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!
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
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#: 1315424

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