$1,095,000

Multi Unit Portsmouth United States

  • 4 Beds
  • 4 Baths
  • 6,253 Sqft
  • 13,068 Sqft lot
  • Updated: September 20
  • MLS#1423564

About the Property

Well-maintained five-unit multifamily property, zoned commercial, consisting of two separate buildings. The main building at 2803 East Main Road has 3323 sq ft of living space containing four one-bedroom apartments, while the second 959 sq ft building at 2801 East Main Road is a separate two-bedroom residence. The separate buildings provide flexibility for investors as well as owner-occupants. Eac
Well-maintained five-unit multifamily property, zoned commercial, consisting of two separate buildings. The main building at 2803 East Main Road has 3323 sq ft of living space containing four one-bedroom apartments, while the second 959 sq ft building at 2801 East Main Road is a separate two-bedroom residence. The separate buildings provide flexibility for investors as well as owner-occupants. Each unit has its own individual heating and hot water system, with tenants responsible for most utilities. Current rents are below market, providing an opportunity to increase rental income through future rent adjustments. Ample parking is also available. The existing five-unit configuration, separate buildings, individual systems, and established rental income provide a solid foundation for an investor looking to add to a multifamily portfolio or an owner-occupant seeking rental income from the additional units.
  • Property type

    Other

  • Year built

    1887

  • Price/sqft

    $175

Features

  • Fireplace
  • Pool
  • Water View
  • Tennis Court
  • Terrace
  • Parking
  • High Ceiling
  • Basement
  • Bar

Explore the Area

2801 East Main Road, Portsmouth, Rhode Island, United States View on Google Maps
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Kevan Campbell Kevan Campbell background
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Kevan Campbell
Rhode Island, United States
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Kevan Campbell Kevan Campbell background
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2024
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Hogan Associates Christie's International Real Estate - Middletown
Hogan Associates Christie's International Real Estate - Middletown
294 Valley Road, 02842, Middletown, Rhode Island, United States
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Located in Newport and Middletown, Rhode Island, among the country’s most storied gilded age homes, Hogan Associ

Located in Newport and Middletown, Rhode Island, among the country’s most storied gilded age homes, Hogan Associates Christie’s International Real Estate is a leader among Rhode Island luxury brokerages. Our agents are some of the most accomplished high-value specialists in the state with a reputation for quality, integrity, and profound client satisfaction. In partnership with Christie’s, we deliver significant advantages to our seller clients with exquisite, tailored marketing programs that extend around the globe. For buyers, our deep local knowledge and cutting-edge technology means the most direct path to a home that will complement your unique lifestyle. With the global reach of Christie’s world-wide network and a close partnership with Christie’s iconic auction house, our property exposure and search capabilities are second to none. Whether you are a first time buyer or a seasoned investor, we have an agent and a product to serve your needs. When you are ready to discuss your real estate goals, we’ll be standing by to help you get started. 

Last updated
September 20
First listed
Sep 20
Agent licence
#34444 (RI)
Listing reference
RISMLS1423564
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