OFF MARKET

Off Market Sep 2017 for $698K

$1,436,021

•

2,660

sq ft

427 Spring St, Newport, RI 02840

About this home

The perfect turnkey investment opportunity is here! Located on Spring St. just a short stroll to downtown Newport and harborfront. Currently fully rented for TOP DOLLAR Summer 2017 and Sept-May 2017/18. Also, a rock solid rental history. Walk right into an income generating property that is a perennial favorite of students and summer renters alike! Rare 8 bedroom property allowing for greater rental potential. New fencing, yard, convenient and ample on street parking, full basement and a beautifully first floor owner's unit. While some properties may promise potential, this one delivers.

Multi-familyProperty Type

1900Year Built

3,940 sq ftLot Size

$540Est. Price/Sq.Ft.

Listed by Jason Brown • Kavanaugh Grant Real Estate

Bought with Kevan Campbell • Hogan Associates Christie's

Redfin checked: 11 minutes ago

•Source:RIS #1161070

Redfin Estimate

$1,436,021

$738K since sold in September 2017$72K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 4% higher than the average sale price ($1.38M) of 6 comparable homes.

SOLD MAR 3, 2026
$1,350,000
A
6 beds3 baths2,613 sq ft
27 Dean Ave, Newport, RI 02840
SOLD DEC 30, 2025
$1,410,000
B
6 beds3 baths2,828 sq ft
28 Young St, Newport, RI 02840
SOLD DEC 23, 2025
$1,515,000
C
5 beds4 baths2,448 sq ft
13 Dean Ave, Newport, RI 02840
SOLD JUN 3, 2026
$1,300,000
D
4 beds3.5 baths2,186 sq ft
60 Prospect Hill St, Newport, RI 02840
SOLD JUL 1, 2026
$1,700,000
E
4 beds3.5 baths2,187 sq ft
4 Atlantic St, Newport, RI 02840
SOLD JUN 1, 2026
$1,010,000
F
4 beds3 baths2,470 sq ft
3 Vicksburg Pl, Newport, RI 02840

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Earn from this home

Sell

$898,509

Est. take-home

List your home with Redfin and save $14,360

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

NEW 4 HRS AGO
$899,000
2 beds1.5 baths1,015 sq ft
19 1/2 Third St, Newport, RI 02840
NEW 24 HRS AGO
$3,500
1 bed2 baths750 sq ft
65 Ridge Rd, Newport, RI 02840
$699,000
3 beds2 baths906 sq ft
85 Mill St #2, Newport, RI 02840
$425,000
1 bed1 bath869 sq ft
85 Mill St #3, Newport, RI 02840
$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
$1,299,000
6 beds4 baths2,596 sq ft
31 Prescott Hall Rd, Newport, RI 02840
$1,200,000
4 beds2 baths1,305 sq ft
31 Slocum St, Newport, RI 02840
OPEN SUN, 11AM TO 12:30PM
$1,050,000
2 beds1 bath1,200 sq ft
453 Bellevue Ave Unit CH, Newport, RI 02840
See all

Provided by Redfin

Sale history for 427 Spring St

Date

Event

Price

RIS #1161070

Sep 21, 2017

Sold

$698,000

$262/sq ft

Sep 15, 2017

Pending

—

Jul 28, 2017

Contingent

—

Jul 21, 2017

Price Changed

$715,000

$269/sq ft

May 19, 2017

Listed

$749,000

$282/sq ft

RIS #317215

Nov 8, 2016

Price Changed

$560,000

$211/sq ft

Oct 18, 2004

Listing Removed

—

Oct 18, 2003

Listed

$585,000

$220/sq ft

RIS #938960

Dec 18, 2009

Sold

$400,000

$150/sq ft

May 28, 2009

Listing Removed

—

Apr 30, 2009

Listed

$399,000

$150/sq ft

RIS #853212

Feb 27, 2009

Listing Removed

—

Sep 11, 2008

Listed

$539,000

$203/sq ft

RIS #107596

Jul 3, 2001

Sold

$385,000

$145/sq ft

Jun 1, 2001

Listing Removed

—

May 22, 2001

Listed

$275,000

$103/sq ft

RIS #913754

Sep 29, 1999

Sold

$185,000

$70/sq ft

Aug 31, 1999

Listing Removed

—

Aug 13, 1999

Listed

$195,000

$73/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$8,308 (+5.7%)

$349,000 + $607,100

$956,100

2024

$7,859 (+29.5%)

$349,000 + $607,100

$956,100

2023

$6,069 (+3.2%)

$228,100 + $383,700

$611,800

2022

$5,879 (+3.0%)

$228,100 + $383,700

$611,800

2021

$5,708 (+9.9%)

$228,100 + $383,700

$611,800

2020

$5,193

$217,800 + $287,400

$505,200

2019

$5,193 (+2.9%)

$217,800 + $287,400

$505,200

2018

$5,047 (+8.7%)

$217,800 + $287,400

$505,200

2017

$4,643 (+2.6%)

$155,800 + $258,400

$414,200

2016

$4,527 (+2.4%)

$155,800 + $258,400

$414,200

2015

$4,420 (+11.1%)

$155,800 + $258,400

$414,200

2014

$3,977 (+3.0%)

$132,400 + $197,400

$329,800

2013

$3,862 (+3.1%)

