491 Thames Street 493

Newport, RI 02840 Directions
$3,250,000
  • 4,800Sqft
  • 1850Built
  • WaterView
  • $677Price/Sqft

Property Highlights

  • Subdivision: Thames Street Harbour
  • Days on Market: 64
  • MLS: 1395659

Property Highlights

  • Subdivision: Thames Street Harbour
  • Days on Market: 64
  • MLS: 1395659

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...

Property Highlights

  • Subdivision: Thames Street Harbour
  • Days on Market: 64
  • MLS: 1395659

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.

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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  • Additional Information
    • Basement Description: Full
    • Days On Market: 64
    • Electrical Features: Circuit Breakers, 100 Amp Service, 220 Volts
    • Living Area SqFt: 4800
    • On Market Date: 2025-10-18
    • Parking Spaces: 6
    • Road Type: City Street
    • Subdivision: Thames Street Harbour
    • Tax Amount: $13,451
    • Tax Year: 2025
    • Type: Commercial Sale
    • Unit Count: 3
    • Utilities: Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Water Connected, Sewer Connected
    • View: Water
    • Year Built: 1850
  • Amenities
    • Golf
    • Restaurant
    • Sidewalks
    • Tennis Court(s)
    • Street Lights
  • Interior/Exterior Features
    • Construction Materials: Frame
    • Cooling: Ductless
    • Foundation: Block, Concrete Perimeter
    • Heat: Ductless, Hot Water

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than William Pitt Sotheby's International Realty are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Data is updated as of 12/22/2025. Listed By: James Manson of Hogan Associates Christie's.

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