Exceptional investment property in the heart of Newport's tourist district. 87 Spring Street is a 4-unit multifamily featuring 3 Fully City Licensed Short Term Rental units and 1 year round tenancy apartment. The licensed short-term rental units are turnkey and ready to continue generating revenue, while the long-term tenant provides reliable baseline income. Profit and Loss statements are available for review; gross projected income for 2025-2026 $203,600. BEING SOLD as a package with 69 Spring Street (MLS #1401952) for $3,950,000. Reach out today to schedule a tour.
| Location | |
|---|---|
| City/Town | Newport |
| County | Newport |
| Interior | |
|---|---|
| Living Area | 2,906 sq. ft. |
| Rooms | 20 |
| Heating | Oil, Forced Water |
| Cooling | Window Unit(s) |
| Interior Features | Wall (Plaster), Plumbing (Mixed), Insulation (Unknown) |
| Additional Information | |
|---|---|
| Tax Assessment | $993,500 |
| Zoning | GB |
| Exterior | |
|---|---|
| Acreage | 0.036 |
Information is deemed reliable but is not guaranteed.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. ©2025 State-Wide Multiple Listing Service. All rights reserved.
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