$2,200,000

2951 E Main Rd Portsmouth, RI 02871

Estimated payment $13,382/month

Total Views 1,472
2.84 Acres
$774,648 Price per Acre
123,710 Sq Ft Lot

Highlights

  • Marina
  • Barn
  • Recreation Facilities
  • Portsmouth High School Rated A-
  • 2.84 Acre Lot
  • Public Transportation

About This Lot

A rare opportunity in the heart of Portsmouth, Rhode Island. 2951 East Main Road offers multiple paths forward for developers, investors, and visionaries alike. Set on 2.84 acres, the property is anchored by a 6-unit Second Empire Victorian farmhouse, dating back to 1865 and listed on the National Register of Historic Places, with three turnkey condominiums currently available to rent or sell at retail. The property also features multiple outbuildings, most notably a 5,623 sq. ft. barn that has been fully approved to be retrofitted into 4 residential units. The complete development package encompasses site plans, septic approvals, and full engineered and architectural renderings. Current approvals allow for a total of 26 residential units across the property: six condominium units within the historic farmhouse (three already sold), four units in the converted barn, and sixteen additional ground-up new construction residences. Borden Farm traces its roots back to the 1600s when the land was deeded to the Borden family by the King of England. Today, it stands as both a testament to Portsmouth's past and an extraordinary canvas for the future.

Listing Agent

Kevin Castner

RE/MAX Results License #RES.0035348 Listed on: 08/29/2025

RE/MAX Results

Co-Listing Agent

Tyler Bernadyn

RE/MAX Results License #REB.0019892

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,500

Lot Details

  • 2.84 Acre Lot
  • Lot Has A Rolling Slope
  • Finished Lot(s)
  • Property is zoned Condominium,Residential

HOA Fees

  • $863 Monthly HOA Fees

Farming

  • Barn

Listing and Financial Details

  • Tax Lot 32A
  • Assessor Parcel Number 29512967EASTMAINRDPORT

Community Details

Overview

  • Borden Farm Estates Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Recreation Facilities
  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$7,500

Lot Details

0

HOA Fees

$863 per month

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 2.84
  • Road Surface Type: Gravel
  • Co List Office Mls Id: RMAX45
  • Co List Office Phone: 401-848-7827
  • Subdivision Name: Borden Farm Estates
  • New Construction: No
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: Rolling Slope
  • Topography: Rolling
  • Disclosures: Septic Disclosure
  • Construction Type: Other
  • Other Structures: Barn(s), Outbuilding

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Natural Gas Connected, Municipal Utilities, Water Connected, Water Available
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Sidewalks
  • Senior Community: No
  • Association Fee: 863.0
  • Association Fee Frequency: Monthly

Lot Info

  • Development Status: Finished Lot(s)
  • Land Lease: No
  • Lot Size Sq Ft: 123711.0
  • Parcel #: 29512967EASTMAINRDPORT
  • Zoning Description: Condominium,Residential
  • Zoning: C

Tax Info

  • Tax Annual Amount: 7500.0
  • Tax Lot: 32A
  • Tax Map Number: 31
  • Tax Year: 2025

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 For Sale $2,200,000 0.0% --
06/20/2023 06/20/23 Rented $1,900 -5.0% --
06/06/2023 06/06/23 For Rent $2,000 -- --
Source: State-Wide MLS

Source: State-Wide MLS

MLS Number: 1393802

State-Wide MLS