Renovated Mixed-Use Waterfront
491 Thames Street, Newport, RI 02840
- Added:
- Oct 18, 2025
- Days on Market:
- 227
- Last Refresh:
- Jun 1 at 2:06 pm
Property Features for 491 Thames Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Apartment
- Zoning
- WB
- Rooms
- Basement
- Parking
- 6
- Interior features
- Ceiling Height (7 to 9 Ft), Ceiling Height (9 to 12 Ft)
- Basement
- Full
- Standard status
- Pending
- Size
- 4,800 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13451
Utilities
- Water front features
- Waterfront
- Water front
- 1
Building Details
- Year built
- 1850
- Floors in Building
- 3
- Number of units
- 3
- Building materials
- Frame
Listing agent James Manson (401) 845-9500
Listing office Hogan Associates Christie's 294 Valley Road, Middletown, RI (401) 845-9500
Listing date Oct 18, 2025
MLS# 1395659
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Exceptional income generation from 3 luxury short‑term rental suites and 2 ground‑floor retail spaces.
- Prime location in the high‑traffic Waterfront Business Zone on Lower Thames Street.
- Proven operational success with Airbnb Superhost status for over three years, high ratings, and numerous positive reviews.
- Fully renovated with high‑end finishes, private decks, and harbor views in all suites.
- Two ground‑floor retail spaces with long‑term tenants and annual renewals.
- Includes an on‑site garage and 2 additional parking spaces.
Overview
This fully renovated mixed-use building, constructed in 1840, offers substantial income potential. The property features three luxury short-term rental suites and two ground-floor retail spaces. Situated in the Waterfront Business Zone on Lower Thames Street, the location benefits from high traffic. The suites have been recently renovated with high-end finishes, private decks, and harbor views. The retail units feature stamped ceilings, ceramic tile flooring, and updated bathrooms. Each retail unit measures 800 square feet and is occupied by long-term tenants with annual renewals. The property also includes an on-site garage and two additional parking spaces. The short-term rental suites have maintained Airbnb Superhost status for over three years, with a 4.9-star average rating based on over 500 reviews in the past 12 months. The property size is 4,800 square feet and the lot size is 0.06 acres.
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.314431
- Latitude
- 41.479685
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - High-visibility Newport property with short-term rentals and retail spaces.
Where is this mixed-use property located?
The property is located at 491 Thames Street Newport, RI.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Exceptional income generation from 3 luxury short‑term rental suites and 2 ground‑floor retail spaces.; Prime location in the high‑traffic Waterfront Business Zone on Lower Thames Street.; Proven operational success with Airbnb Superhost status for over three years, high ratings, and numerous positive reviews.
