Kim Marion

GLOBAL ADVISOR, REALTOR | License ID: RI 0042828 & MA 1000591

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$ 2,475,000

$ 3,250,000 23.8%

Est. payment -/mo

Sold on 07/28/2026

491 Thames ST Newport, RI 02840

4,800 SqFt

UPDATED:

Key Details

Sold Price $2,475,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $515

Subdivision Thames Street Harbour

MLS Listing ID 1395659

Sold Date 07/28/26

HOA Y/N No

Abv Grd Liv Area 4,800

Year Built 1850

Annual Tax Amount $13,451

Tax Year 2025

Lot Size 2,614 Sqft

Property Sub-Type Commercial

Property 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.

Location

State RI

County Newport

Community Thames Street Harbour

Zoning WB

Rooms

Basement Full

Interior

Heating Ductless, Hot Water

Cooling Ductless, 1 Unit

Laundry Common Area, Laundry Room

Exterior

Community Features Golf, Highway Access, Marina, Near Hospital, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks, Tennis Court(s), Waterfront, Street Lights

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected

View Y/N Yes

View Water

Total Parking Spaces 6

Garage Yes

Building

Lot Description Corner Lot

Story 3

Foundation Block, Concrete Perimeter

Sewer Connected

Water Connected, Public

Level or Stories 3

Structure Type Frame

New Construction No

Others

Tax ID 491493THAMESSTNEWP

Security Features Carbon Monoxide Detector(s),Fire Alarm,Secured Garage/Parking,Smoke Detector(s)

Financing 1031 Exchange

Listed by Hogan Associates Christie's
Bought with Edge Realty RI

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Kim Marion

GLOBAL ADVISOR, REALTOR | License ID: RI 0042828 & MA 1000591

+1(401) 692-1644

GET MORE INFORMATION

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