1028 E Main Rd Portsmouth, RI 02871
South Portsmouth NeighborhoodEstimated payment $5,159/month
Highlights
- Golf Course Community
- Private Lot
- Attic
- Portsmouth High School Rated A-
- Wood Flooring
- 1 Fireplace
About This Home
Prime Investment Opportunity Two Single-Family Homes with Outbuildings in Portsmouth, RI! Located just minutes from Newport and Middletown's stunning beaches, this unique property offers endless possibilities. Currently utilized as residential rentals with month-to-month leases in place, it's a versatile investment suited for income generation, commercial use, or even a multi-generational living setup. Each home has its own distinct charm and comfortable living spaces, ensuring privacy and convenience. Front House (Built in 1790): 3 bedrooms, 1.5 baths a historic gem needing some TLC to restore its full potential. Rear House (Built in the 1950s): 1 bedrooms, 1.5 baths a solidly built home offering additional space and opportunity. Nestled within a vibrant business zone, this property is perfect for entrepreneurs, investors, or those seeking a flexible real estate venture. Don't miss out on this rare opportunity in a highly desirable location!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,269
Year Built
- Built in 1790
Lot Details
- 0.65 Acre Lot
- Fenced
- Private Lot
- Secluded Lot
Parking
- 1 Car Detached Garage
Home Design
- Stone Foundation
- Wood Siding
- Shingle Siding
- Clapboard
- Plaster
Interior Spaces
- 4,600 Sq Ft Home
- 2-Story Property
- 1 Fireplace
- Thermal Windows
- Permanent Attic Stairs
- Laundry in unit
Flooring
- Wood
- Carpet
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Oil
- Heat Pump System
- Baseboard Heating
- Hot Water Heating System
- 100 Amp Service
- Water Heater
- Septic Tank
- Cable TV Available
Additional Features
- Outbuilding
- Property near a hospital
Listing and Financial Details
- Tax Lot 34B
- Assessor Parcel Number 1028EASTMAINRDPORT
Community Details
Overview
- 3 Buildings
- 2 Units
- East Main Rd Subdivision
Amenities
- Shops
- Restaurant
- Public Transportation
Recreation
- Golf Course Community
- Recreation Facilities
Building Details
- Operating Expense $9,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,269 | $627,400 | $288,200 | $339,200 |
| 2023 | $8,018 | $627,400 | $288,200 | $339,200 |
| 2022 | $9,093 | $584,400 | $275,100 | $309,300 |
| 2021 | $8,947 | $584,400 | $275,100 | $309,300 |
| 2020 | $8,807 | $584,400 | $275,100 | $309,300 |
| 2019 | $9,573 | $583,700 | $275,100 | $308,600 |
| 2018 | $9,322 | $583,700 | $275,100 | $308,600 |
| 2017 | $9,001 | $583,700 | $275,100 | $308,600 |
| 2016 | $8,835 | $552,200 | $273,400 | $278,800 |
| 2015 | $8,725 | $552,200 | $273,400 | $278,800 |
| 2014 | $8,725 | $552,200 | $273,400 | $278,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/12/2025 07/12/25 | Pending | -- | -- | -- |
| 06/16/2025 06/16/25 | For Sale | $839,000 | -- | $182 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $175,000 | -- | |
| Warranty Deed | $175,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $155,000 | Commercial |
Source: State-Wide MLS
MLS Number: 1386968
APN: PORT-000057-000000-000034B
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