$132,400 + $197,400

$329,800

2012

$3,747

$132,400 + $197,400

$329,800

Tax history for 427 Spring St

Year

Property tax

Land + Additions

Assessment*

2025

$8,308 (+5.7%)

$349,000 + $607,100

$956,100

2024

$7,859 (+29.5%)

$349,000 + $607,100

$956,100

2023

$6,069 (+3.2%)

$228,100 + $383,700

$611,800

2022

$5,879 (+3.0%)

$228,100 + $383,700

$611,800

2021

$5,708 (+9.9%)

$228,100 + $383,700

$611,800

2020

$5,193

$217,800 + $287,400

$505,200

2019

$5,193 (+2.9%)

$217,800 + $287,400

$505,200

2018

$5,047 (+8.7%)

$217,800 + $287,400

$505,200

2017

$4,643 (+2.6%)

$155,800 + $258,400

$414,200

2016

$4,527 (+2.4%)

$155,800 + $258,400

$414,200

2015

$4,420 (+11.1%)

$155,800 + $258,400

$414,200

2014

$3,977 (+3.0%)

$132,400 + $197,400

$329,800

2013

$3,862 (+3.1%)

$132,400 + $197,400

$329,800

2012

$3,747

$132,400 + $197,400

$329,800

*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

Stories

Lot width

—

Lot depth

—

Lot size

2,178 Sq. Ft.

Year renovated

1997

Sq. Ft.

2,660

Year built

1900

Style

Multi-Family (2-4 Unit)

County

Newport County

APN

251122

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 22, 2026.

Property details

Parking

Parking
Features: No Garage

Interior

Virtual Tour

Bathroom Information
# of Full Bathrooms: 3

Room Information
# of Rooms (Total): 14
Has Basement
Basement Information: Full, Unfinished

Laundry Information
Features: Common Area

Equipment
Appliances: Dishwasher, Electric Water Heater, Oven, Range, Refrigerator

Interior Features
Flooring: Hardwood, Vinyl, Carpet
Other Features: Attic, Bathtub

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

Multi Unit Financial Information
Operating Expense: $9,000

Exterior

Building Information
Stories (Total): 3
Construction Details: Drywall, Plaster, Vinyl Siding

Exterior Features
Fencing: Fenced

Lot Information
Lot Size Area: 3,940
Lot Size Acres: 0.09
Waterfront Features: Walk to Water
Zoning: R10

Property Information
Above Grade Finished Area: 2,660

Financial

Assessments and Fees
Assessed Value: $414,200

Tax Information
Annual Tax Amount: $4,528
Tax Year: 2017

Utilities

Utility Information
Utilities: Sewer Connected
Electic On Property
Electric: 100 Amp Service, Circuit Breakers
Sewer: Connected
Water Source: Connected

Heating & Cooling
Has Heating
Heating: Baseboard, Oil

Location

Community Information
Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Shopping, Sidewalks

Public facts

Beds: 6
Baths: 3.0
Sq. Ft.: 2,660
Stories: 3.0
Lot Size: 2,178 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: 1997
County: Newport County
APN: 251122

Home facts updated by county records on Jun 22, 2026

Around this home

Schools

Frank E. Thompson Middle School

Public 5-8 • Assigned • 0.9mi

3/10

Rogers High School

Public 9-12 • Assigned • 0.8mi

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 90° 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

Estimated sale price

$1.37M – $1.65M

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Nearby similar homes

$995,000

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28 Ludlow Rd, Middletown, RI 02842

VIDEO TOUR

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OPEN SUN, 11AM TO 1PM

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New listings for sale in 02840

NEW 4 HRS AGO3D WALKTHROUGH

$899,000

2 beds1.5 baths1,015 sq ft

19 1/2 Third St, Newport, RI 02840

NEW 24 HRS AGO

$3,500

1 bed2 baths750 sq ft

65 Ridge Rd, Newport, RI 02840

$699,000

3 beds2 baths906 sq ft

85 Mill St #2, Newport, RI 02840

$425,000

1 bed1 bath869 sq ft

85 Mill St #3, Newport, RI 02840

$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

$1,299,000

6 beds4 baths2,596 sq ft

31 Prescott Hall Rd, Newport, RI 02840

$1,200,000

4 beds2 baths1,305 sq ft

31 Slocum St, Newport, RI 02840

Home values near 427 Spring St

Data from public records.

Address	Redfin Estimate
429 Spring Street, Newport, RI 5 Beds \| 3 Baths \| 1558 Sq. Ft.	$1,184,849
433 Spring Street, Newport, RI 6 Beds \| 3 Baths \| 3168 Sq. Ft.	$1,133,626

Address	Redfin Estimate
428 Spring Street, Newport, RI 4 Beds \| 1.5 Baths \| 1278 Sq. Ft.	$987,829
428 Spring Street, Newport, RI 4 Beds \| 1.5 Baths \| 1204 Sq. Ft.	$902,547

Address	Redfin Estimate
433 Spring Street, Newport, RI 6 Beds \| 3 Baths \| 3168 Sq. Ft.	$1,207,625
429 Spring Street, Newport, RI 5 Beds \| 3 Baths \| 1558 Sq. Ft.	$1,110,229

Property information provided by RIS when last listed in 2017. 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 427 Spring St

Tax history for 427 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 427 Spring St

More real estate resources