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523 - 525 Thames Street Newport

$2,025,000
8 5.1 4,596 sq ft

The Property

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!

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Listing Details

MLS Number

1315424

Lot Size:

0.06 acres

Features

  • Basement: Full
  • Aluminum Siding
  • Shingles
  • Heating: Forced Water
  • Heating Fuel: Gas
  • Laundry
  • Type: Apartment
  • Year Built: 1899
  • Water Amenities: Flood Insurance, Walk to Salt Water

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Market Trends for Multi Family Homes
in Newport

  • Overview
    Homes for Sale Today12-94.1% decrease in inventory
    New on Market *5-28.6% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$460.00$83 increase in List Price/Sq.Ft.
    Avg. Sale Price *$865,000$661,667 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *101.76%3.8% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$394.26$69 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *434 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?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by RE/MAX Profnl. Newport, Inc.

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