491 493 Thames Street,Newport, RI 02840
Newport, RI 02840
Description
This high visibility, fully renovated 1840 mixed-use building delivers exceptional income from three luxury short-term rental suites and two ground-floor retail spaces. It is located in the Waterfront Business Zone, a high traffic area on Lower Thames Street. All suites are recently renovated with high-end finishes, private decks, and harbor views. The retail units have been renovated with stamped ceilings, ceramic tile flooring and updated baths. Each 800 sq. ft. unit provides additional income with proven long-term tenants with annual renewals. The property also includes an on-site garage and 2 additional parking spaces. Current operations have maintained 3 registered, legal suites in Airbnb Superhost status for over three years, with a 4.9-star average, 92% 5-star reviews and over 500 reviews in the past 12 months. Offered at $3,250,000 USD, this property combines historic charm, operational stability and exceptional income - a rare opportunity in Newport’s thriving waterfront market.
Details
| MLS # | 1395659 |
|---|---|
| Listing Type | For Sale |
| Style | Apartment,free-standing |
| Building Name | Thames Street Hospitality |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1850 |
| Days On Site | 358 |
| Listing Provided By | Hogan Associates Christie's | James Manson |
Features
| SQ Feet | 4,800 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | WB |
| Acreage | 0.06 |
| Golf Course | Yes |
| Water Front | Yes |
| Property View | Water |
Interior
| Heating | Forced Water |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Individual Unit |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Height (7 to 9 Ft), Ceiling Height (9 to 12 Ft) |
| Laundry Features | In Building |
Exterior
| Foundation Details | Block, Concrete Perimeter |
|---|---|
| Lot Features | Corner, Sidewalks, Downtown, Free Standing |
| Community Features | Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis |
| Construction Materials | Frame |
| Security Features | Carbon Monoxide Detector(s), Fire Alarm, Secured Garage/Parking, Smoke Detector(s) |
Utilities
| Utilities | Cable Connected, Electricity Connected, Gas, Municipal Water, Street Lights |
|---|---|
| Sewer | Connected |
| Electric | 100 Amp Service, 220 Volts, Circuit Breakers, Individual Meter |
| Gas | Connected |
Location
| Community Features | Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming, Tennis |
|---|
Taxes
| Tax Annual Amount | 13451 |
|---|---|
| Tax Assessed Value | 1249400 |
| Tax Lot | 159 |
| Tax Year | 2025 |
Area Information
| State | RI |
|---|---|
| County | Newport |
| City | Newport |
| Zip Code | 02840 |
| Area | Newport |
| Community Name | Thames Street Harbour |
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Contact
Learn More About This Property
| State | RI |
|---|---|
| County | Newport |
| City | Newport |
| Zip Code | 02840 |
| Area | Newport |
| Community Name | Thames Street Harbour |
 | $3,590,000216 Spring StreetNewport, RI 02840 |