Active
668670 Thames Street
Newport RI, 02840
$2,400,000
$708.38 per sqft
Active
8 Beds
4 Baths
3,388 sqft
Multi-family
Built in 1900
Welcome to a unique investment opportunity at 668 & 670 Thames Street, nestled in the heart of historic Newport, Rhode Island. This multifaceted property offers a blend of charming residential units and superb location, making it an ideal choice for investors, developers, or those seeking a second home with income potential, or even a family compound. 668 Thames Street is divided into three units, each offering 2 cozy bedrooms and 1 full bath. The top floor boasts an approved 2-bedroom Airbnb, perfect for tapping into Newport's bustling tourism market. The first-floor unit commands an impressive $3,200 monthly lease, while the second-floor unit is available on a month-to-month basis. Step beyond the main accommodations to discover a detached 4-car garage, thoughtfully partitioned for individual use adding value and convenience for tenants or personal storage. Stroll just a few steps to 670 Thames Street where a single-family cottage awaits, complete with 2 bedrooms, 1 full bath, and airy living space accentuated by vaulted ceilings. A fenced backyard and outbuilding provide a private retreat or additional storage. Each property sits on its own separate lot. You are within walking distance to an array of downtown amenities. Indulge in local restaurants, lush parks, prestigious yacht clubs, and marinas all contributing to the allure of this prime real estate offering. Don't miss out on these versatile properties that promise a blend of steady income and delightful living.
1354604
MLSⓇ ID
March 15, 2024
Listed
March 28, 2024
Updated
Map
668670 Thames Street
Newport RI, 02840
Interior Features
Total Stories
0
Bedrooms
8
Total Bathrooms
4
Interior Features
Cathedral Ceiling(s), Tub Shower
Appliances
Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
Laundry Description
Common Area
Floor Description
Ceramic Tile, Hardwood
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None, Window Unit(s)
Heating
Yes
Heating Description
Gas, Hot Water
Exterior/Building Features
Lot Size
0.11 Acres
Lot Features
Corner Lot
Sewer
Connected, Public Sewer
Other Property Details
Taxes
$8,577
Tax Frequency
Annually
Days on Market
13
Garage
Yes
Garage Spaces
4
Parking
Detached, Garage
Parking Total
6
View
No
County
Newport
Water Source
Connected, Public
Pool
No
Waterfront
Yes
Zoning
LB
Buyer Agency Compensation
2.5% VNS
Courtesy of RE/MAX Profnl. Newport, Inc.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.
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Data last updated 9:16 PM UTC, 3/28/2024.