491 Thames Street Newport, RI 02840

Building Details

Year Built

1850

Listing Agency Hogan Associates Christie's e***@aol.com Show Phone

Listed by James Manson Show Phone

Source Liongatere

Added: Oct 18, 2025 Checked: Jul 15 at 3:33 pm

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Investment Insights

Based on property information with market context.

This renovated mixed-use building, constructed in 1840, offers income potential from three luxury short-term rental suites and two ground-floor retail spaces. The property is situated in the Waterfront Business Zone, a high-traffic area on Lower Thames Street. The suites have been renovated with high-end finishes, private decks, and harbor views. The retail units feature stamped ceilings, ceramic tile flooring, and updated baths. Each 800 sq. ft. unit provides additional income with long-term tenants with annual renewals. The property includes an on-site garage and two additional parking spaces. The suites have maintained Airbnb Superhost status for over three years, with a 4.9-star average, 92% 5-star reviews and over 500 reviews in the past 12 months. This property combines historic charm, operational stability and income potential in Newport's waterfront market.

Key Highlights

• High income generation from three luxury short‑term rental suites and two ground‑floor retail spaces.
• Prime location in the high‑traffic Waterfront Business Zone on Lower Thames Street.
• Proven short‑term rental success with Airbnb Superhost status, high ratings, and numerous positive reviews.

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FAQs

What type of property is this?

Mixed-use property - High-visibility, renovated mixed-use building with income potential.

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: High income generation from three luxury short‑term rental suites and two ground‑floor retail spaces.; Prime location in the high‑traffic Waterfront Business Zone on Lower Thames Street.; Proven short‑term rental success with Airbnb Superhost status, high ratings, and numerous positive reviews.