# 491 Thames Street, Newport, RI 02840

> **TL;DR:** commercial, $3,250,000, built 1850.
> Waterfront, View, A/C. Est. $14,083/mo. Listed 174 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,250,000 |
| Year Built | 1850 |
| Lot Size | 2,614 sqft (0.06 acres) |
| Stories | 3 |
| Property Type | Commercial (Apartment) |
| Status | For Sale |
| Days on Market | 174 |

## Why This Home Stands Out

- **Waterfront** - Direct water access
- **Views** - Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $14,083 |
| **Total** | **$14,083** |

## Key Amenities

- Waterfront
- View
- A/C

## Property Highlights

- Built in 1850
- 0.06 acre lot
- 3 stories
- 6 parking spaces
- Waterfront

## Description

### Agent Description
This high visibility, fully renovated 1840 mixed-use building delivers exceptional income from three luxury short-term rental suites and two ground-floor retail spaces. It is located in the Waterfront Business Zone, a high traffic area on Lower Thames Street. All suites are recently renovated with high-end finishes, private decks, and harbor views. The retail units have been renovated with stamped ceilings, ceramic tile flooring and updated baths. Each 800 sq. ft. unit provides additional income with proven long-term tenants with annual renewals. The property also includes an on-site garage and 2 additional parking spaces. Current operations have maintained 3 registered, legal suites in 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. Offered at $3,250,000 USD, this property combines historic charm, operational stability and exceptional income - a rare opportunity in Newport's thriving waterfront market.

## Location

- **Address:** 491 Thames Street, Newport, RI 02840
- **County:** Newport
- **Neighborhood:** Thames Street Harbour
- **Coordinates:** 41.479685, -71.314431
- **Google Maps:** https://www.google.com/maps?q=41.479685,-71.314431

## Listing Agent

- **Name:** James Manson
- **Brokerage:** Hogan Associates Christie's
- **Phone:** (401) 845-9500
- **Email:** ebaysan@aol.com

## Primary Photo

![491 Thames Street - Primary Photo](http://lh.rdcpix.com/0d2f79c81edb2af443ab888b773674e8l-f1669244585r.jpg)

*43 total photos available on [listing page](https://www.propertysimple.com/listing/491-thames-street-newport-ri-02840-1395659)*

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**MLS#:** 1395659 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2025 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.*

[View on PropertySimple](https://www.propertysimple.com/listing/491-thames-street-newport-ri-02840-1395659)

---

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