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!
Sold for $825,000
$825,000
1028 E Main Rd, Portsmouth, RI 02871
4beds
4,500sqft
Multi Family
Built in 1790
-- sqft lot
$847,600 Zestimate®
$183/sqft
$2,686 Estimated rent
Home value
$847,600
$687,000 - $1.05M
$2,686/mo
Zestimate® history
Owner options
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$2,686/mo
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$2,686/mo
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$4,003/mo
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$4,003/mo
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List your homeWhat's special
Stunning beachesHistoric gemPrivacy and convenienceComfortable living spacesSolidly built home
Zillow last checked:
Listing updated:
Listed by:
Stephen Martel 401-523-6348,
Century 21 Topsail Realty
Bought with:
Parker Sizeland, Res.0045143
Lila Delman Compass
Source: StateWide MLS RI,MLS#: 1386968
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Bathroom
- Features: Bath w Tub & Shower
Heating
- Electric, Oil, Baseboard, Central Air, Forced Air, Forced Water, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Laundry: In Unit
Features
- Wall (Plaster), Plumbing (Copper), Plumbing (Galvanized), Plumbing (Mixed), Plumbing (PVC), Insulation (Unknown)
- Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
- Windows: Insulated Windows
- Basement: Full,Interior and Exterior,Unfinished
- Attic: Attic Stairs
- Number of fireplaces: 1
- Fireplace features: None
Interior area
- Total structure area: 4,600
- Total interior livable area: 4,500 sqft
Property
Parking
- Total spaces: 7
- Parking features: Detached
- Garage spaces: 1
Features
- Stories: 2
- Fencing: Fenced
Lot
- Size: 0.65 Acres
- Features: Secluded
Details
- Additional structures: Outbuilding
- Parcel number: PORTM057B0034B
- Zoning: mix
- Special conditions: Conventional/Market Value
- Other equipment: Cable TV
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Plaster, Clapboard, Shingles, Wood
- Foundation: Stone
Condition
- New construction: No
- Year built: 1790
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers, Individual Meter
- Sewer: Septic Tank
- Water: Individual Meter, Municipal
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming
- Subdivision: East Main Rd
HOA
- Has HOA: No
Location
- Region: Portsmouth
Financial & listing details
- Price per square foot: $183/sqft
- Tax assessed value: $630,800
- Annual tax amount: $8,269
- Date on market: 6/16/2025
- Inclusions: New Septic system plan, Sales Disclosure & Lead
- Total actual rent: 2400
- Tenant pays: Hot Water, Heat
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2025 | Sold | $825,000-1.7%$183/sqft |
Source:  StateWide MLS RI #1386968 Report a problem | ||
| 7/12/2025 | Pending sale | $839,000$186/sqft |
Source: StateWide MLS RI #1386968 Report a problem | ||
| 6/30/2025 | Contingent | $839,000$186/sqft |
Source: StateWide MLS RI #1386968 Report a problem | ||
| 6/16/2025 | Listed for sale | $839,000+379.4%$186/sqft |
Source: StateWide MLS RI #1386968 Report a problem | ||
| 11/27/1995 | Sold | $175,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,377 +1.3% | $630,800 +0.5% |
| 2024 | $8,269 -9.1% | $627,400 +7.4% |
| 2023 | $9,093 | $584,400 |
| 2022 | $9,093 +1.6% | $584,400 |
| 2021 | $8,947 +1.6% | $584,400 |
| 2020 | $8,809 -8% | $584,400 +0.1% |
| 2019 | $9,575 +2.7% | $583,700 |
| 2018 | $9,322 +3.6% | $583,700 |
| 2017 | $9,001 +1.9% | $583,700 +5.7% |
| 2016 | $8,835 +1.3% | $552,200 |
| 2015 | $8,725 +25.5% | $552,200 -10.3% |
| 2010 | $6,953 +0.4% | $615,300 |
| 2009 | $6,928 +3.9% | $615,300 |
| 2008 | $6,670 +17.7% | $615,300 +23.6% |
| 2007 | $5,665 +5.9% | $497,800 |
| 2006 | $5,351 +3.9% | $497,800 |
| 2005 | $5,152 | $497,800 |
Find assessor info on the county website
Neighborhood: 02871
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Nearby schools
GreatSchools rating
- 8/10Portsmouth Middle SchoolGrades: 5-8Distance: 1.6 mi
- 9/10Portsmouth High SchoolGrades: 9-12Distance: 3.4 mi
- 10/10Melville SchoolGrades: PK-4Distance: 1.7 mi
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Estimated market value
$847,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$847,600
- Rhode Island
- Newport County
- Portsmouth
- 02871
- 1028 E Main Rd
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