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.

©2024 State-Wide MLS, Inc. All rights reserved.

Data last updated 9:16 PM UTC, 3/28/2024.

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