2801 East Main RD, Portsmouth, RI 02871
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2801 East Main RD, Portsmouth, RI 02871
2801 East Main RD, Portsmouth, RI 02871
2801 East Main RD, Portsmouth, RI 02871
2801 East Main RD, Portsmouth, RI 02871
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Camila Oliviera

Camila Oliviera

+1(617) 869-0942
$ 1,095,000
Est. payment /mo
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2801 East Main RD Portsmouth, RI 02871

4 Beds

4 Baths

6,253 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,253 sqft

Price per Sqft $175

MLS Listing ID 1423564

Style Stacked

Bedrooms 4

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 6,253

Year Built 1887

Annual Tax Amount $7,164

Tax Year 2025

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Multi Family

Property Description

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.

Location

State RI

County Newport

Zoning C

Rooms

Basement Full, Unfinished

Interior

Interior Features Cathedral Ceiling(s), High Ceilings, Interior Steps, Tub Shower, Vaulted Ceiling(s), Cable TV

Heating Baseboard, Electric, Forced Air, Gas

Cooling Window Unit(s)

Flooring Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet

Fireplaces Number 1

Fireplace Yes

Appliance Dryer, Electric Water Heater, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Tankless Water Heater, Water Heater, Washer

Laundry Common Area

Exterior

Exterior Feature Paved Driveway

Community Features Golf, Highway Access, Marina, Near Schools, Pool, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)

Total Parking Spaces 6

Garage No

Building

Lot Description Paved

Foundation Combination

Sewer Septic Tank

Water Connected

Architectural Style Stacked

Structure Type Drywall,Other,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 28012803EASTMAINRDPORT

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Listed by Hogan Associates Christie's
Camila Oliviera

Camila Oliviera

Agent License ID: 9537447

+1(617) 869-0942

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2801 East Main RD