13 days on rocket

113 Spring St, Newport, RI, 02840

$1,385,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

113 Spring St, Newport$1,385,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingNo Garage
Year Built1900
HeatingForced Air, Natural Gas
CoolingNone
MLS #1374125
Lot Size0.07 Acres
StatusActive

About 113 Spring St

Prime mixed-use property in the heart of Newport, RI, offering exceptional residential and commercial potential on lively Spring Street. Just steps from Thames Street's world-class restaurants, boutiques, and historic attractions, this property features a cozy 2-bedroom, 1-bath top-floor apartment with functional living spaces that provide a warm and welcoming retreat, plus a versatile first-floor commercial space, currently a locksmith shop with a half bath. A rare private backyard offers a serene escape, perfect for relaxing or entertaining. Bring your ideas this property is full of possibilities and could be tailored to suit your vision. With a little updating, this gem can truly shine. Don't miss this unique opportunity to own a property that combines comfort, commercial flexibility, and an unbeatable location. Schedule a showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1900

Listing Office:

  • Office Name: Revolv Real Estate
  • Office Phone: (508) 644-8995

Interior Features

Interior Information:

  • Flooring Type: Hardwood

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: No Garage

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,385,000
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Newport, RI.

Map thumbnail provided by MapBox

Newport, RI

City

Med. Sold Price

$898K

Med. Price/SqFt

$592

Avg. Days On Market

33

# of Sold Homes

16

113 Spring St vs Newport

13 DAYS ON ROCKET

-20 Days

$1,385,000

+$487K More

KEY TAKEAWAY

This property is $487K more than the Median Sold Price in Newport, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1374125

Listing Office:

  • Office Name: Revolv Real Estate
  • Office Phone: (508) 644-8995

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 6:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$6,980

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,219

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4419136
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 1.45 miles

  • Public District Grades PK-4

school-card-donut-4419137
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 2.74 miles

  • Public District Grades 4-4

school-card-donut-4419138
7
/10

  • Melrose Avenue School

  • 76 Melrose Ave

  • 3.59 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,767. Residents of Newport, RI typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Newport, RI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Newport, RI?

Newport's housing market is characterized by a blend of historic charm and modern luxury, with a significant presence of colonial and Victorian-style homes that reflect the city's rich history. The housing landscape is diverse, offering a mix of single-family homes, apartments, and townhouses. While the majority of homes are owner-occupied, there is also a substantial rental market catering to the city's seasonal population and year-round residents alike.

Is Newport, RI a good place to live?

Newport is celebrated for its vibrant history and maritime culture, with the community taking pride in its well-preserved architecture and famous seaside attractions. The city's character is further enriched by annual events such as the Newport Jazz Festival and the Newport International Boat Show, which draw visitors from around the world and contribute to the area's lively atmosphere.

Are things conveniently located in Newport, RI?

The community benefits from a robust educational system, with a number of public and private schools providing a range of educational opportunities. Healthcare services are comprehensive, with local hospitals and clinics offering a variety of medical care options. Newport's public library system serves as a valuable resource for residents, and the city's array of shops and restaurants reflects the local culture, with an emphasis on seafood and coastal cuisine.

What does the transportation in Newport, RI look like?

Newport's transportation infrastructure supports both private and public transit options, with a network of roads and bridges connecting the city to the rest of Rhode Island and beyond. Public transportation services are available, providing connections to key areas within the city and to neighboring communities. The city is also bike-friendly, with several designated paths and lanes. For those without a vehicle, ride-sharing services are a popular choice for getting around.

Rocket Homes›Rhode Island›Newport County›Newport›02840›113 Spring St

This home is located at 113 Spring St in Newport, RI and zip code 02840. This home, which was built in 1900, sits on a 0.07 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 04, 2024 and is currently priced at $1,385,000.

In November 2024, from all listings sold in Newport, RI there were more than 6 sold above asking price, over 6 sold below and more than 4 were sold right at the asked price. The number of listings in Newport, RI decreased by 4.3% between October 2024 and November 2024. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $898,000.

From Rocket Homes Real Estate and based on county public records data.

More Resources