02840
SOLD JUL 24, 2026
$1,810,000
D
6 beds3.5 baths3,010 sq ft
22 Farewell St, Newport, RI 02840
SOLD MAY 15, 2026
$1,625,000
E
4 beds3.5 baths2,756 sq ft
28 30 John St, Newport, RI 02840
SOLD APR 17, 2026
$1,705,000
F
4 beds3.5 baths2,440 sq ft
17 Old Beach Rd, Newport, RI 02840

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Earn from this home

Sell

$715,316

Est. take-home

List your home with Redfin and save $18,177

Market trends in 02840, RI

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.0%

+0.4% MoM

Median sale price

$969K

$37K MoM

Avg. days on market

36d

1 days MoM

Recently sold homes

4 MoM

New listings for sale

OPEN SAT, 11AM TO 12:30PM
$699,000
3 beds2 baths906 sq ft
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OPEN SAT, 11AM TO 12:30PM
$425,000
1 bed1 bath869 sq ft
85 Mill St #3, Newport, RI 02840
NEW 9 HRS AGO
$995,000
4 beds2 baths2,260 sq ft
7 8 Warner Pl, Newport, RI 02840
COMING SOON
$4,950,000
4 beds4 baths3,529 sq ft
119 Spring St, Newport, RI 02840
OPEN SUN, 11AM TO 12:30PM
$1,475,000
3 beds2.5 baths1,743 sq ft
72 Third St, Newport, RI 02840
OPEN SAT, 10AM TO 11:30AM
$1,299,000
6 beds4 baths2,596 sq ft
31 Prescott Hall Rd, Newport, RI 02840
NEW 32 HRS AGO
$1,200,000
4 beds2 baths1,305 sq ft
31 Slocum St, Newport, RI 02840
OPEN SAT, 10AM TO 11:30AM
$1,050,000
2 beds1 bath1,200 sq ft
453 Bellevue Ave Unit CH, Newport, RI 02840
OPEN SAT, 10AM TO 11:30AM
$624,900
3 beds1.5 baths1,175 sq ft
19 Princeton St, Newport, RI 02840
OPEN SAT, 10AM TO 11:30AM
$584,900
3 beds1 bath1,175 sq ft
21 Princeton St, Newport, RI 02840
See all

Provided by Redfin

Sale history for 382 Spring St

Date

Event

Price

RIS #1350959

Jan 18, 2025

Rental Removed

$2,950

$1/sq ft

Jan 23, 2024

Listed for Rent

$2,000

$1/sq ft

RIS #1367003

Oct 29, 2024

Rental Removed

$2,950

$1/sq ft

Aug 23, 2024

Listed for Rent

$2,950

$1/sq ft

RIS #1350964

Jan 23, 2024

Rental Removed

$2,400

$1/sq ft

Jan 12, 2024

Listed for Rent

$2,400

$1/sq ft

RIS #1345590

Nov 15, 2023

Listing Removed

—

Oct 19, 2023

Price Changed

$1,700,000

$522/sq ft

Oct 10, 2023

Listed

$1,800,000

$553/sq ft

RIS #1300327

Jul 6, 2022

Sold

$1,350,000

$415/sq ft

Jun 3, 2022

Pending

—

May 12, 2022

Price Changed

$1,550,000

$476/sq ft

Apr 10, 2022

Price Changed

$1,650,000

$507/sq ft

Apr 9, 2022

Relisted

—

Mar 29, 2022

Contingent

—

Mar 14, 2022

Price Changed

$1,700,000

$522/sq ft

Dec 20, 2021

Listed

$1,750,000

$537/sq ft

RIS #1283098

Sep 1, 2021

Listing Removed

—

Jun 2, 2021

Listed

$1,770,000

$544/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$10,619

$442,500 + $1,036,400

$1,478,900

2024

$442,500 + $1,036,400

$1,478,900

2023

$289,200 + $432,700

$721,900

2022

$289,200 + $430,800

$720,000

2021

$289,200 + $430,800

$720,000

2020

$287,200 + $270,600

$557,800

2019

$287,200 + $270,600

$557,800

2018

$287,200 + $270,600

$557,800

2017

$164,400 + $364,900

$529,300

2016

$164,400 + $364,900

$529,300

2015

$164,400 + $364,900

$529,300

2014

$139,700 + $349,000

$488,700

2013

$139,700 + $349,000

$488,700

2012

$139,700 + $349,000

$488,700

Tax history for 382 Spring St

Year

Property tax

Land + Additions

Assessment*

2025

$10,619

$442,500 + $1,036,400

$1,478,900

2024

$442,500 + $1,036,400

$1,478,900

2023

$289,200 + $432,700

$721,900

2022

$289,200 + $430,800

$720,000

2021

$289,200 + $430,800

$720,000

2020

$287,200 + $270,600

$557,800

2019

$287,200 + $270,600

$557,800

2018

$287,200 + $270,600

$557,800

2017

$164,400 + $364,900

$529,300

2016

$164,400 + $364,900

$529,300

2015

$164,400 + $364,900

$529,300

2014

$139,700 + $349,000

$488,700

2013

$139,700 + $349,000

$488,700

2012

$139,700 + $349,000

$488,700

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

Public record

Public record
Permits

Beds

—

Baths

3.5

Stories

Lot width

—

Lot depth

—

Lot size

5,663 Sq. Ft.

