Sold
523 Thames Street
Newport RI, 02840
$2,025,000
$440.60 per sqft
Sold
8 Beds
5.5 Baths
4,596 sqft
Multi-family
Built in 1899
This property is a legal mixed-use commercial 4 unit building. First floor has a one bedroom apartment and a small office or retail space. Second floor is a 3 bed 1.5 bath apartment and the third floor is a 3 bedroom 2 bath, both of which are rented for short term rentals with proven financial history. Excellent downtown location with 4 parking spots, patio area, deck, and a brand-new heating system and roof. Potential for a roof top deck with harbor views. Don't miss out on this incredible investment opportunity!
1315424
MLSⓇ ID
July 13, 2022
Listed
February 10, 2024
Updated
Map
523 Thames Street
Newport RI, 02840
Interior Features
Total Stories
0
Bedrooms
8 Beds
Bathrooms
5.5 Baths
Interior Features
Tub Shower
Appliances
Dryer, Dishwasher, Electric Water Heater, Refrigerator, Washer
Laundry Description
Common Area
Floor Description
Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Gas, Hot Water
Exterior/Building Features
Lot Size
0.06 Acres
Sewer
Public Sewer
Other Property Details
Taxes
$12,459
Tax Frequency
Annually
Days on Market
148
Garage
No
Parking
No Garage
Parking Total
4
View
No
County
Newport
Water Source
Public
Pool
No
Waterfront
Yes
Zoning
WB
Buyer Agency Compensation
2.5 % net sale
Courtesy of RE/MAX Profnl. Newport, Inc.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.
©2024 State-Wide MLS, Inc. All rights reserved.
Data last updated 10:29 AM UTC, 2/10/2024.