Sold
Last Sold Price
4 beds4,600 sqft$179/sqft
1028 E Main Rd, Portsmouth, RI 02871
Multi FamilyProperty Type
0.65 acresLot Size
1790Year Built
$179/sq ftPrice per sq ft
7 carsParking Spaces

Description

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....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!
  • Listed by: Stephen Martel 401.523.6348 smartel@c21topsail.com Brokerage DRE #REC.0017090 • Century 21 Topsail Realty
Listing closed: 09/18/2025 12:00 AM • Source: Rhode Island Association of REALTORS®, MLS#: 1386968

Location

Listing Courtesy of Century 21 Topsail Realty

Sold By Lila Delman Compass

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Payment Calculator

$4,882 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,193

Property Taxes

$689

HOA Dues

$0

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Property Information for 1028 East Main Road

Property Details
  • Taxes: $8,269 / year
  • MLS Type: Residential Income / Multi Family
  • Subdivision Name: East Main Rd
Building Information
  • Stories: 2
  • Residences: 2
  • Year Built: 1790
  • Lot Size: 0.65 AC / 28,314 SF
Summary
Location and General Information
  • City: Portsmouth
  • Community Features: Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
  • Postal City: Portsmouth
  • Postal Code: 02871
  • Postal Code Plus4: 2306
  • State Or Province: RI
  • Zoning: mix
  • Human Modified Y N: Yes
Parking
  • Attached Garage Y N: No
  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage Y N: Yes
  • Parking Features: Detached, Garage
  • Parking Total: 7
Taxes and HOA Information
  • Tax Annual Amount: $8,269.00
  • Tax Assessed Value: 627400
  • Tax Lot: 34B
  • Tax Map Number: 57
  • Tax Year: 2024
Virtual Tour
Property
Lot Information
  • Above Grade Fin SQFT: 4600.0
  • Building Area Total: 4600.0
  • Frontage Length: 125
  • Living Area Source: Public Records
  • Lot Features: Private, Secluded
  • Lot Size Acres: 0.65
  • Lot Size Area: 28314.0
  • Lot Size Square Feet: 28314.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 3
  • Parcel Number: 1028EASTMAINRDPORT
  • Stories Total: 2
Property and Assessments
  • Business Type: Other
  • Buyer Financing: Conventional
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: ResidentialIncome
  • Senior Community Y N: No
  • Year Built: 1790
  • C L I P: 9,458,878,615
Utilities
  • Electric: Amps100, Circuit Breakers, Separate Meters
  • Sewer: Connected, Septic Tank
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters, Public
Interior and Exterior Features
Exterior Features
  • Fencing: Fenced
  • Foundation Details: Stone
Interior Features
  • Appliances: Water Heater
  • Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 4
  • Cooling: Heat Pump, Central Air
  • Cooling Y N: Yes
  • Fireplace Features: None
  • Fireplaces Total: 1
  • Fireplace Y N: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
  • Heating: Baseboard, Electric, Forced Air, Heat Pump, Hot Water, Oil
  • Heating Y N: Yes
  • Interior Features: Attic, Permanent Attic Stairs, Tub Shower, Cable Tv
  • Laundry Features: In Unit
  • Rooms Total: 16
  • Window Features: Thermal Windows
Multi Family
Income & Expenses Information
  • Operating Expense: $9,000.00
Unit 1 Information
  • Actual Rent: $1,200.00
  • Description: Single family
  • Unit Type Area: 2100.0
  • Baths Total: 2
  • Beds Total: 1
  • Num of Full Baths: 1
  • Num of Half Baths: 1
Unit 2 Information
  • Actual Rent: $1,200.00
  • Description: Single Family
  • Unit Type Area: 2400.0
  • Baths Total: 2
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 1
Rental
Rental Information
  • Land Lease Y N: No
  • Tenant Pays: Hot Water

Property History for 1028 East Main Road

DateEvent & SourcePriceAppreciation
Sep 18, 2025

Sold

Rhode Island Association of REALTORS® #1386968

$825,000
Sep 17, 2025

Sold (Public Record)

Public Record #1914279423

$825,000

+5.3% / yr

Jul 12, 2025

Contract Signed

Rhode Island Association of REALTORS® #1386968

DateEvent & SourcePrice
09/18/2025

Sold

Rhode Island Association of REALTORS® #1386968

$825,000
09/17/2025

Sold (Public Record)

Public Record #1914279423

$825,000

+5.3% / yr

07/12/2025

Contract Signed

Rhode Island Association of REALTORS® #1386968

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1028 East Main Road

Taxable ValueLand$288,200Additions$342,600Total$630,800
Tax Record2025$8,377 ($698 / month)
Home Facts
Lot Size28,314 SqFtStyleOffice BuildingZoningCCountyNEWPORTAPNPORT M:057 B:0034B

Schools near 1028 East Main Road

This home is within Portsmouth School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - PK to 4
Public - K to 4
Rating
School
Distance
Portsmouth Middle School
Public5 to 8

Portsmouth High School
Public9 to 12

Melville School
PublicPK to 4

Howard Hathaway School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Topsail Realty

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.