Seller's Agent in 2025
Stephen Martel
Century 21 Topsail Realty
(401) 523-6348
2 in this area
46 Total Sales
1028 E Main Rd Portsmouth, RI 02871
South Portsmouth Neighborhood
4
Beds
4
Baths
4,600
Sq Ft
0.65
Acres
Highlights
- Golf Course Community
- Private Lot
- Attic
- Portsmouth High School Rated A-
- Wood Flooring
- 1 Fireplace
About This Home
As of September 2025Prime 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!
Last Agent to Sell the Property
Century 21 Topsail Realty License #RES.0043118 Listed on: 06/16/2025
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
- Tenant pays for hot water
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 16, 2025
Closed on
Sep 17, 2025
Sold by
Feijo Patricia
Bought by
Henrique Renata and Henrique Marcos
Seller's Agent
Stephen Martel
Century 21 Topsail Realty
Buyer's Agent
William Parker Sizeland
Lila Delman Compass
List Price
$839,000
Sold Price
$825,000
Premium/Discount to List
-$14,000
-1.67%
Views
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,650
Avg. Annual Appreciation
0.65%
Original Mortgage
$618,750
Outstanding Balance
$617,656
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$208,994
Purchase Details
Closed on
Jul 2, 2019
Sold by
Shalom Messiah Y
Bought by
Feijo Patricia
Purchase Details
Closed on
May 26, 2016
Sold by
Lamont Leo S and Lamont Sherry Helen
Bought by
Lamont Leo S and Lamont Sherry Helen
Purchase Details
Closed on
Nov 27, 1995
Sold by
Sahagian Oscar and Dermanouelian Aram
Bought by
Feijo Patricia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.47%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $825,000 | -- | |
| Warranty Deed | $825,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $175,000 | -- | |
| Warranty Deed | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $618,750 | New Conventional | |
| Closed | $618,750 | New Conventional | |
| Previous Owner | $155,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/18/2025 09/18/25 | Sold | $825,000 | -1.7% | $179 / Sq Ft |
| 07/12/2025 07/12/25 | Pending | -- | -- | -- |
| 06/16/2025 06/16/25 | For Sale | $839,000 | -- | $182 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $8,377 | $630,800 | $288,200 | $342,600 |
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Martel
-
William Parker Sizeland
Buyer's Agent in 2025
William Parker Sizeland
Lila Delman Compass
(401) 862-7428
6 in this area
58 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1386968
APN: PORT-000057-000000-000034B
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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