668 Thames Street

Newport, RI 02840

$1,800,000
Price
6
Beds
3
Baths
2,764 Sq. Ft.
$651 / Sq. Ft.
2,764
Sq. Ft.
$651
per Sq. Ft.

Description

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...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.
  1. Listed by Parker Sizeland • RE/MAX Profnl. Newport, Inc.
    P: 401-862-7428 Parker@SizelandTeam.com
  2. Listed by Bill Sizeland • RE/MAX Profnl. Newport, Inc.
    P: 401-862-0784 C: 401-862-0784 bill@SizelandTeam.com

Property Details for 668 Thames Street

Subdivision Name
Fifth Ward
Waterfront Features
Walkto Water

Location

Listing Courtesy of RE/MAX Profnl. Newport, Inc.
Add your commute
LISTING UPDATED: 03/28/2024 02:27 PM

Property Details for 668 Thames Street

StatusActive
MLS #1354752
Days on Market45
Taxes$5,297 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size0.06 AC / 2,575 SF
CountyNewport County

Location

Listing Courtesy of RE/MAX Profnl. Newport, Inc.
Add your commute

Building Information for 668 Thames Street

Stories3Residences3Year Built1900Building Size-Lot Size0.06 AC / 2,575 SF

Payment Calculator

$10,265 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$441

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 668 Thames Street

Summary
Location and General Information
  • City: Newport
  • Community Features: Sidewalks
  • Postal City: Newport
  • Postal Code: 02840
  • State Or Province: RI
  • Zoning: LB
  • Human Modified Y N: Yes
Parking
  • Attached Garage Y N: No
  • Covered Spaces: 4
  • Garage Spaces: 4
  • Garage Y N: Yes
  • Parking Features: Detached, Garage
  • Parking Total: 5
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Annual Amount: $5,297.00
  • Tax Assessed Value: 1290800
  • Tax Lot: 027
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Building Area Total: 2764.0
  • Living Area Source: Public Records
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.0591
  • Lot Size Area: 2575.0
  • Lot Size Square Feet: 2575.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Parcel Number: 668THAMESSTNEWP
  • Stories Total: 3
Property and Assessments
  • New Construction Y N: No
  • Number Of Units Total: 3
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1900
  • C L I P: 7,907,660,125
Utilities
  • Electric: Item100Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Stone
Interior Features
  • Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Washer
  • Basement: Full, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 6
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Hardwood
  • Heating: Gas, Hot Water
  • Heating Y N: Yes
  • Interior Features: Bathtub, Cathedral Ceilings, Skylights, Tub Shower
  • Rooms Total: 12
  • Window Features: Skylights
Multi Family
Income & Expenses Information
  • Operating Expense: $.00
Unit 1 Information
  • Actual Rent: $2,700.00
  • Type: Item2Bedroom
  • Unit Type Area: 864.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $3,200.00
  • Type: Item2Bedroom
  • Unit Type Area: 864.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 3 Information
  • Actual Rent: $.00
  • Description: Air bnb
  • Type: Item2Bedroom
  • Unit Type Area: 864.0
  • Baths Total: 1
  • Beds Total: 2
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 668 Thames Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 668 Thames Street

This home is within Newport School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
Frank E. Thompson Middle School
Public5 to 8

Rogers High School
Public9 to 12

Newport Area Career Tech Center
Public9 to 12

Pell Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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668 Thames Street is a multi-family home for sale in Newport, RI 02840. This property was listed for sale on March 15, 2024 by RE/MAX Profnl. Newport, Inc., it's currently listed at $1,800,000. It has been on the market for a total of 45 days and was last sold on February 22, 2023. This listing's school district is Newport School District. Nearby schools include Frank E. Thompson Middle School, Rogers High School and Newport Area Career Tech Center. 668 Thames Street is a 6-bed, 3-bath, 2,764 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX Profnl. Newport, Inc.

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.