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Sold for $2,025,000 on 12/16/22
  • $2,025,000

    523 Thames St, Newport, RI 02840

    8beds
    3,428sqft
    Multi Family
    Built in 1899
    -- sqft lot
    $2,196,100 Zestimate®
    $591/sqft
    $3,406 Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: December 19, 2022 at 09:17am

    Listed by:

    Fitzpatrick Team 401-848-7827,

    RE/MAX Profnl. Newport, Inc.

    Bought with:

    Lauren Mailloux, REC.0018779

    Our Real Estate

    Source: StateWide MLS RI,MLS#: 1315424MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 6
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    Bathroom
    • Features: Bath w Shower Stall, Bath w Tub & Shower
    Heating
    • Natural Gas, Forced Water
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Electric Water Heater, Dishwasher, Dryer, Refrigerator, Washer
    • Laundry: In Building
    Features
    • Insulation (Unknown)
    • Flooring: Hardwood
    • Basement: Full,Interior and Exterior,Unfinished,Laundry,Storage Space
    • Has fireplace: No
    Interior area
    • Total structure area: 4,596
    • Total interior livable area: 3,428 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: No Garage
    Features
    • Waterfront features: Flood Insurance, Walk to Salt Water
    Lot
    • Size: 2,613 sqft
    Details
    • Zoning: WB
    • Special conditions: Conventional/Market Value

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Aluminum Siding, Shingles
    Condition
    • New construction: No
    • Year built: 1899

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Marina, Near Shopping
    Location
    • Region: Newport

    HOA & financial

    Other financial information
    • Total actual rent: 0
    Services availability
    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $2,196,100
    2% more+ $43,922
    With Zillow Showcase(estimated)
    $2,240,022