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.

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