424 Thames Street, Newport, RI 02840

Newport
Local realty services provided by:ERA Key Realty Services
424 Thames Street,Newport, RI 02840
$2,195,000
Virtual Tour
  • 3 Beds
  • 5 Baths
  • 4,306 sq. ft.
  • Multi-family
  • Active
Listed by: lauren mailloux, hunter parker
Office: our real estate
MLS#:1423765
Source:RI_STATEWIDE

Price summary

  • Price:$2,195,000
  • Price per sq. ft.:$509.75

About this home

424 Thames Street presents a rare opportunity to acquire a mixed-use income-producing property in the heart of Newport's vibrant Lower Thames district. The property features two street-level commercial spaces currently occupied by established retail and service tenants, complemented by a spacious three-bedroom, three-bath residential unit currently operated as a short-term rental. This diversified configuration offers multiple income streams within one of Newport's most active commercial and hospitality corridors. Recent improvements include fresh exterior paint and new decking, highlighted by an incredible rooftop deck offering views of Newport Harbor and the Pell Bridge. With approximately 2,672 square feet across three units, one off-street parking space, and Limited Business (LB) zoning, 424 Thames combines high-visibility commercial frontage with an established residential hospitality component. Ideally situated just steps from Newport Harbor, restaurants, shopping, nightlife,...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1835
  • Subdivision & Development:Downtown Thames
  • Listing ID #:1423765
  • Added:47 day(s) ago
  • Updated:November 06, 2026 at 03:34 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:5
  • Full bathrooms:3
  • Half bathrooms:2
  • Rooms Total:13
  • Flooring:Hardwood
  • Basement:Yes
  • Basement Description:Full, Unfinished
  • Living area:4,306 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Baseboard, Gas

Structure and exterior

  • Year built:1835
  • Building area:4,306 sq. ft.
  • Lot area:0.03 Acres
  • Construction Materials:Wood Siding

Utilities

  • Water:Connected, Public
  • Sewer:Connected, Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$2,195,000
  • Price per sq. ft.:$509.75
  • Tax amount:$7,996 (2025)

Features and amenities

  • Amenities:Gas Water Heater

Parking

  • Total parking spaces:1
  • Parking description:No Garage
MLS LogoThe 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 ERA Key Realty Services are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 State-Wide MLS, Inc. All rights reserved. Date Last Update: November 6, 2026

New listings near 424 Thames Street