This three unit building is located in the heart of downtown Newport right on Spring St and is zoned General Business Walk to the harbor, shops and restaurants from this Historic Hill location. This property is zoned for short term weekly rentals subject to buyer registering with the City. Strong rental and income history. 2-2 bedroom units and 1-1 bedroom unit. Features included bright rooms, high ceilings, hardwood floors, and a charming back patio. This is a great opportunity for someone looking for an investment property.
Multi-familyProperty Type
1850Year Built
1,425 sq ftLot Size
$511Est. Price/Sq.Ft.
Listed by Fitzpatrick Team• RE/MAX Profnl. Newport, Inc.
Bought with Morgan Hollenbeck• Mott & Chace Sotheby's Intl.
Historic Hill three family checks all the boxes - perfect for investors or an owner-occupied scenario. In the general business zone and located on beautiful stretch of Spring Street within walking distance to Newport's bustling harbor, this home is a rare find. Three separate units with strong rental history as well as AirBnB success. Can also be sold with neighboring property/Inn - see MLS#1178526.
RIS #663025
Nov 8, 2016
Price Changed
$599,000
$231/sq ft
Jun 15, 2007
Listing Removed
—
Dec 8, 2006
Listed
$659,000
$254/sq ft
RIS #903432
May 14, 1999
Sold
$211,500
$82/sq ft
Mar 31, 1999
Listing Removed
—
Mar 3, 1999
Listed
$225,000
$87/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,860 (+5.7%)
$322,600 + $697,100
$1,019,700
2024
$8,382 (+11.0%)
$322,600 + $697,100
$1,019,700
2023
$7,554 (+10.0%)
$210,900 + $550,600
$761,500
2022
$6,869 (+3.0%)
$210,900 + $503,900
$714,800
2021
$6,669 (+3.2%)
$210,900 + $503,900
$714,800
2020
$6,464
$215,600 + $413,200
$628,800
2019
$6,464 (+2.9%)
$215,600 + $413,200
$628,800
2018
$6,282 (+11.7%)
$215,600 + $413,200
$628,800
2017
$5,623 (+2.6%)
$154,300 + $347,300
$501,600
2016
$5,482 (+2.4%)
$154,300 + $347,300
$501,600
2015
$5,352 (−10.1%)
$154,300 + $347,300
$501,600
2014
$5,954 (+3.0%)
$131,100 + $362,600
$493,700
2013
$5,781 (+3.1%)
$131,100 + $362,600
$493,700
2012
$5,608
$131,100 + $362,600
$493,700
Tax history for 92 Spring St
Year
Property tax
Land + Additions
Assessment*
2025
$8,860 (+5.7%)
$322,600 + $697,100
$1,019,700
2024
$8,382 (+11.0%)
$322,600 + $697,100
$1,019,700
2023
$7,554 (+10.0%)
$210,900 + $550,600
$761,500
2022
$6,869 (+3.0%)
$210,900 + $503,900
$714,800
2021
$6,669 (+3.2%)
$210,900 + $503,900
$714,800
2020
$6,464
$215,600 + $413,200
$628,800
2019
$6,464 (+2.9%)
$215,600 + $413,200
$628,800
2018
$6,282 (+11.7%)
$215,600 + $413,200
$628,800
2017
$5,623 (+2.6%)
$154,300 + $347,300
$501,600
2016
$5,482 (+2.4%)
$154,300 + $347,300
$501,600
2015
$5,352 (−10.1%)
$154,300 + $347,300
$501,600
2014
$5,954 (+3.0%)
$131,100 + $362,600
$493,700
2013
$5,781 (+3.1%)
$131,100 + $362,600
$493,700
2012
$5,608
$131,100 + $362,600
$493,700
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
5
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
1,307 Sq. Ft.
Year renovated
1993
Sq. Ft.
2,108
Year built
1850
Style
Single Family Residential
County
Newport County
APN
92991
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): 11
Has Basement
Basement Information: Crawl Space, Unfinished
Equipment
Appliances: Gas Water Heater
Interior Features
Flooring: Hardwood, Vinyl
Exterior
Building Information
Construction Details: Clapboard
Exterior Features
Exterior Features: Deck
Patio And Porch Features: Deck
Lot Information
Lot Size Area: 1,425
Lot Size Acres: 0.03
Zoning: GB
Property Information
Above Grade Finished Area: 2,595
Foundation Details: Combination
Financial
Assessments and Fees
Assessed Value: $628,800
Tax Information
Annual Tax Amount: $6,282
Tax Year: 2020
Utilities
Utility Information
Utilities: Sewer Connected
Electic On Property
Electric: Circuit Breakers
Sewer: Connected
Water Source: Connected
Heating & Cooling
Has Cooling
Cooling: Window Unit(s)
Has Heating
Heating: Electric, Gas, Hot Water
Location
Multi Unit Information
# Of Units Total: 3
# Of Buildings: 1
Multi Unit Financial Information
Operating Expense: $7,500
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 2,108
Stories: 3.0
Lot Size: 1,307 square feet
Style: Single Family Residential
Year Built: 1850
Year Renovated: 1993
County: Newport County
APN: 92991
Home facts updated by county records on Jun 22, 2026
Around this home
Schools
Frank E. Thompson Middle School
Public 5-8 • Assigned • 0.2mi
3/10
Rogers High School
Public 9-12 • Assigned • 1.5mi
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)
36
25
37
26
47
35
55
43
63
52
74
62
77
68
76
64
71
60
63
52
54
42
42
30
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
$1.26M – $1.53M
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