Address
668 Thames Street, Newport, RI
Price
$ 1,800,000
Property Attributes
- MLS#1354752
- TypeMulti-Family
- CountyNEWPORT
- CityNewport
- NeighborhoodFifth Ward
- Zip02840
- StyleMultiFamily
- Year Built1900
- Taxes$ 5297
- Price$ 1,800,000
- Bedrooms6
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2764
- Lot Size2,574 SqFt
Data Source:
Rhode Island Statewide MLS (RIAR)
Property 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 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.
| Price History | |
|---|---|
| 3/15/2024 | Listed $1,800,000 |
General Features
| Interior Features | Bathtub,CathedralCeilings,Skylights,TubShower |
|---|---|
| Sewer | Connected,PublicSewer |
| Heating | Gas,HotWater |
| Cooling | None |
| Utilities | SewerConnected |
| Possession | Negotiable |
| Appliances | Dryer,Dishwasher,GasWaterHeater,Microwave,Oven,Range,Washer |
| Zoning | LB |
| HOA | 0.0 |
| Garage Spaces | 4.0 |
| Construction Materials | Drywall,Plaster,VinylSiding |
| Year Built | 1900 |
| Electric | Item100AmpService |
| Property SubType | MultiFamily |
| Tax Year | 2023 |
| Waterfront Features | WalktoWater |
| Community Features | Sidewalks |
| County | Newport |
| Operating Expense | 0.0 |
| New Construction | No |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | Fifth Ward |
| Garage Y/N | Yes |
| Total Rooms | 12 |
| Status | Active |
| City | Newport |
| Buyer Agent Compensation | 2.5% VNS |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 3 |
| Lot Size Square Feet | 2575.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Thames |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 5297.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://tour.RiLiving.com/668-Thames-ST-Newport-RI-02840 |
| Days on Market | 13 |
| Standard Status | Active |
| Tax Assessed Value | 1290800 |
| Tax Lot | 027 |
| MobileHomeRemainsYN | No |
Interior Features
| Basement | Full,Unfinished |
|---|---|
| Flooring | CeramicTile,Hardwood |
| Fireplace Features | None |
| Total Stories | 3 |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Window Features | Skylights |
| Fireplace Y/N | No |
| Above Grade Finished Area | 2764.0 |
| Full Baths | 3 |
| Street Suffix | Street |
| Total Bedrooms | 6 |
| Electric On Property Y/N | No |
| LivingAreaSource | PublicRecords |
| Total Baths | 3 |
Exterior Features
| Parking Features | Detached,Garage |
|---|---|
| Lot Features | CornerLot |
| Water Source | Connected,Public |
| Total Parking | 5.0 |
| Lot Size Area | 2575.0 |
| Foundation Details | Stone |
| Number of Buildings | 1 |
| Spa | No |
| Building Area Total | 2764.0 |
| Lot Size Acres | 0.0591 |
| Lot Size Units | SquareFeet |
| Covered Spaces | 4.0 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 02840
Price
Taxes
Visits
Year Built
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