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424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
424 Thames Street
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$2,195,000

424 Thames Street

3 Beds 5 Baths 4,306 Sq.Ft. 1,307 Sq.Ft.

Description

424 Thames Street presents a rare opportunity to acquire a mixed-use income-producing property in the heart of Newport's vibrant Lower Thames district. The property features two street-level commercial spaces currently occupied by established retail and service tenants, complemented by a spacious three-bedroom, three-bath residential unit currently operated as a short-term rental. This diversified configuration offers multiple income streams within one of Newport's most active commercial and hospitality corridors. Recent improvements include fresh exterior paint and new decking, highlighted by an incredible rooftop deck offering views of Newport Harbor and the Pell Bridge. With approximately 2,672 square feet across three units, one off-street parking space, and Limited Business (LB) zoning, 424 Thames combines high-visibility commercial frontage with an established residential hospitality component. Ideally situated just steps from Newport Harbor, restaurants, shopping, nightlife, and downtown attractions, this is a unique opportunity to own a versatile income-producing property in the heart of Newport's waterfront district.

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Location

424 Thames Street, Newport, RI 02840

Status

For Sale

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Lauren Mailloux

Lauren Mailloux

TITLE

Principal Broker

Hunter Parker

Hunter Parker

TITLE

Sales | Rental Agent

Property Amenities

Interior
Appliances Gas Water Heater
Flooring Hardwood
Total Bedrooms: 3
Half Bathrooms: 2
Full Bathrooms: 3
Area & Lot
Total area 4,306 Sq.Ft.
Lot Area 1,307 Sq.Ft.
Living area 4,306 Sq.Ft.
MLS® ID 1423765
Year Built 1835
Type Multi-Family
Status For Sale
Exterior
Air conditioning Window Unit(s)
Heat type Baseboard, Gas
Water Source Connected, Public
Sewer Connected, Public Sewer
Parking No Garage
Utilities Sewer Connected
Finance
Sales Price $2,195,000
Real Estate Tax $7,996 yearly

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Thank you for your interest in 424 Thames Street, Newport, RI 02840. We are reviewing your request and will be in touch shortly!

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