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491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
491 Thames Street
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Courtesy of Hogan Associates Christie's
$2,475,000

491 Thames Street

4,800 Sq.Ft. 2,614 Sq.Ft.

Description

This high visibility, fully renovated 1840 mixed-use building delivers exceptional income from three luxury short-term rental suites and two ground-floor retail spaces. It is located in the Waterfront Business Zone, a high traffic area on Lower Thames Street. All suites are recently renovated with high-end finishes, private decks, and harbor views. The retail units have been renovated with stamped ceilings, ceramic tile flooring and updated baths. Each 800 sq. ft. unit provides additional income with proven long-term tenants with annual renewals. The property also includes an on-site garage and 2 additional parking spaces. Current operations have maintained 3 registered, legal suites in Airbnb Superhost status for over three years, with a 4.9-star average, 92% 5-star reviews and over 500 reviews in the past 12 months. Offered at $3,250,000 USD, this property combines historic charm, operational stability and exceptional income - a rare opportunity in Newport's thriving waterfront market.

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Location

491 Thames Street, Newport, RI 02840

Status

Sold

Date Sold

July 28, 2026
Shiv  Patel

Shiv Patel

TITLE

Salesperson, Realtor

PHONE

401-556-5700

Newport

An affluent seaside community located on Aquidneck Island.

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Property Amenities

Interior
Laundry room Common Area, Laundry Room
Area & Lot
Total area 4,800 Sq.Ft.
Lot Area 2,614 Sq.Ft.
Living area 4,800 Sq.Ft.
MLS® ID 1395659
Year Built 1850
View Description Water
Type Commercial
Status Sold
Exterior
Stories 3
Air conditioning Ductless, 1 Unit
Heat type Ductless, Hot Water
Water Source Connected, Public
Security Features Carbon Monoxide Detector(s), Fire Alarm, Secured Garage/Parking, Smoke Detector(s)
Sewer Connected
Lot Features Corner Lot
Utilities Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Sewer Connected
Finance
Sales Price $2,475,000
Real Estate Tax $13,451 yearly

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