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668670 Thames Street

Newport, RI 02840
  • $2,400,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 1354604
$2,400,000
  • 8
    BEDS
  • 0.11
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,388
    SQFT
  • $708
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

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.

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[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Martone Group | RE/MAX Properties are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Martone Group | RE/MAX Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-04-03T23:37:57.543.
www.martonegroup.com/homes/148608201
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668670 Thames Street Newport, RI 02840

  • Price: $2,400,000
  • Status: Active
  • On Site: 34 Days
  • MLS #: 1354604
8
Beds
4
Baths
0
½ Baths
0.11
Acres
3,388
SQFT
$708
$/SQFT
1900
Built
Neighborhood:
Fifth Ward
County:
Newport
Area:
Newport
Property Description
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.
Exterior Features

Construction Materials Drywall Plaster Vinyl Siding Covered Spaces 4 Fencing Fenced Foundation Details Stone Garage YN Yes Lot Features Corner Lot Parking Features Detached Garage Parking Total 6 Waterfront Features Walkto Water

Interior Features

Appliances Dryer Dishwasher Gas Water Heater Microwave Oven Range Refrigerator Washer Basement Full Unfinished Basement YN Yes Cooling None Window Units Cooling YN No Fireplace Features None Fireplace YN No Fireplaces Total 0 Flooring Ceramic Tile Hardwood Heating Gas Hot Water Heating YN Yes Interior Features Cathedral Ceilings Tub Shower

Property Features

Attached Garage YN No Community Features Sidewalks Electric Item100 Amp Service Human Modified YN Yes Land Lease YN No Laundry Features Common Area New Construction YN No Operating Expense 0 Owner Pays Hot Water Property Sub Type Multi Family Senior Community YN No Sewer Connected Public Sewer Tax Annual Amount 8577 Tax Assessed Value 1806100 Tax Lot 494 & 027 Tax Year 2023 Utilities Sewer Connected Water Source Connected Public Zoning LB

[Rhode Island Statewide MLS] logo Listing information © 2024 State-Wide Multiple Listing Service.
Listing provided courtesy of RE/MAX Profnl. Newport, Inc.: .



[Rhode Island Statewide MLS] logo

© 2024 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Martone Group | RE/MAX Properties are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Martone Group | RE/MAX Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-04-03T23:37:57.543.
 
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The Martone Group | RE/MAX Properties
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Smithfield RI, 02917