668 THAMES ST
NEWPORT, RI 02840

$1,800,000

6 Beds

3 Baths

2,764 Sq Ft

Status Active

MLS# 1354752

Welcome to a unique investment opportunity at 668 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. 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.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 this versatile property that promises a blend of steady income and delightful living.

Details for 668 THAMES ST

$651 / Sq Ft

5 parking spaces

Natural Gas, Forced Water

96 Days on website

0.0591 acres lot

Interior

Appliances

Gas Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Washer

Bathrooms Full

Bathrooms Total

Bedrooms Total

Fireplace Features

None

Flooring

Ceramic Tile, Hardwood

Interior Features

Cathedral Ceilings, Skylight, Walls: Dry Wall, Plaster, Plumbing: Copper, Mixed, PVC, Insulation: Walls

Laundry Features

Living Area

2,764 SqFt.

Building And Construction

Accessibility Features

Building Features

Door Features

[]

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Security Features

[]

Window Features

Year Built

1900

Exterior And Lot

Exterior Features

Garage Spaces

Lot Features

Corner Lot, Sidewalks

Lot Size Acres

0.0591

Lot Size Square Feet

2575

Lot Size Units

Square Feet

Parking Features

Detached

Parking Total

Patio And Porch Features

[]

Pool Features

[]

Waterfront Features

["Walk To Salt Water"]

Zoning

Utilities

Cooling

["None"]

Heating

Natural Gas, Forced Water

Area And Schools

City

Newport

Community Features

County Or Parish

Newport

Subdivision Name

Fifth Ward

Financial Info

Buyer Agency Compensation^*

2.5% VNS

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$5,297

Tax Year

2023

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Office

RE/MAX Profnl. Newport, Inc., 401-849-0100

Updated

7:52pm UTC- 6/19/2024

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