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Under contract
    • $2,195,000

    626 Thames St, Newport, RI 02840

    9beds
    4,165sqft
    : 
    $12,997/mo
    Get pre-qualified
    Multi Family
    Built in 1918
    -- sqft lot
    $2,113,200 Zestimate®
    $527/sqft
    $-- HOA

    What's special

    Located in the heart of Newport's vibrant Lower Thames Street district, 624-626 Thames Street presents a rare opportunity to own a three-unit income-producing property in one of the city's most desirable locations. Updated living spaces blend modern finishes with Newport charm, while the first-floor unit is currently configured for residential use and offers additional value-add potential. Off-street parking for up to five vehicles and a detached garage provide amenities rarely found downtown. Significant property improvements include a new roof in 2022, replacement of the boiler and hot water tank in 2023, and updated electrical service. Situated just steps from Newport Harbor, renowned restaurants, shopping, and attractions, the property offers exceptional flexibility and income potential while combining residential versatility with commercial potential in the Limited Business (LB) Zone, creating opportunities for future use and configuration subject to buyer due diligence and applicable approvals. Property benefits from a valid Transient Guest Facility license, allowing for legal short-term rental operations in accordance with applicable state and local regulations.
    24 days
    776
    45

    Zillow last checked:

    Listing updated:

    Listed by:

    Lauren Mailloux 401-835-7778,

    Our Real Estate,

    Hunter Parker 508-858-9947,

    Our Real Estate

    Source: StateWide MLS RI,MLS#: 1419872MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 7
      • Full bathrooms: 6
      • 1/2 bathrooms: 1
      Heating
      • Electric, Natural Gas, Baseboard, Forced Water, Gas Connected
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Gas Water Heater
      • Laundry: In Unit
      Features
      • Flooring: Hardwood
      • Basement: Full,Interior Entry,Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 4,165
      • Total interior livable area: 4,165 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 6
      • Parking features: Attached
      • Attached garage spaces: 1
      Lot
      • Size: 2,787 Square Feet

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Shingles
      Condition
      • New construction: No
      • Year built: 1918

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Sewer: Public Sewer
      • Water: Municipal
      • Utilities for property: Sewer Connected, Water Connected

      Community & HOA

      Community
      • Subdivision: Downtown - Fifth Ward
      HOA
      • Has HOA: No
      Location
      • Region: Newport

      Financial & listing details

      • Price per square foot: $527/sqft
      • Annual tax amount: $9,428
      • Date on market: 8/5/2026
      • Inclusions: Units 2 and 3 have short term rental registrations in place. Income numbers for the breakdown of units 2 and 3 are based on the total yearly gross rental income of $159, 106 for both units, divided into monthly amounts. Exact income varies based on the month. Unit 1 has been a yearly rental for multiple years and will be vacant as of September 1, 2026. Buyer to do all due diligence for their own STR permits upon ownership.
      • Total actual rent: 15733

        Estimated market value

        $2,113,200

        $2.01M - $2.22M

        Not available

        Price history

        DateEventPrice
        8/18/2026Contingent$2,195,000$527/sqft
        Source: StateWide MLS RI #1419872 Report a problem
        8/7/2026Listed for sale$2,195,000$527/sqft
        Source: StateWide MLS RI #1419872 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Fifth Ward

        Getting around

        86 / 100
        Very Walkable
        24 / 100
        Minimal Transit
        53 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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