Welcome to a unique investment opportunity at 668 Thames Street

Nestled in the heart of historic Newport, Rhode Island. This multifaceted property offers a blend of charming residential units and superb location, making it an ideal choice for investors, developers or those seeking a second home with income potential. 668 Thames Street is divided into three units, each offering 2 cozy bedrooms and 1 full bath. The top floor boasts an approved 2-bedroom Airbnb, perfect for tapping into Newport's bustling tourism market.

The first-floor unit commands an impressive $3, 200 monthly lease, whle the second-floor unit is available on a month-to-month basis. Step beyond the main accommodations to discover a detached 4-car garage, thoughtfully partitioned for individual useadding value and convenience for tenants or personal storage.You are within walking distance to an array of downtown amenities. Indulge in local rest aurants, lush parks, prestigious yacht clubs and marinasall contributing to the allure of this prime real estate offering. Don't miss out on this versatile property that promises a blend of steady income and delightful living.

Request Information
on 668 Thames St
in Newport, RI
Presented by Parker Sizeland at
RE/MAX Professionals of Newport.


Property MLS #1354752 from StateWide

+ Reveal additional info including schools and tax history

+ Toggle All

+ Bedrooms

Bedrooms: 6

+ Other Rooms

Total Rooms: 12
Basement Features: Storage Area, Utility
Basement Description: Full, Unfinished, Access: Bulkhead

+ Bathrooms

Total Bathrooms: 3.00
Full Bathrooms: 3

+ Interior Features

Cathedral Ceilings
Skylight

+ Heating and Cooling

Heating Features: Forced Water
Heating Fuel: Gas
Water Heaters: Gas

+ Waterfront and Water Access

Water Features: Walk to Salt Water

+ Land Info

Lot Description: Corner, Sidewalks
Lot Size Acres: 0.0591
Lot Size Square Feet: 2574

+ Garage and Parking

Garage Spaces: 4
Garage Description: Detached
Parking Total: 5

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Units: 3

+ Other Property Info

Annual Tax Amount: 5297.0000
Source Listing Status: Active
County: Newport
Tax Year: 2023
Source Property Type: 2-4 Units Multi Family
Source Neighborhood: Fifth Ward
Zoning: LB
Property Subtype: Up/Down
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2021	$319,200 + $232,000 $551,200	$5,143
2020	$222,000 + $218,300 $440,300	$4,526
2019	$222,000 + $218,300 $440,300	$4,526
2018	$222,000 + $218,300 $440,300	$4,399
2017	$237,000 + $156,100 $393,100	$4,407
2016	$237,000 + $156,100 $393,100	$4,297
2015	$237,000 + $156,100 $393,100	$4,194
2014	$192,200 + $132,700 $324,900	$3,918
2013	$192,200 + $132,700 $324,900	$3,805

+ Reveal Property Sale History

Listed 2024-03-15
$1,800,000
StateWide

---

Sold 2023-02-21
$1,505,000
StateWide

---

Listed 2023-01-03
$1,500,000
StateWide

---

Sold 2015-05-20
$465,000
StateWide

---

Price Changed 2015-02-19
$499,000
StateWide

---

Price Changed 2015-02-04
$549,000
StateWide

---

Listed 2015-01-15
$599,000
StateWide

+ Building and Construction

Total Square Feet Living: 2592
Year Built: 1900
Building Exterior Type: Vinyl Siding
Insulation: Walls
Property Age: 124
Levels or Stories: 3
Total Above Grade Sqft Area: 2764
Walls: Dry Wall, Plaster

+ Utilities

Electric: 100 Amps
Sewer: Connected, Municipal
Water Source: Connected, Municipal

+ Home Features

Other Equipment: Dishwasher, Dryer, Microwave, Oven/Range, Washer

+ Display Complete School Details

Rogers High School is a public high school located approximately 0.6 miles away.
Map directions

St Michaels Country Day School is a private elementary and middle school located approximately 1 miles away.
Map directions

Frank E. Thompson Middle School is a public elementary and middle school located approximately 1.2 miles away.
Map directions