424 Thames Street Newport

$2,195,000
3 4 4,306 sq ft

The Property

424 Thames Street presents a rare opportunity to acquire a mixed-use income-producing property in the heart of Newport’s vibrant Lower Thames district. The property features two street-level commercial spaces currently occupied by established retail and service tenants, complemented by a spacious three-bedroom, three-bath residential unit currently operated as a short-term rental. This diversified configuration offers multiple income streams within one of Newport’s most active commercial and hospitality corridors. Recent improvements include fresh exterior paint and new decking, highlighted by an incredible rooftop deck offering views of Newport Harbor and the Pell Bridge.

With approximately 2,672 square feet across three units, one off-street parking space, and Limited Business (LB) zoning, 424 Thames combines high-visibility commercial frontage with an established residential hospitality component. Ideally situated just steps from Newport Harbor, restaurants, shopping, nightlife, and downtown attractions, this is a unique opportunity to own a versatile income-producing property in the heart of Newport’s waterfront district.

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Listing Details

MLS Number

1423765

Lot Size:

0.03 acres

Features

  • Basement: Full, Bulkhead, Unfinished
  • Heating: Natural Gas, Baseboard
  • Heating Fuel: Natural Gas, Baseboard
  • Year Built: 1835

Market Trends for Single Family Homes
in Newport

  • Overview
    Homes for Sale Today127-89.7% decrease in inventory
    New on Market *6874.4% increase in new listings
    Avg. Asking Price/Sq.Ft. *$750.92$14 increase in List Price/Sq.Ft.
    Avg. Sale Price *$1,709,810$52,235 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *97.87%2.1% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$835.30$53 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *9015 decrease in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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Listed by Our Real Estate
Phone: 401-835-7778

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