668670 Thames St
Newport, RI 02840

  • 8 beds
  • 4 baths
  • 3,216 sqft
  • 5,000 sqft lot
  • $746 per sqft
  • 1900 build

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.

Rhode Island State-Wide MLS logo Listing courtesy of RIMLS / RE/MAX Profnl. Newport, Inc.

Last checked: Checking… • Last updated May 4, 2024 •

MLS# 1354604 —

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Walk Score®

Provided by WalkScore® Inc.

Bike Score®

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Transit Score®

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Sale history

Date Event Source Price % Change
3/15/24
Listed / Active RIMLS $2,400,000

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$2,400,000

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Listing provided by broker:

Parker Sizeland

RE/MAX Profnl. Newport, Inc.

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This multifamily located in Fifth Ward, Newport, RI 02840 is currently for sale for $2,400,000. 668670 Thames St is a 3,216 square foot multifamily with 8 beds and 4 baths. 668670 Thames St is in the Fifth Ward neighborhood of Newport and has a WalkScore® of 84, making it very walkable. This multifamily is in the attendance area of Rogers High School.

Rhode Island State-Wide MLS logo Listing Courtesy of: RIMLS and RE/MAX Profnl. Newport, Inc..

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