Backup offers
$8,894 Closing Credit¹
#1377346, Listing Office: RE/MAX Profnl. Newport, Inc.
$879,000 List price
494 Thames St Newport, RI 02840
$10,000
Closing credit¹
2 beds
2 full
1,072 sqft
0.02 acres
$820 / sqft
House
Property details
About 494 Thames St
Rare opportunity to own a unique single-family home in the heart of Newport and the Limited Business zone. Located right on Thames Street across from Waites Wharf and O'Brien's Pub, enjoy the luxury of walking out your front doorstep and being surrounded by popular restaurants, shops, nightlife, and the Newport waterfront. This solid, masonry-built home provides three levels of living and a third-floor balcony with views of the Newport harbor or great visibility up and down all the action on lower Thames. The interior offers two recently renovated full baths, Anderson windows throughout, a full basement, gas heat, a modern kitchen that opens up to a secluded courtyard, and recently installed hardwood floors on the third floor. This is a great opportunity to own one of only a few single-family homes on Thames Street and enjoy this prime in-town location! Off-street parking options are available nearby.
Highlights
Home typeSingle Family Residence
HeatingBaseboard, Natural Gas, Hot Water, Zoned
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingWindow Unit(s)
Size1,072 sqft
BasementYes
Lot size0.0188 Acres
Year built1930
ParkingNo Garage
MLS #1368786
WaterfrontWaterfront
ViewWater
Summary
- MLS Number: 1368786
- MLS Name: RIS
- Office Name: Edge Realty RI
- Office Phone: (401) 783-1007
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 9:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$879,000
494 Thames St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 29, 2022 | Home Sold | $800,000 |
| Jan 15, 2019 | Home Sold | $529,000 |
| Oct 26, 2016 | Home Sold | $440,000 |
| Mar 30, 2010 | Home Sold | $275,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $756,900 | $6,222 |
| 2023 | $500,500 | $4,965 |
| 2022 | $501,100 | $4,816 |
| 2021 | $501,100 | $4,675 |
| 2020 | $269,700 | $2,773 |
| 2019 | $269,700 | $2,773 |
History based on county public records data.
Nearby schools
4
Claiborne Pell Elementary School
Public District PK-4
2.1 mi
•35 Dexter St
5
Joseph Gaudet Academy
Public District 4-4
3.3 mi
•1113 Aquidneck Ave
7
Melrose Avenue School
Public District PK-4
3.7 mi
•76 Melrose Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $73,902. Typical income of Newport, RI residents is between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
22%
<35k
46%
35k-100k
26%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
76%
Single, No Kids
4%
Single, with Kids
14%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
2%
12-17 yrs old
49%
18-34 yrs old
31%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Yoga/pilates
Continuing Education Courses
Symphony or Opera
Where do the neighbors shop?
H&M
Express/Express For Men
Chico's
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Boston Market
What do the neighbors drive?
Audi
Volkswagen
Volvo
What do the neighbors listen to?
Alternative
Urban Contemporary
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Newport, RI
About 494 Thames St
This home is located at 494 Thames St in Newport, RI and zip code 02840. This 1,072 square foot home, which was built in 1930, sits on a 0.02 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 17, 2024 and is currently priced at $879,000.
While more than 2 listings in Newport, RI in February 2025 were sold above asking price, there were more than 3 listings sold at asking price, and more than 8 were sold below. In February 2025 in Newport, RI there were 8.5% more homes for sale than in January. In February 2025 median list price was $909,500 and the average listing age was 77 days.
From Rocket Homes Real Estate and based on county public records data.