Yachtin​g Village

Investment

Opportunity

359 Spring St. ​Newport RI

Offered at

$1,800,000

showings

By APpointment

schedule viewing

Built in the 1800's this quintessential Victorian style home has gone through elegant renovations all while ​keeping the look and feel of the historical nature. This unique multi family is located within the vibrant and ​highly sought after Yachting Village of historic Newport. Walking distance to some of the best restaurants, ​incredible shopping, amazing galleries, idyllic waterfront, Gilded Age Mansions and so much more! Step ​into the first floor unit and you are greeted with spacious rooms filled with natural lighting, hardwood ​floors, 2 large bedrooms, fully equipped kitchen, dining area, full bath as well as another half bath. The ​upstairs unit has townhouse style living. The first level opens into the formal dining room or living room ​with high ceilings, tall windows and gleaming hardwoods. There are two large bedrooms with an adjoining ​half bath, large eat in kitchen with center island, full spa influenced bath, and outdoor balcony perfect for ​morning coffee or afternoon libations. The second level boasts the third bedroom, a large open concept ​family room with wet bar, and sunroom with views of Newport harbor and Narragansett Bay.

fully equipped kitchen

first floor apartment

formal dining room

bedroom

bedroom

second floor apartment

outdoor balcony

spacious family room

dining area

sunroom

Large fenced in stone patio for outdoor entertaining and plenty of off street parking. With all it's charming ​nature, breathtaking water views, and perfect location, this is one not to miss!

virtually staged rooms

1st flr living room

2nd flr family room

2nd flr bedroom

06/22/24 11:00AM-1:00PM 06/23/24 11:00AM-1:00PM

2-4 Units Multi Family - MLS # 1361865 - Active

Neighborhood:Yachting Village

RE Taxes/Yr: ​Exempt Inc: ​Assessment: $1,193,300

$7,164 / 2023 ​No

Asso Fee/Per: ​Year Built: ​# of Units:

Type:

0 / Year ​1889 ​2

Up/Down

List Price: ​Original LP:

$1,800,000 ​$1,800,000

Price/GBASqFt:$583.85

DOM:

1

Fire Dist Tax:

Public Rems:

Built in the 1800's this quintessential Victorian style home has gone through elegant renovations all while keeping the look and

feel of the historical nature. This unique multi family is located within the vibrant and highly sought after Yachting Village of

historic Newport. Walking distance to some of the best restaurants, incredible shopping, amazing galleries, idyllic waterfront,

Gilded Age Mansions and so much more! Step into the first floor unit and you are greeted with spacious rooms filled with natural

lighting, hardwood floors, 2 large bedrooms, fully equipped kitchen, dining area, full bath as well as another half bath. The

upstairs unit has townhouse style living. The first level opens into the formal dining room or living room with high ceilings, tall

windows and gleaming hardwoods. There are two large bedrooms with an adjoining half bath, large eat in kitchen with center

island, full spa influenced bath, and outdoor balcony perfect for morning coffee or afternoon libations. The second level boasts

the third bedroom, a large open concept family room with wet bar, and sunroom with views of Newport harbor and Narragansett

Bay. Large fenced in stone patio for outdoor entertaining and plenty of off street parking. With all it's charming nature,

breathtaking water views, and perfect location, this is one not to miss!

Under Construction:No ​Subsidized Housing:No

Elevation Cert:

No

Loma:

No

Disclosure/Inclusion:Estate sale - no disclosures

Short Sale:

Zoning:

Time Share:

No

R-10

No

Cert Legal Use:Yes

RE Lic Owner:

Historic:

No

Unknown

# Bsmt Rooms: ​Basement Type:

Full

Bldg Area Src:

Public Records

Gross Bldg Area:3,083

Basement Access: ​Basement Finish: ​Bsmt % Finished: ​Bsmt Room Type: ​Bath Desc: ​Equipment: ​Finished Floor: ​Interior: ​Laundry:

Unit Type

Unit1

Unit2

Totals

Interior and Exterior ​Unfinished ​0 ​Storage Area, Utility ​Shower Stall, Tub & Shower ​Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer ​Ceramic, Hardwood ​Stairs ​In Units

Rooms

Bedrooms

2

3

5

Full Baths

Half Baths

Liv SqFt

Rent

$2,730

Occupancy

7

1

2

1

1

1,000

2,000

Third Party w/lease

11

18

$0 Owner

3

2

3,000 $2,730

Description

Owner Annual Income:

Other Monthly Rents:

$2,730

Owner Annual Expenses:$0

PL Statement:

No

Assessor Block:

Apx Lot SqFt:

Site Acres:

Fndtn L x W:

Non-Garage Spcs6

Assessor Plat:

Lot Frontage:

Insulation: ​# Levels:

32 ​Ceiling, Walls ​3

5,920

0.14

Foundation Type:

Total Prk Spaces:

Garage / Desc:

Lot Description:

Fireplaces:

Electric:

Exterior:

Water Supply:

Mixed, Stone

6

0, None

Corner, Fenced, Waterview

None - 0

Circuit Breaker

Patio, Porch, Shingles, Wood

Connected

# Bldgs:

Water Amenities:Saltwater View, Walk to Salt Water

Sewer:

# Heat Systems:

Heating System:

Heating Fuel:

Heat Fuel Usage:

Near:

Connected

2

Baseboard, Gas Connected

Gas

Unknown

Cooling:

Hot Water:

Heat Cost $:

Individual Unit

Individual

Golf, Marina, Recreational Facilities, Restaurants, Schools, Shopping, Swimming, Tennis

1

Construction:

No

Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries.

Client Full

Listed By:New England Properties

06/21/2024 7:55 AM

Darci Acomb

New England Properties of Distinction

MA & RI Licensed

Luxury and Relocation Specialist

Newport County Board of Realtors - Board of Directors

SRES, CIPS

508-615-6903