For sale

$1,749,900

28 Park Ave, Wakefield, RI 02879

16beds

10,168sqft

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Multi Family

Built in 1903

-- sqft lot

$-- Zestimate^®

$172/sqft

$-- HOA

What's special

Double sub-dividable lot

INVESTORS TAKE NOTE. The opportunity is a 10,168 sqft, 15+/- unit, Victorian home on a double, sub-dividable lot. 28 Park Ave is located in the desirable Matunuck neighborhood and just a short walk from amazing local beaches, surf, and restaurants. The additional building lot creates a rare opportunity for expansion or new construction. With strong rental demand driven by proximity to local beaches, downtown Wakefield, the University of Rhode Island, shopping, dining, and major commuter routes, this asset is well-positioned for long-term growth. This property is in need of some renovation to a number of the units to maximize your return while a number of them are ready for rent. Buyers to do their own diligence of potential uses and subdivision. Put your mark on this iconic Rhode Island town and property before someone else does!

24 days

1,405

82

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 12
Full bathrooms: 12

Heating

Oil, Baseboard, Zoned

Cooling

None

Appliances

Laundry: Common Area

Features

Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
Flooring: Hardwood
Basement: Full,Bulkhead,Unfinished
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 10,168
Total interior livable area: 10,168 sqft

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Property

Parking

Total spaces: 16
Parking features: No Garage

Features

Stories: 4
Has view: Yes
View description: Water
Has water view: Yes
Water view: Water
Waterfront features: Walk to Salt Water

Lot

Size: 0.77 Acres

Details

Foundation area: 2660

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Dry Wall, Plaster, Aluminum Siding, Shingles
Foundation: Concrete Perimeter, Mixed

Condition

New construction: No
Year built: 1903

Utilities & green energy

Electric: 200+ Amp Service
Sewer: Septic Tank
Water: Municipal, Public
Utilities for property: Water Connected

Community & HOA

Community

Features: Golf, Marina, Restaurants, Near Swimming

HOA

Has HOA: No

Location

Region: Wakefield

Financial & listing details

Price per square foot: $172/sqft
Annual tax amount: $8,669
Date on market: 6/16/2026
Inclusions: BUYERS TO PERFORM THEIR OWN DILIGENCE ON POTENTIAL USES.
Total actual rent: 0

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/16/2026	Listed for sale	$1,749,900-7.9%$172/sqft
Source: StateWide MLS RI #1415485 Report a problem
8/29/2025	Listing removed	$1,900,000$187/sqft
Source: StateWide MLS RI #1379709 Report a problem
8/26/2025	Listed for sale	$1,900,000$187/sqft
Source: StateWide MLS RI #1379709 Report a problem
7/4/2025	Contingent	$1,900,000$187/sqft
Source: StateWide MLS RI #1379709 Report a problem
6/23/2025	Price change	$1,900,000-13.6%$187/sqft
Source: StateWide MLS RI #1379709 Report a problem
3/10/2025	Listed for sale	$2,200,000$216/sqft
Source: StateWide MLS RI #1379709 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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