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Coldwell Banker Realty
491 Thames Street 493, Newport, RI 02840
- $2,475,000
- Sold Price
- $2,475,000
- List Price
- $3,250,000
- Status
- CLOSED
- MLS#
- 1395659
- Closing Date
- Jul 28, 2026
- Year Built
- 1850
- Levels
- Three Or More
- Subdivision
- Thames Street Harbour
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.
Additional Information
- Taxes
- $13,451
- Lot Size
- 2,614
- Heating
- Ductless, Hot Water
- Cooling System Type
- Ductless, 1 Unit
- Sewer
- Connected
- Water Source
- Connected, Public
- Basement
- Full
- Parking Spaces
- 6
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Listing courtesy of Hogan Associates Christie's. Contact: 401-862-2741
Selling Office: Edge Realty RI.
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