$650,000
$49K PRICE DROP

167 Water St Portsmouth, RI 02871

Estimated payment $4,134/month

Total Views 5,355
3 Beds
2 Baths
1,470 Sq Ft
$442 Price per Sq Ft

Highlights

  • Marina
  • Water Views
  • Golf Course Community
  • Portsmouth High School Rated A-
  • Guest House
  • Water Access

About This Home

Welcome to 167 Water Street in Portsmouth's desirable Water St neighborhood. This coastal property offering breathtaking water views and direct access to the shoreline. This classic 3-bedroom Cape blends New England charm with flexible living, featuring a bright and inviting main residence with hardwood floors and plenty of natural light. The property also includes a detached accessory dwelling unit, providing the perfect opportunity for multigenerational living, a guest suite, or potential rental income. Enjoy peaceful mornings with coffee overlooking the water and spend your evenings hosting in the spacious yard. Additional highlights include a 1-car garage, ample off-street parking, and a prime location near local restaurants, beaches, and all that the East Bay has to offer. Whether you're looking for a year-round home, a vacation retreat, or an income-generating investment, 167 Water Street delivers the best of coastal Rhode Island living.

Listing Agent

Christine Farley

Century 21 Topsail Realty License #REB.0018255 Listed on: 07/03/2025

Century 21 Topsail Realty

Co-Listing Agent

Therese de Groen

Century 21 Topsail Realty License #RES.0047198

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,396

Year Built

  • Built in 1880

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Fixer Upper
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,470 Sq Ft Home
  • 2-Story Property
  • Fireplace Features Masonry
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck
  • Outbuilding

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Oil Water Heater
  • Septic Tank

Additional Features

  • 0.35 Acre Lot
  • Guest House

Listing and Financial Details

  • Tax Lot 43
  • Assessor Parcel Number 167WATERSTPORT

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Water St Subdivision

Amenities

  • Restaurant

Recreation

  • Marina
  • Golf Course Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,396

Year Built

Built in 1880

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.35
  • Co List Office Mls Id: CE2129
  • Co List Office Phone: 401-683-4900
  • Inclusions: Accessory Dwelling Unit on Property with 1 bedroom & 1 bath. Connected to water, electric & septic and newer boiler
  • Subdivision Name: Water St
  • Above Grade Finished Sq Ft: 1470.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1880
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Oven, Oil Water Heater, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 2

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Water Access, Walk to Water
  • Construction Type: Drywall, Vinyl Siding
  • Exterior Features: Deck, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Other Structures: Guest House, Outbuilding
  • Patio And Porch Features: Deck
  • Property Condition: Fixer

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Schools, Restaurant
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15246.0
  • Parcel #: 167WATERSTPORT
  • Zoning: R20

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6396.0
  • Tax Lot: 43
  • Tax Map Number: 31
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $6,396 $485,300 $300,200 $185,100
2023 $6,202 $485,300 $300,200 $185,100
2022 $6,087 $391,200 $261,100 $130,100
2021 $5,989 $391,200 $261,100 $130,100
2020 $5,895 $391,200 $261,100 $130,100
2019 $5,410 $329,900 $194,700 $135,200
2018 $5,269 $329,900 $194,700 $135,200
2017 $5,087 $329,900 $194,700 $135,200
2016 $5,118 $319,900 $182,600 $137,300
2015 $5,054 $319,900 $182,600 $137,300
2014 $5,054 $319,900 $182,600 $137,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $650,000 -- $442 / Sq Ft
Source: State-Wide MLS

Mortgage History

Date Status Loan Amount Loan Type
Closed $82,000 No Value Available
Source: Public Records

Source: State-Wide MLS

MLS Number: 1389187

State-Wide MLS

APN: PORT-000031-000000-000043

Rhode Island Newport County Portsmouth 02871

167 Water St, Portsmouth, RI

This home is located at 167 Water St, Portsmouth, RI 02871 and is currently priced at $650,000, approximately $442 per square foot. This property was built in 1880. 167 Water St is a home located in Newport County with nearby schools including Portsmouth High School, St. Philomena School of the Sacred Heart, and Portsmouth Abbey School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

State-Wide MLS 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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Christine Farley
Listing Agent
Christine Farley
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Century 21 Topsail Realty
(401) 593-4501