Short Term Rental

Newport, RI Short Term Rental Properties for Sale

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Middletown, RI Jamestown, RI Portsmouth, RI Narragansett, RI North Kingstown, RI Little Compton, RI South Kingstown, RI Tiverton, RI
Updated 3-Unit Multifamily Property
Updated: Aug 5
Updated 3-Unit Multifamily Property

626 Thames Street, Newport, RI 02840

$2,195,000
4,165 sqft
Three‑unit triplex with 4,165 square feet of building area
Off‑street parking for up to five vehicles plus a detached garage
New roof installed in 2022
Boiler and hot water tank replaced in 2023
Updated electrical service
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Renovated Mixed-Use Waterfront Building
Updated: Oct 18, 2025
Renovated Mixed-Use Waterfront Building

491 Thames, Newport, RI 02840

$3,250,000
4,800 sqft
Exceptional income generation from three luxury short‑term rental suites and two ground‑floor retail spaces.
Fully renovated with high‑end finishes, private decks, harbor views in suites; stamped ceilings, ceramic tile flooring, and updated baths in retail units.
Proven operational stability with Airbnb Superhost status for over three years, a 4.9‑star average, and high review volume.
Prime location in the high‑traffic Waterfront Business Zone on Lower Thames Street.
Additional income from two 800 sq. ft. retail units with long‑term tenants and annual renewals.
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Newport, RI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Upgraded Duplex Near Beach
Upgraded Duplex Near Beach

4 James Street, Middletown, RI 02842

$1,800,000
5,144 sqft 0.25 AC lot

Two rental units offer flexible layouts, furnished interiors, and seasonal occupancy through May 2026.

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Six-Bedroom Duplex with Upgrades
Six-Bedroom Duplex with Upgrades

31 Gilmore Street, Providence, RI 02907

$589,900
2,835 sqft 0.08 AC lot

Multifamily property currently configured for short-term rental use with updated plumbing, insulation, and heating systems.

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Licensed Short-Term Rental Home
Licensed Short-Term Rental Home

57 Tuckerman Avenue, Middletown, RI 02842

Contact for pricing
3,907 sqft

2018 custom-built home operates as a licensed short-term rental and offers ocean views from all three levels.

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Updated Furnished Duplex
Updated Furnished Duplex

50 Stamford Avenue, Providence, RI 02907

$660,000

Furnished duplex with hardwood floors and an established short-term rental operation.

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Newport, RI Short Term Rental Properties Market Trends and Statistics

Explore 2 short term rental properties for sale in Newport, RI on our real estate platform. These investment opportunities span a total of 8,965 square feet of properties for sale, with an estimated market value of $5,445,000.

Sale prices for short term rental properties in Newport, RI start at $2,195,000, averaging $2,722,500, and reaching up to $3,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Duplexes 19
Short term rental properties 3
Triplexes 3

Demographics Overview

Population 25K
Population Growth (5Y) -5.8%
Median Household Income $83,515
College Educated 81.9%

High-Yield Neighborhoods for Investment

Identify Newport submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
02840 $2.7M

Taxes & Financing

Tax Rate (average for all types) 1.47%
Property Tax per SF $6.96 per SF
Tax Rate vs County Average 0.18 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Newport County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Newport County

Office

Residential Income

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