Discover this unique 3-unit multifamily property nestled in the scenic, rural setting of Hope Valley, directly abutting the area’s beautiful Wood River. Expansive and private backyard with space for gardening, relaxing, or a walk to the river. Built in 1900, this property blends historic charm with investment potential. Units are deceivingly spacious and bright. Units 1 & 2 each have 2 bedrooms. Top floor unit #3 is a 1 bedroom space. Perfect for owner-occupants, long-term rentals, or short-term vacation potential. Does need some TLC but with some attentive renovations, this property could significantly increase in value. Easy access to Rt 95 for points both north to Providence/Boston, west on Rt 138 to Ct, and south or east to the Rhode Island shore. Enjoy the serene surroundings and capitalize on this affordable multifamily opportunity in a growing area. Don’t miss out—properties like this don’t come around often! DO NOT ENTER property without listing agent present!!!
Sold for $450,000
Zestimate®
$450,000
1088 Main St, Hope Valley, RI 02832
5beds
3,125sqft
Multi Family
Built in 1900
-- sqft lot
$450,000 Zestimate®
$144/sqft
$2,319 Estimated rent
Home value
$450,000
$423,000 - $477,000
$2,319/mo
Zestimate® history
Owner options
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$2,319/mo
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$2,319/mo
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$2,244/mo
Est. payment
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$2,244/mo
Est. payment
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List your homeWhat's special
Space for gardeningScenic rural settingExpansive and private backyard
Zillow last checked:
Listing updated:
Listed by:
Delaine Wright 401-787-8165,
Coldwell Banker Coastal Homes
Bought with:
Jeannine Harrington, REB.0019028
The Brown Group Realty
Source: StateWide MLS RI,MLS#: 1391717
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub & Shower
Heating
- Oil, Baseboard, Forced Water
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater, Dryer, Exhaust Fan, Range Hood, Oven/Range, Refrigerator, Washer
- Laundry: Common Area
Features
- Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown), Ceiling Fan(s)
- Flooring: Hardwood, Laminate, Carpet
- Basement: Full,Interior and Exterior,Unfinished,Storage Space,Utility
- Has fireplace: No
Interior area
- Total structure area: 5,184
- Total interior livable area: 3,125 sqft
Property
Parking
- Total spaces: 4
- Parking features: No Garage
Features
- Stories: 3
- Patio & porch: Porch
- Waterfront features: Waterfront, Access, River, Walk To Water
Lot
- Size: 1.24 Acres
- Features: Wooded
Details
- Foundation area: 1250
- Parcel number: HOPKM027B000L00152
- Zoning: R-1
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Shingles, Wood
- Foundation: Concrete Perimeter, Mixed
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Septic Tank
- Water: Private, Well
Community & neighborhood
Community
- Community features: Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants
Location
- Region: Hope Valley
- Subdivision: Hope Valley
HOA & financial
Other financial information
- Total actual rent: 2700
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Sold | $450,000-16.7%$144/sqft |
Source:  StateWide MLS RI #1391717 Report a problem | ||
| 1/20/2026 | Contingent | $540,000$173/sqft |
Source: StateWide MLS RI #1391717 Report a problem | ||
| 9/26/2025 | Price change | $540,000-4.9%$173/sqft |
Source: StateWide MLS RI #1391717 Report a problem | ||
| 8/9/2025 | Listed for sale | $568,000$182/sqft |
Source: StateWide MLS RI #1391717 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,535 +1.5% | $427,400 |
| 2024 | $6,437 +2.7% | $427,400 |
| 2023 | $6,266 +24.1% | $427,400 +56.8% |
| 2022 | $5,049 | $272,500 |
| 2021 | $5,049 +1.4% | $272,500 |
| 2020 | $4,981 -4.7% | $272,500 +7.9% |
| 2019 | $5,224 +3% | $252,600 |
| 2018 | $5,070 | $252,600 |
| 2017 | $5,070 +2.4% | $252,600 +5.3% |
| 2016 | $4,949 +1.3% | $239,800 |
| 2015 | $4,887 -1.3% | $239,800 |
| 2014 | $4,949 +3.7% | $239,800 -0.6% |
| 2013 | $4,771 -1% | $241,300 |
| 2012 | $4,821 +3.3% | $241,300 |
| 2011 | $4,667 +3.9% | $241,300 -15.7% |
| 2010 | $4,492 +6.1% | $286,300 |
| 2009 | $4,234 +2% | $286,300 |
| 2008 | $4,151 +2.2% | $286,300 |
| 2007 | $4,063 +9.6% | $286,300 +36.7% |
| 2004 | $3,708 | $209,400 |
Find assessor info on the county website
Neighborhood: Hope Valley
Nearby schools
GreatSchools rating
- 7/10Hope Valley Elementary SchoolGrades: PK,1-4Distance: 0.2 mi
- 7/10Chariho Regional Middle SchoolGrades: 5-8Distance: 4.3 mi
- 10/10Chariho High SchoolGrades: 9-12Distance: 4.2 mi
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Estimated market value
$450,000
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
$450,000
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