Year renovated

1981

Sq. Ft.

3,256

Year built

1870

Style

Other

County

Newport County

APN

363396

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 22, 2026.

Aug 15, 2025 • Active

Building

Finish the installation of siding and remove and replace windows on the building.

Remodel

Jun 28, 2025 • Final

Building

Remove existing siding, windows, room trim, and corner boards. Install new PVC trim.

Remodel

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Garage/Carport Information
Has Garage
# of Garage Spaces: 5

Parking
Features: Detached, Garage
# of Parking (Total): 11
# of Covered Spaces: 5

Interior

Virtual Tour

Bathroom Information
# of Full Bathrooms: 3
# of Half Bathrooms: 1

Room Information
# of Rooms (Total): 16
Has Basement
Basement Information: Interior Entry, Partial, Partially Finished

Equipment
Appliances: Oven, Oil Water Heater, Range, Refrigerator

Interior Features
Flooring: Ceramic Tile, Hardwood

Exterior

Building Information
Construction Details: Drywall, Plaster, Clapboard

Exterior Features
Exterior Features: Paved Driveway

Lot Information
Lot Size Area: 5,663
Lot Size Acres: 0.13
Waterfront Features: Walk to Water

Property Information
Has View
Above Grade Finished Area: 3,256
Foundation Details: Concrete Perimeter, Stone

Financial

Assessments and Fees
Assessed Value: $720,000

Tax Information
Annual Tax Amount: $6,717.60
Tax Year: 2021

Utilities

Utility Information
Utilities: Sewer Connected
Electric: 100 Amp Service
Sewer: Connected
Water Source: Connected

Heating & Cooling
Has Heating
Heating: Hot Water, Oil

Location

Multi Unit Information
# Of Units Total: 4
# Of Buildings: 2

Community Information
Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Sidewalks

Public facts

Beds: —
Baths: 3.5
Sq. Ft.: 3,256
Stories: 3.0
Lot Size: 5,663 square feet
Style: Other
Year Built: 1870
Year Renovated: 1981
County: Newport County
APN: 363396

Home facts updated by county records on Jun 22, 2026

Around this home

Schools

Frank E. Thompson Middle School

Public 5-8 • Assigned • 0.8mi

3/10

Rogers High School

Public 9-12 • Assigned • 0.9mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

Flood Factor

We're working on getting current and accurate flood risk information for this home.

Fire Factor

We're working on getting current and accurate fire risk information for this home.

6/10 Heat Factor

7 hot days expected this year, 17 days in 30 years

Wind Factor

We're working on getting current and accurate wind risk information for this home.

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

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Estimated sale price

$1.73M – $2.09M

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New listings for sale in 02840

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NEW 9 HRS AGO

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OPEN SUN, 11AM TO 12:30PM

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OPEN SAT, 10AM TO 11:30AM

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NEW 32 HRS AGO

$1,200,000

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OPEN SAT, 10AM TO 11:30AM

$1,050,000

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OPEN SAT, 10AM TO 11:30AM

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Home values near 382 Spring St

Data from public records.

Address	Redfin Estimate
379 Spring Street, Newport, RI 3 Beds \| 3.5 Baths \| 2080 Sq. Ft.	$1,746,403
371 Spring Street, Newport, RI 2 Beds \| 1.5 Baths \| 1781 Sq. Ft.	$1,043,551

Address	Redfin Estimate
374 Spring Street, Newport, RI 5 Beds \| 2 Baths \| 3444 Sq. Ft.	$1,179,250
392 Spring Street, Newport, RI 4 Beds \| 1 Baths \| 2062 Sq. Ft.	$899,231

Address	Redfin Estimate
387 Spring Street, Newport, RI 3 Beds \| 2.5 Baths \| 2764 Sq. Ft.	$2,010,243
378 Spring Street, Newport, RI 4 Beds \| 5.5 Baths \| 3369 Sq. Ft.	$2,309,306

Property information provided by RIS when last listed in 2021. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 02840, RI

Sale history for 382 Spring St

Tax history for 382 Spring St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 02840

Home values near 382 Spring St

More real estate resources