Date
Details
Price
Change
Source
8/07/2026
Listed
$2,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/22
$2,195,000 Just Listed
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1/22
Property Description
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.
Full Property Details
Full Property Details for 626 Thames St
General
- Price: $2,195,000
- Taxes: $9,428 (2025)
- Status: Active
- Type: Apartment
- Source: STWMLS
- MLS ID: 1419872
- Updated: 8/7/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 20
- Appliances: Gas Water Heater
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 6
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 9
Other Rooms
- Laundry: In Unit
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Total Spaces: 6
- Parking Features: Attached, Garage
Location
- County: Newport
- Subdivision: Downtown - Fifth Ward
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Baseboard, Electric, Gas, Hot Water
Utilities
- Sewer: Connected, Public Sewer
- Water: Connected, Public
- Utility Description: Sewer Connected
Structural Information
- # Buildings: 2
- Architectural Style: Stacked
- Structure Type: Apartment
- Detached/Attached: Detached
- Construction: Shingle Siding
- Basement: Yes
- Basement Desc.: Full, Interior Entry, Unfinished
- Stories/Levels: 0
- Building Size: 4165
- Finished Total: 4,165 Sq. Ft.
- Finished Above Grnd: 4,165 Sq. Ft.
- Year Built: 1918
Lot Features
- Lot Size (Acres): 0.064
- Lot Size (Sq. Ft.): 2,788
- Lot Size: 2788
Financial Considerations
- Operating Expenses: $63,793
- Tax Amount: $9,428
- Tax Year: 2025
Disclosures and Reports
- 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.
- Property ID: 626THAMESSTNEWP
- Lot Number: 123
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Schools
Schools serving 626 Thames St
School District:Newport School District, Newport, RI
| Name | Grades | Distance |
|---|---|---|
Frank E. Thompson Middle School 55 Broadway, Newport, RI 02840 | 5-8 | 1.2 mi |
Pell Elementary School 35 Dexter Street, Newport, RI 02840 | PK-4 | 2.3 mi |
Rogers High School 15 Wickham Road, Newport, RI 02840 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 626 Thames St
Estimate the Cost
Estimate the Cost for 626 Thames St
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- Multi-Family
- Active
- Updated 22 hours ago
- 2Units
- 4Total Beds
- 0.57Acres
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 4Total Baths
- 4,008Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 5Total Baths
- 4,446Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 5Beds
- 6Total Baths
- 10,263Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,308Sq. Ft.
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626 Thames Street, Newport, RI 02840 (MLS# 1419872) is a Apartment property with 9 bedrooms, 6 full bathrooms and 1 partial bathroom. 626 Thames Street is currently listed for $2,195,000 and was received on August 05, 2026. Want to learn more about 626 Thames Street? Do you have questions about finding other Apartment real estate for sale in Newport? You can browse all Newport real estate or contact a Coldwell Banker agent to request more information.