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Off market
  • $2,697,800

    429-431 Thames St, Newport, RI 02840

    10beds
    --sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $2,697,800 Zestimate®
    $--/sqft
    $3,384 Estimated rent

    Home value

    $2,697,800

    $2.29M - $3.18M

    $3,384/mo

    Zestimate® history
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    Owner options

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    $3,384/mo

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    $3,384/mo

    Rent Zestimate®

    Refinance and save

    $13,092/mo

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    $13,092/mo

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    What's special

    This Mixed Use property is located in the center of Newport's bustling Thames Street Waterfront area - zoned Waterfront Business. The property has two buildings: 429-431 Thames Street -1 Lee's Wharf & 3 Lee's Wharf. Units include 2 store front retail spaces, 4 residential apartments, 2 garage spaces & 2 off-street parking spaces. The retail spaces offer great visibility with street level access on Thames Street. The residential units include a newly updated 3+ bedroom townhouse style penthouse with fabulous harbor views from the 3rd & 4th floors and a large deck, a 4-bedroom unit on the 2nd floor that has been completely gutted & renovated, an updated 2-bedroom over the garage, and a 1-bedroom unit. Currently the residential units are mixed summer, winter & yearly leases. A great opportunity with strong income history & extraordinary growth potential!!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 7
    • Full bathrooms: 7
    Appliances
    • Laundry: Common, In Units

    Property

    Parking
    • Total spaces: 2
    Lot
    • Size: 2,909 Square Feet
    Details
    • Parcel number: NEWPM032B0021L4

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breaker, Individual Meter
    • Sewer: Connected, Municipal

    Community & HOA

    Location
    • Region: Newport

    Financial & listing details

    • Tax assessed value: $1,354,900
    • Annual tax amount: $9,728

    Price history

    DateEventPrice
    3/3/2020Listing removed$2,485,000
    Source: Lila Delman Real Estate #1248560 Report a problem
    3/2/2020Listed for sale$2,485,000+30.8%
    Source: Lila Delman Real Estate #1248560 Report a problem
    4/28/2017Sold$1,900,000+1954.1%
    Source: Public Record Report a problem
    3/28/2003Sold$92,500-83.9%
    Source: Public Record Report a problem
    5/11/2000Sold$574,000-1%
    Source: Public Record Report a problem
    3/1/1999Sold$580,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,728 $1,354,900
    2024-- $1,354,900 +7%
    2023-- $1,265,700
    2022-- $1,265,700
    2021-- $1,265,700 +1.9%
    2020-- $1,242,100
    2019-- $1,242,100
    2018-- $1,242,100 +19.8%
    2017-- $1,036,400
    2016-- $1,036,400
    2015-- $1,036,400 +75.9%
    2002-- $589,100
    Find assessor info on the county website

    Neighborhood: Harbor/Lower Thames

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,697,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,697,800